Graded Morgan Dollar Going Down In Value?

Oh wow, I didn't know that they move in price so much. I thought Red Book was in a scense like the "coin bible". Thats good to know, but also scared me, especially when you hear people like Barry Chappel talk about the low mints in Carson City, and how there so rare. I don't own any Carson City's, but when I saw I can buy 1 in MS64 for $250.00 I thought, wow they just might be affordable now. I apperciate the quick response. I will deff. have to look at your site you posted in link.

Also I noticed when I did an NGC check on there website, from typing in there grading number, that they too list a price, that is from what I have seen lower than the Red Book as well. Thought I would just bring the question to the experts. Thanks again!

Very intersting take on that jmkendall. Never looked at it that way. All I ever hear about at the 2 coin shows, various gun shows, and the coin store that I used to go too is to buy Carson City Morgans. Thats all you ever hear about on ART&COIN T.V. But it does make sense when you take all of that into consideration.

Josh

Its great for information, just not for prices.

The economy is also driving prices down. The longer its in the dumps the less money people have to spend on collectables and less buyers equal lower prices

Personally I think now is a good time if you are in a position too to look at some harder to get coins that were priced a lot higher when everything was going good. Collectables are always the first thing to suffer in down times though think beanie babies.

The true values can move substantially week to week... depends on what hot, how silver and gold is performing, and even what the Telemarketers are selling. Study the trends in trade publications and online to stay on top of things. I also suggest everyone sell coins occasionally as a reality check on real value.

And Morgan dollars, because they are "popular", suffer ups and downs more frequently
than other series.
They are heavily marketed, because many are available.
And a BIG YES: Red Book, good for information but useless for values.
QVC has yet to offer:
"We have just 10,000 Bust Half Dollars, guaranteed a fine or above in condition."
One cannot market coins which only exist in small numbers.
And there are a LOT of Morgan dollars out there.

Go with what you like. If you get caught up in the investment aspect, or are doing this as an investment you'll become miserable....collect what you like and if you can squeeze out a profit that's a bonus.

I usually look at one specific date/mm of Morgans but I do remember a couple years ago MS-64's were selling for around 250.00 or more consistently, now they usually go for around 180-230 in MS-64 and these are all graded PCGS/NGC examples I am talking about. I know its not a huge difference but I have definitely noticed it. MS-63's seem to have a bigger margin of difference than what they were selling for back then. If I remember correctly MS-63's were selling around the 150.00 range and now they are lucky to break 100.00 each time