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Morgan Dollar Prices

 
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Author Previous TopicReplies: 11 / Views: 428Next Topic  
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United States
59 Posts
 Posted 09/15/2020  6:07 pm Show Profile   Bookmark this topic Add CoinsInVT to your friends list Get a Link to this Message
Curious if I'm the only one that's thinking Morgan dollar prices are starting to get rediculous. I commonly see grades XF and below selling for $10 or more over melt (keys excluded, of course). Even junk coins below $25 are a rare find it seems.

Maybe I'm totally off base?
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Canada
3476 Posts
 Posted 09/15/2020  7:33 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
That's the current market .
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United States
84 Posts
 Posted 09/15/2020  8:47 pm  Show Profile   Bookmark this reply Add silverstash119 to your friends list Get a Link to this Reply
It's due to the current run on silver, people are bullish and grabbing as much as they can.
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United States
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 Posted 09/15/2020  9:18 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Silver dollars always have a premium over other types of junk silver.
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United States
317 Posts
 Posted 09/16/2020  08:21 am  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply
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 and NGC 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.
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 Posted 09/16/2020  09:16 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Strong letter to follow.
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United States
59 Posts
 Posted 09/16/2020  12:28 pm  Show Profile   Bookmark this reply Add CoinsInVT to your friends list Get a Link to this Reply
Glad to hear I'm not going crazy. Peace dollars are creeping up there as well.

I have my eye-appeal coin in my type set, so now I only buy if I find them below $20.
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19584 Posts
 Posted 09/17/2020  09:33 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Of course you could always buy the same ones made in China for a lot less.
just carl
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United States
317 Posts
 Posted 09/17/2020  09:40 am  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply
Yeah, if you find them for less than the value of the silver there's probably no silver in them. :)
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United States
59 Posts
 Posted 09/17/2020  11:29 am  Show Profile   Bookmark this reply Add CoinsInVT to your friends list Get a Link to this Reply
Fakes are pretty easy to spot on these coins. I just wait until I can find someone who is selling something they know nothing about. Garage sales are fantastic.
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 Posted 09/21/2020  4:37 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Culls are trading a buck over melt. Full grade VG-VFs are at $25 and XFs at 27. Anything BU is 40+ now. People are seeking silver and there is a dearth of supply.
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 Posted 09/21/2020  4:50 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Of course you could always buy the same ones made in China for a lot less.
No, no, NO!
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