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Just Rescued 100 BU Morgan Dollars!

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 Posted 09/26/2025  1:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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All right, it looks like silver just hit $46, so whatever happens from here on out is not my fault...
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 Posted 09/27/2025  3:14 pm  Show Profile   Bookmark this reply Add barryg to your friends list
Well, the coins were just delivered (a few days earlier than expected) and they are absolutely beautiful! Each one is truly Brilliant Uncirculated with lots of cartwheel luster. At some point I will carefully go through them to see if there are any interesting dates and/or mint marks. I'd check for VAMs, except I really don't know anything about them and wouldn't know what to look for, sorry...

As I mentioned in my original post, I have no idea why I was able to pick these up for $55 per coin at APMEX by buying 100 of them individually when they are selling rolls of 20 (identical to the rolls I received) for $1400 and rolls of 10 for $700. As far as I can tell, they really are the exact same -- random dates (1878-1904) in BU condition. Not that I'm complaining, mind you...

Oh, right -- pictures!

Just-Rescued-100-BU-Morgan-Dollars!
Just-Rescued-100-BU-Morgan-Dollars!

And just one representative close up:

Just-Rescued-100-BU-Morgan-Dollars! Just-Rescued-100-BU-Morgan-Dollars!
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 Posted 09/27/2025  6:21 pm  Show Profile   Check -makecents-'s eBay Listings Bookmark this reply Add -makecents- to your friends list
Thanks for the pics! Nice looking coins and don't mean to be a Debbie Downer, but definitely not uncirculated if the close up coin is any indication of what you have received.
-makecents-
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 Posted 09/27/2025  6:25 pm  Show Profile   Bookmark this reply Add barryg to your friends list
Trust me, they look much better in hand.
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 Posted 09/29/2025  4:36 pm  Show Profile   Bookmark this reply Add MrPink2018 to your friends list
my kind of pile...
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 Posted 09/29/2025  6:25 pm  Show Profile   Bookmark this reply Add barryg to your friends list
And in other news, I think I finally figured out why the pre-packaged tubes of 10 and 20 random year BU Morgans were on sale for significantly more than the ones I purchased "in bulk." It turns out that the pre-packaged tubes are not actually "random" years but are instead "10 different dates" and "20 different dates," respectively. Which means, I guess, that you won't get any duplicate dates despite the fact that you also aren't likely to get any particularly rare or valuable dates/mint marks.

I suppose that's important if you are working on an album and want as many different dates as possible, but I wouldn't pay extra for that, personally.
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 Posted 09/30/2025  09:37 am  Show Profile   Bookmark this reply Add barryg to your friends list
My pleasure, jbuck!
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 Posted 10/01/2025  01:41 am  Show Profile   Bookmark this reply Add Silverskunk to your friends list
Lovely coins. Congrats.
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 Posted 10/10/2025  09:29 am  Show Profile   Bookmark this reply Add barryg to your friends list
Just for the record, the exact same BU random year Morgan dollars I bought from APMEX at $55/coin are now selling there for $58.39 (the price of silver has gone from $45/oz to $50.50/oz at the time I write this). A "mini monster box" of the same coins (which is just the same 100 coins I purchased, but in fancy packaging) is selling there for $5895.

Assuming silver stays at this price or goes higher, I'm going to remain very happy with my purchase. If it ever drops back down to $20 or so, perhaps not so much...
Edited by barryg
10/10/2025 09:40 am
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 Posted 10/10/2025  10:36 am  Show Profile   Bookmark this reply Add jbuck to your friends list

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Assuming silver stays at this price or goes higher, I'm going to remain very happy with my purchase.


Quote:
If it ever drops back down to $20 or so, perhaps not so much...
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 Posted 10/10/2025  9:40 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list
I know the feeling very well. Well done if you can afford. I saved a nice silver coin today.

But I think that silver is now a sell for things you are not attached to.
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 Posted 10/16/2025  09:20 am  Show Profile   Bookmark this reply Add barryg to your friends list
Silver has gone from $45/oz when I purchased these to $53/oz, and the APMEX price on these coins has been rising steadily as a result. Right now, the same coins I bought are $60.39 apiece (when purchased in quantities of 100 or more), compared to the $54.99 I paid per coin. So that's a $5.40 increase per coin, which means I would have had to pay an extra $540 for the 100 coins if I bought them now.

Yeah, I'm not feeling too bad about "overpaying" for these right now...
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