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Any Insights Or Opinions About This Silver Dollar Buying Frenzy?

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 Posted 05/08/2021  6:00 pm Show Profile   Bookmark this topic Add KauaiHawaiiGuy to your friends list Get a Link to this Message
Common date Morgans or Peace dollars that I could get for $25 to $35 just 6 months ago are now regularly selling for $40 to $60.

So any insight on just what's going on with silver dollar prices lately?

*** Moved by Staff to a more appropriate forum. ***

Edited by KauaiHawaiiGuy
05/08/2021 6:46 pm
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 Posted 05/08/2021  6:47 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
You are not looking hard enough .
There are loads for less on the Bay !
Over 800 BIN as of five minutes ago .
Those are Morgan's .
Didn't check Peace .
Edited by Pacificoin
05/08/2021 6:49 pm
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 Posted 05/08/2021  6:57 pm  Show Profile   Bookmark this reply Add KauaiHawaiiGuy to your friends list Get a Link to this Reply

Quote:
You are not looking hard enough .
There are loads for less on the Bay !
Over 800 BIN as of five minutes ago .

Did you look at any of those Morgans that are under $40? They are all culls. 6 months ago I was buying raw MS Morgan's for $30 to $40 all day long, now a cull brings that.
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 Posted 05/08/2021  7:04 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
That is what is called the market .
Demand is far exceeding supply .
Way too much money chasing too few goods .
Nice ones at 40 to 45 are readily available
and at that seem cheap .
If the US Mint can charge 80 plus for the upcoming bullion priced
Morgan Remakes , then the classic ones are easily worth the current ask !
Keep looking and good luck .
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 Posted 05/08/2021  7:06 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Bullion Exchanges has avg circ (not culls) Peace dollars for $33.xx depending on how many you buy. BUs are $45-46 depending on quantity.
Edited by jimbucks
05/08/2021 7:07 pm
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 Posted 05/08/2021  8:14 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply
Wait till September when the extra Unemployment money extensions are supposed to run out. Things will get back to normal -
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 Posted 05/08/2021  8:32 pm  Show Profile   Bookmark this reply Add KauaiHawaiiGuy to your friends list Get a Link to this Reply

Quote:
Peace for $33.xx depending on how many you buy. BUs are $45-46 depending on quantity.

Well that sort of proves my point. Was bidding on and winning Peace dollars in AU to BU MS for $20 to $30, now VG's to XF's are $35 and BU MS are like you say $45 and up .............. and that's just a coin for a silver stacker that doesn't care a hoot about the year or mint of the coin, I do and that's a huge 30% to 50% increase in 6 months.
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 Posted 05/08/2021  8:43 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
If you are just stacking silver , what about cheaper options ?
Rounds , Canadian Silver Dollars , world silver ?
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 Posted 05/08/2021  9:08 pm  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Why is the S&P up more than 10% in 4 months?

(as @rothery said)
Edited by tdziemia
05/08/2021 9:10 pm
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 Posted 05/08/2021  9:11 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply

Quote:
Wait till September when the extra Unemployment money extensions are supposed to run out. Things will get back to normal


Just in time for the "infrastructure" bill and probably more "covid" relief
Edited by machine20
05/09/2021 1:05 pm
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 Posted 05/09/2021  09:22 am  Show Profile   Bookmark this reply Add KauaiHawaiiGuy to your friends list Get a Link to this Reply
Pacificoin ....................

Quote:
If you are just stacking silver , what about cheaper options ?
Rounds , Canadian Silver Dollars , world silver ?

You didn't read my comment carefully or I didn't make it clear enough ....... I said that I am not a silver stacker and those $33.xx prices for VG Peace dollars and $45-$46 for BU's are for silver stackers that don't care about the coin, only the silver, but I do care about what coins I buy, and Morgan and Peace dollars are up $25% to $50% in 6 months.

So basically that's why I was asking for opinions or comments. Everything a person can buy goes up over time, I get that, but this is like hyper inflation in silver dollars ............... 50% in 6 months is not normal.

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 Posted 05/09/2021  09:27 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Agree, too much money chasing too few goods. Explains the rise in prices for lots of things, including stocks and bullion coins. Someday this bubble is bound to burst.
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 Posted 05/09/2021  2:17 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Agree coinfrog ......a gigantic kaboom !
Talk about whining about prices ........
Lumber .......last year a pressure treated 2x4 around 6 CAD
Today 20 CAD .
Last year a 2000 SF Townhouse in our complex 450K CAD
This week 2 sold for 600K CAD .
We are the edge of economic disaster .
The price of Silver Dollars ...minor issue .
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 Posted 05/09/2021  4:57 pm  Show Profile   Bookmark this reply Add KauaiHawaiiGuy to your friends list Get a Link to this Reply
Pacificoin ......

Quote:
talk about whining about prices ........
Lumber .......last year a pressure treated 2x4 around 6 CAD
Today 20 CAD .
Last year a 2000 SF Townhouse in our complex 450K CAD
This week 2 sold for 600K CAD
The price of Silver Dollars ...minor issue


Well there's whining and then there's asking a question ...... you see I'm buying silver dollars, so to me it's not a minor issue, and that's why I asked the question.
I read recently that Bill Gates just spent 171 million on some farm land, so I imagine to him your condos now selling for $600,000 CAD instead of $450 is also a minor issue. It's really all about perspective.
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 Posted 05/09/2021  6:07 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 correct chicken feed to the super rich .
As I see it the economy will fall off a Cliff and buying silver dollars or any other
Want ( not need ) will be minuscule to state the least .
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 Posted 05/09/2021  6:48 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
There is whining and there is dining!
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