Is a Circulated Morgan Dollar a Good First Coin?

The Morgan Dollar (minted 1878-1921) is the most famous silver coin in the world. It feels like a "real" pirate coin.

The Case FOR Buying It First

1. Likability: If you buy a generic buffalo round, you feel nothing. If you buy a Morgan, you feel history. It hooks you into the hobby instantly.
2. Liquidity: Every dealer on Earth buys them.

The Case AGAINST Buying It First

1. The Premium: You will pay $30-$40 for a coin that contains only 0.7734 oz of silver.
2. The ROI: You are paying for "cool factor," not just metal.
3. The Fake Risk: Because they are popular, Chinese fakes flood the market.

Verdict: Buy ONE as a "pocket piece" or fidget spinner to fall in love with silver. But do not stack them for bulk wealth until you understand premiums.