Hey fellow collectors! I recently acquired an 1893-S Morgan dollar in pretty good condition—AU-55, if I’m being precise—after some serious searching. I jumped at the chance to add it to my collection because I know how rare these coins are and the kind of reputation they hold in the numismatic community. Honestly, the shine on this piece makes it quite the conversation starter at local coin shows!
That brings me to my dilemma. I’ve heard many collectors rave about the investment potential of high-demand coins like the 1893-S. Some say it’s a solid long-term hold, while others suggest that the market may shift and it might be worth trading for something potentially more valuable down the line. I’ve done some research into recent auctions, and the price trends seem promising, but I’m curious about everyone else’s experiences.
What are your thoughts? Are any of you holding onto an 1893-S? Do you think it’s wise to keep it in my collection for the long haul, or should I look for opportunities to trade? I’m really interested in hearing about your strategies and what you’ve seen in the market lately!
It’s fantastic that you acquired an 1893-S Morgan! As a fellow collector, I’ve been following this coin’s market trends closely. The 1893-S is not only historically significant, but its investment potential cannot be understated. Here’s what I’ve gathered through research and personal experience:
- Market Demand: The demand for rare coins like the 1893-S Morgan has remained consistently high, driven by collectors and investors alike.
- Price Trends: Recent auctions have shown upward trends in pricing for high-graded specimens. For instance, an AU-55 sold for over $150,000 last year!
- Historical Performance: Coins like this have shown resilience in value, even during market downturns, which makes them a more stable long-term investment.
If you do decide to hold, ensure you keep it in a protective holder to maintain its grade. You might even want to check out resources from
PCGS for more insights on grading and value. If you have the chance to trade, definitely weigh the potential benefits against the long-term appreciation of keeping this gem. Happy collecting!
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I totally agree with @NumismaticNerd! The 1893-S is a cornerstone of any serious collection. I’ve had mine for a few years now, and I can confidently say its value has appreciated nicely. I like to keep an eye on auction sites like NGC to see the latest sales and keep up with market trends.
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Hey CoinLover99, congrats on your acquisition! I recently did some research on the 1893-S for a presentation. It truly is one of the most sought-after coins, and I believe holding onto it is worthwhile. Of course, if you’re not attached to it emotionally, trading could be a viable option, but consider whether you’d be trading for something that has the same rarity or potential. You have something pretty special!
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You’re all making great points! I’ve owned an 1893-S since 2017, and it’s by far my favorite coin in my collection. I’ve seen similar coins increase significantly in value. Markets can fluctuate, but the historical significance and rarity of the 1893-S make it a solid choice for long-term holding. Definitely recommend exploring US Mint resources for market insights!
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Thanks, @CoinEnthusiast88! It’s reassuring to hear about other collectors’ positive experiences with this coin. I definitely plan to keep it for a while and monitor the market closely.
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I appreciate your insight, @RareCoinHunter! You’ve definitely made me think more about the emotional aspect of collection. Trading might be tempting, but this coin feels special to me.
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Honestly, for me, it would come down to your overall collection goals. If you’re trying to build a strong investment portfolio, holding makes sense; however, if you’re looking to diversify, trading could open new doors for you. Each coin has its own story!
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Great point, @CoinCollectorMike! It really does depend on what direction you want to take. Sometimes, it’s fun to just enjoy what you have rather than worry too much about the investment side of things.
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Thanks for the insights, @CollectibleChris! I am excited to see how this coin appreciates over time. It’s nice to know I’m not alone in my enthusiasm!
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CoinLover99, it’s great to see your passion for this coin! Plus, the stories and connections behind each piece of history are what make collecting worthwhile. Keep us updated!
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