Sell 1921 Morgan Silver Dollars to Invest in T206 Card?

[bmcnutt]

I have several 1921 Morgan Silver Dollars. These are not rare coins, but are in really good shape. I have been contemplating selling these coins and using the money to invest in T206 PSA Graded Cards. With the price of silver not moving up considerably, while the value of T206 PSA Graded Cards continue to rise with no end in sight, I am trying to decide what my best move will be.

Any one ever done this or have thoughts on this?

[Thromdog]

How much?

I have traded silver for cards back and forth with a few folks here.....

[vintagetoppsguy]

I would keep the Morgans over T206s, but that's just me. My opinion is probably in the minority given that this a pre-war BB card chatboard. That said, if you do decide to sell the Morgans, hit me up. I'd be interested.

[Goudey77]

I traded commodities and silver during its run up to the 50’s. I would hold out. Unless you are completely bored and looking to get cards.
If I can provide an analogy buying or trading for T206 now would be like getting into silver at the $40’s range.

[pkaufman]

"Really good shape" is not descriptive enough. If they are MS65 or above, then they would be investment grade and keepers, otherwise trade bait since they are anything but rare.

[frankbmd]

channeling the Lone Ranger

“Hi Ho Silver Away”

[Paul S]

Nice 1st post.

[vintagetoppsguy]

Originally Posted by bmcnutt

I have several 1921 Morgan Silver Dollars. These are not rare coins, but are in really good shape. I have been contemplating selling these coins and using the money to invest in T206 PSA Graded Cards. With the price of silver not moving up considerably, while the value of T206 PSA Graded Cards continue to rise with no end in sight, I am trying to decide what my best move will be.

Any one ever done this or have thoughts on this?

I think the key word is invest. If it's truly an investment, look at it from an investment point of view. Say you wanted to start a self-directed IRA. By IRS laws, you back that IRA with precious metals and/or coins. You can't do it with bb cards. There is a reason for that. Think about it.

[Santo10Fan]

Originally Posted by bmcnutt

I have several 1921 Morgan Silver Dollars. These are not rare coins, but are in really good shape. I have been contemplating selling these coins and using the money to invest in T206 PSA Graded Cards. With the price of silver not moving up considerably, while the value of T206 PSA Graded Cards continue to rise with no end in sight, I am trying to decide what my best move will be.

Any one ever done this or have thoughts on this?

The numismatic hobby is fading away, IMO. There was a time when you could rifle through loose change and possibly flip to some serious money, like when 1916-D dimes were actually circulating. That's just not the case nowadays and, there isn't going to be much interest past the millenial generation IMO. If you're looking for an answer regarding volatility, that's easy. In-demand T206 HOFers have been on a steady upward climb recently. Silver is all over the place. My favorite coin I ever owned was a VG10 1916-D, but I sold it to buy cards. I often looked at that coin, and imagined the guy's face who found it in circulation. What a day that must have been. Sadly, those exact moments that built the numismatic hobby are history.