The Morgan Dollar & The Price Of Silver

Silver prices are down there is no denying that, however, if you look over five years the five year low was 9.39 (not adjusted for inflation). Now the big question is how low will it go before it goes back up. I think a lot depends on what the Feds due in terms of QE. Our currency is being devalued and our debt is at record levels. I am not predicting an economic collapse but you look back when silver was 48/toz back in 2011 the economy was going down hill.

We are in uncharted territories with QE, low interest rates, and debt spending. Add to the mix the political brinkmanship over the debt and other issue like USA credit rating being downgraded, and maybe again soon... you get a picture were though silver may fall even further, but, I ** believe ** that should QE and our debt hit the dollar even harder I would expect silver to go back up. If we enter into another 2011 period then I see no reason why we cannot get back to $48 a toz.

I view this period as a time to buy while prices are low. But that is just me.

Agreed. Buying now reduces your overall price per ounce. While you are accumulating, lower prices are what you want. Remember though...Morgans are only .900 silver.

Are you in it for the pleasure of the coin, or for future gain...? You should be rejoicing that Morgans may get to a more affordable price again.

Silver dollars and 90% will only become rarer and rarer....like another member mentioned, how many have been melted, destroyed by natural disasters, etc daily? A lot I bet! Falling metal prices are great.....keep buying them to keep.your cost average low

If you're truly into Morgans, I would aim for some decent MS examples, or at the very least, AU.

Having a small hoard of decent morgans/peace is just as great. Joe blow on the streets won't understand a MS66 from a ms67 morgan but a circulated one he can relate to and afford.

@jm20thengr: If you're trying to put together a fast year set, then low-grades may be an affordable route to take. It all depends on your intent and your roadmap with collecting. I started out buying cheap coins for their metal contents by exploiting my knowledge of coins over those who didn't see the runup coming or who were cheesed about the 50% drop after 2008. Going through "junk" bins was a big hit. But now that silver is hot I go mostly for Canadian MS year sets because if new collectors come in they will be an easy sell once I get bored of looking at them or upgrade my sets.

Just curious, why would "Joe Blow" care about any coins, period?

He can't tell the difference between XF and MS, and an old worn coin will look valueless to him. Why is he even in this equation? There are so many views on silver collecting that I think it should be mandatory to post your roadmap in your signature so we know where the discussion is actually headed.

Is this another one of those "we need constitutional coinage for the collapse" mentalities? Your gold and silver legal tender is produced in the form of Eagles and Buffalos, you just have to put it in circulation and it's constitutional.

Old US coinage, to me, is history, not bullion. I think the prices can only go up on those. If you suddenly had 50% of the world's coin collectors to just stop their hobby, then these pieces can go for less, but for now they are worth the money if you're completing a set. Ok, that's all I have to say, I think.