| Author |
 Replies: 30 / Views: 1,919 |
|
Pillar of the Community
United States
5340 Posts |
All right, story time... Back in late 2011, when silver had started to drop from it's last stratospheric high, I really wanted to buy a bag of 100 BU Morgan dollars from APMEX. The price on them stubbornly refused to come down below $5000 per bag, however, so I bought a bag of 100 BU Peace dollars instead for $3700 (with spot price at $29.44). But I really wanted the Morgan dollars! Over the years, I periodically checked the price on those bulk BU Morgan dollars, and either the price stayed where it was or (when silver really dropped) the product became unavailable. Well, with silver hitting $45 today, I figured it was time to check again before silver became so valuable that BU Morgans started getting melted down for their silver value. I discovered that APMEX does not have bags of 100 available. I saw they do have rolls of 10 BU random year Morgans available, but for $699 ($69.90 per coin). But then I noticed that individual BU random year Morgans were for sale at $54.99 per coin (which translates to $55 per roll of 10 and $5500 per "bag" of 100). And so, I just decided to finally go for it and purchased a "bag" (more likely five rolls of 20) of random date BU Morgan dollars for $5500. Unless silver someday hits $100 I'll probably never see this as a particularly good investment from a pure bullion standpoint, but at least I can take comfort knowing that I have now rescued 100 beauties from being melted down any time in the near future... |
|
|
|
Valued Member
United States
410 Posts |
You're doing good work there, I'd join you if I could!  Edit: Please share some pics later of what you get! Edited by MintedNotPrinted
09/25/2025 12:35 pm
|
|
Pillar of the Community
 United States
5340 Posts |
Quote:
Please share some pics later of what you get! But, of course!
|
|
Bedrock of the Community
United States
18070 Posts |
Morgan rescue--I like it.
|
|
Moderator
 United States
171010 Posts |
Excellent!   |
|
Pillar of the Community
United States
2597 Posts |
Congratulations on a very nice purchase. |
|
Pillar of the Community
United States
5340 Posts |
If the price of silver suddenly plummets back down to $20/oz, you can all blame me... |
|
Pillar of the Community
 United States
7529 Posts |
Very cool purchase! I love going through BU rolls. One cool thing about BU Morgans, they tend to hold their value somewhat, regardless of the moving silver price. Do you search the VAM for each? Yes, please give us pics, I love to see these coins in bulk, still hands down my favorite coin. -makecents-
|
|
Moderator
United States
171010 Posts |
Quote: If the price of silver suddenly plummets back down to $20/oz, you can all blame me... 
|
|
Pillar of the Community
United States
2020 Posts |
Quote:
If the price of silver suddenly plummets back down to $20/oz, you can all blame me. I will thank you not blame you!
|
|
Moderator
United States
171010 Posts |
Quote:
I will thank you not blame you! Buy! Buy! Buy!
|
|
Bedrock of the Community
United States
14142 Posts |
Very nice - thank you for saving these for future generations to enjoy. Take a look at my other hobby ... http://www.jk-dk.artToo many hobbies .... too much work .... not enough time. |
|
Pillar of the Community
United States
5340 Posts |
Quote:
Buy! Buy! Buy! I remember the last time that silver hit $40 and everybody (including myself) said that if the prices ever dropped back down significantly that we would back up the trucks and load up. And the the prices did drop sharply and I discovered that either nobody had any to sell or else they all ridiculous premiums of $10/oz or more. As I said in my original post, I waited for years for the price of these BU Morgan dollars to fall as the price of silver fell, and it just never happened.
|
|
Pillar of the Community
United States
7529 Posts |
Quote:I remember the last time that silver hit $40 and everybody (including myself) said that if the prices ever dropped back down significantly that we would back up the trucks and load up. And the the prices did drop sharply and I discovered that either nobody had any to sell or else they all ridiculous premiums of $10/oz or more. As I said in my original post, I waited for years for the price of these BU Morgan dollars to fall as the price of silver fell, and it just never happened. Quote:
One cool thing about BU Morgans, they tend to hold their value somewhat, regardless of the moving silver price.
-makecents-
|
|
Pillar of the Community
United States
1910 Posts |
that's fabulous. I hope you find some decent & interesting VAMs in that lot.
|
|
Moderator
United States
33739 Posts |
Quote:
I remember the last time that silver hit $40 Guess it is a good thing that I loaded up when an ounce of silver was four bucks and change!  I'll be interested to see if there is anything of special interest in the group.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
|
| |
Replies: 30 / Views: 1,919 |
Posted 09/25/2025 1:40 pm
