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 Replies: 9 / Views: 1,619 |
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New Member
United States
15 Posts |
Would it be safe to say that both Morgan and peace
dollars should be worth 90% of the price on
a silver eagle? This would mean if one can get an eagle
for spot plus $3.00 a good circulated Morgan or peace
dollar would be worth spot + $3 X. 90, Is this logical?
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Moderator
 United States
23522 Posts |
Morgans and Peace dollars are historic artifacts. Eagles are lumps of silver. With that purely personal opinion out of the way.... When dealing with Morgans/Peaces whose intrinsic values are only melt due to wear and lack of a value-added variety, they should be worth 90% of an Eagle. But that 90% figure is only because the silver content is 90% of an Eagle's. In the real world, I'd buy every single Morgan or Peace I could get for spot + $3, and make a profit on almost every single one. Current spot on a silver Dollar is $24.63; if you can find them reliably for less than $30, don't tell anyone. |
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Pillar of the Community
United States
1812 Posts |
hmmmmm, correct me if I'm wrong, But I believe a mint state Silver Dollars contains .77 oz pure silver each & 90% silver Dimes, Quarters & ½ Dollars contain .72 oz per Dollar face value...
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Moderator
United States
23522 Posts |
Quote:
mmmmm, correct me if I'm wrong, But I believe a mint state Silver Dollars contains .77 oz pure silver each & 90% silver Dimes, Quarters & ½ Dollars contain .72 oz per Dollar face value... Well, if I hadn't got momentarily stuck on the idea that Morgans weigh a full ounce instead of 26.73gm, I wouldn't have said that.  |
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Bedrock of the Community
Australia
21788 Posts |
ASW in an ASE = .9993 troy ounce + remedy allowance. ASW in a U.S. silver dollar = .7734 troy ounce + remedy allowance. Unfortunately I don't have information on U.S. coins for remedy allowance. The ASE has 17.43% more silver in it. That's about $5.50 worth of extra pure silver. Numismatic premiums and market demand are entirely separate issues, which affect the overall market value of each category of coin. |
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Pillar of the Community
United States
1211 Posts |
Dave, taking your advice into consideration, are you talking about common date, worn but problem free coins only?
What is your "buy" price on common date UNCs?
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Pillar of the Community
United States
919 Posts |
When spot is $30 I usually pay $30 for common EF/AU Peace dollars and $1-2 more for Morgans. When spot moves the price seems to follow. It has become an easy way for me to track what the going rate is. I do not purchase anything lower then EF (and currently only buy MS) so I don't get silver dollars in the $20's. My local stores charge a $3 premium for ASE's. Some have raised that lately due to the shortage and increased demand. So yes I am paying 10% less for much less silver. |
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New Member
 United States
15 Posts |
Thank you for the analysis. I'll probably continue to collect ASE's but will understand some of the pricing structure that may apply to Peace and Morgans. most helpful, thanks, Jeff |
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Valued Member
United States
344 Posts |
The calculation I have in my spreadsheet is 0.0321507466 * 26.73 * 0.9 I cant remember off hand how the first number is derived, the second number is grams in the dollar and of course the last number is 90%. Which equals: 0.773450511 troy ounces of silver for each Morgan and Peace dollar. |
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Pillar of the Community
United States
1721 Posts |
And that's all in a perfect world. Worn dollars don't weigh 26.7 grams. If you are paying for bullion you'd have to weigh them. If you are buying for the coin, who cares about weight (counterfeits excluded).
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Replies: 9 / Views: 1,619 |
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Posted 02/07/2013 01:03 am
