I was just looking thru my silver coin collection the other day and I came across this guy. Thought I'd share
Gotta love Morgan dollars, esp MS65 professionally graded ones. According to the PCGS verify page, it is worth $185. Nice!
It was a gift from my dad some years ago. He gave it as more of an investment gift and not a sentimental one as of a coin he carried all his life, so if the price were to go up significantly, I would consider selling, but as now I just enjoy having it.
Ah, to imagine the days where this coin was in circulation. Oh I suppose that if I had lived back then having a silver coin would just be perfectly normal and I wouldn't think anything of it, but looking backwards from a point where having silver in our coins isn't so normal, it seems just a little amazing that this used to be a standard thing.
In 1885, the average daily wage was around $1-$2. That amount of money could buy you a decent meal, plenty of food or supplies at the grocer's shop. Adjusted for inflation, $1 in 1885 would be about $35 today, showing us that despite the wage stagnation since 1971, wages are still outpacing inflation by quite a bit, but it also shows us that the cost of living was far lower back then. Really, as Michael Saylor is fond of saying, inflation is more of a vector and can't be represented by a single number, and this coin from 1885 lends some credence to his words.
Anyway, cool coin. Hope you enjoyed and hope you all are continuing to have a great holiday!
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David is an American photographer and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Twitter or Mastodon. |
That's a beauty, nothing quite like a mint state Morgan, it really connects you to the past. Back when a dollar was worth something!
!PIMP
It's fun thinking about having a pocket full of these back in the day, isn't it?
Super awesome! What a crisp coin, thanks for sharing that one :D
You're welcome!
Very nice Morgan an MS65 is a great grade. One of my favorite coins.
!pimp
It is one of the best to collect, definitely.
Shiny as hell for almost 150 years old. Nice piece.
Pretty amazing to see that, isn't it?
I need to start buying a bit more silver. This once a year thing isn't doing me any favors.
On one hand, the more silver the better. On the other, silver really hasn't increased more than inflation in 100 years, so if you are looking for gains, it's probably better to buy BTC.
Yeah, that is a good point. I'm not even sure we are going to see the big silver pump that people were pointing at earlier in the year.
Yeah, I don't know about that. Silver Thursday still inspires dreams of it happening again, but honestly, I think that was a once-in-a-lifetime event—and even if you and I were kids at the time, it was our once-in-a-lifetime event. I still buy silver because it's a good store of value, and just in case lightning does strike twice, but I really don't expect huge gains in this part of my portfolio.
are you planning to hold it and sell at a later date? I have some old coins but I don't think any valuable ones
If the price goes up I may sell. Otherwise, I'll just hold. As a graded coin, I think this one would fall more into the collector's market, and that one is super unpredictable, so who knows what will happen to the price in the coming years.
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A very nice Morgan and a big plus that it's PCGS graded. I've got a lot of old silver coins, but the coin I am most proud to own is penny from 1864, Civil War days. The history that comes with that coin is a bit mind boggling. Would really like to get a Roman ere coin someday too.