It's not just you.
The biggest bubble in the coin market is Morgan dollars
. I'm not saying it'll burst tomorrow, but IMHO, people should avoid that entire segment completely.
It doesn't matter what you're looking for, bullion or numismatics, there's zero reasons to put money into Morgan dollars
. If you're buying bullion, stick to lower premium bars/rounds. If you're looking for numismatic coins, buying Morgan dollars
is an even bigger mistake. PCGS
have slabbed nearly 7 million of those suckers. If you want one because it's a pretty coin and historical, you can easily find MS65 examples all over the place. Go to any coin show, look on Ebay, they're everywhere, they're not rare all. Don't worry about the date and mint mark, don't worry about population, just get something eye-appealing and common and cheap. Then focus on something else. Because when you get into the world of Morgan "key" dates/mints, you're going to overpay big time. The vast majority of them are not rare, they're only 'rare' to people who are stuck inside this Morgan Mania, who aren't familiar with other coins, especially foreign, which can be truly rare, eye-appealing and have MUCH more attractive valuations.