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 Replies: 27 / Views: 3,441 |
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Pillar of the Community
United States
1804 Posts |
Will common Morgans & Peace dollars hold good (spendable) value in during the next depression? Common circulated Morgans and Peace are worth about $25-35 today. Thoughts? *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
Canada
5417 Posts |
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Pillar of the Community
United States
3184 Posts |
I have no idea but they have many things going for them:
1.Contain precious metal (silver)
2. No longer being made
3. Daily, they are being destroyed, damaged, melted, etc from natural disasters, people making jewelry out of them, etc that slowly but surely, fewer and fewer will exist.
4. They are neat to collect and enjoy
5. If they hold value or gain then great, if not, you have a piece of history
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Pillar of the Community
 United States
1804 Posts |
mkman123, I have no idea but they have many things going for them: 1.Contain precious metal (silver) 2. No longer being made 3. Daily, they are being destroyed, damaged, melted, etc from natural disasters, people making jewelry out of them, etc that slowly but surely, fewer and fewer will exist. 4. They are neat to collect and enjoy 5. If they hold value or gain then great, if not, you have a piece of history. You are right on all counts. May I please add this. About 34 years ago, common circulated Morgans and Peace silver dollars were selling for about $35. That was when silver hit about $50. Morgans did hold about all the value over decades. Peace dollars are a little in the hole, over the same time period. |
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Pillar of the Community
United States
3184 Posts |
Domain, I look at them as something neat to have around to show people and also if I needed a few bucks, I can easily sell them. They have liquidity going for them so its easy to sell
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Pillar of the Community
United States
1804 Posts |
mkman123,
"Domain, I look at them as something neat to have around to show people and also if I needed a few bucks, I can easily sell them. They have liquidity going for them so its easy to sell"
I agree 100%. I love my .999 & .90 & .40
Particularly the Morgans.
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Pillar of the Community
United States
3184 Posts |
I'm not too fond of 40% or 35% (warnickels) but yes 90% halves, quarters, and dimes + morgans/peace are just great! The 999 is nice too but nothing beats circulated silver that is a big part of our history! :)
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Pillar of the Community
United States
1804 Posts |
mkman123 "I'm not too fond of 40% or 35% ( War Nickels) but yes 90% halves, quarters, and dimes + morgans/peace are just great! The 999 is nice too but nothing beats circulated silver that is a big part of our history" We agree on the 35% stuff. Question on War Nickels. Was that to save on COPPER? Funny how COPPER was more valuable than SILVER ... at that time ... Hum? Please see my other post on the value of Nickel and Copper in Eisenhower dollars. (There is about $176 of copper and nickel in 1000 ikes.) |
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Pillar of the Community
Sweden
729 Posts |
Quote:Question on War Nickels. Was that to save on COPPER? I don't think it was a question of value. They needed the copper to make brass for the cartridges used in the war... |
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Bedrock of the Community
13014 Posts |
Epikur is right it had nothing to do with value and everything to do with making massive massive amounts of ammunition to keep the supply lines flowing to win the war. Same reason they changed pennies for a year.
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Pillar of the Community
United States
1801 Posts |
Both copper and nickel were declared strategic war materials and that prompted the change to the coinage.
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Pillar of the Community
United States
1804 Posts |
"Both copper and nickel were declared strategic war materials and that prompted the change to the coinage"
"I don't think it was a question of value. They needed the copper to make brass for the cartridges used in the war.".
"Epikur is right it had nothing to do with value and everything to do with making massive massive amounts of ammunition to keep the supply lines flowing to win the war. Same reason they changed pennies for a year."
I think we are all in agreement.
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Pillar of the Community
United States
1590 Posts |
Those of us that are old enough remember the run up of prices in 1980. By the late to mid 80s common circulated Morgan and Peace dollars were back down to $7 to $12. The same will happen again. Maybe not down that low, but some heavy hitters are calling for $15 silver by the end of the year. If we get that then the intrinsic value will be under $12, with the premium you're looking at $15 to $17 commons. |
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Pillar of the Community
United States
1804 Posts |
"Those of us that are old enough remember the run up of prices in 1980. By the late to mid 80s common circulated Morgan and Peace dollars were back down to $7 to $12. The same will happen again. Maybe not down that low, but some heavy hitters are calling for $15 silver by the end of the year. If we get that then the intrinsic value will be under $12, with the premium you're looking at $15 to $17 commons." I am guessing you are right |
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Moderator
 United States
14463 Posts |
Quote:
I am guessing you are right There is a method of quoting. And it makes things easier to read. where you are placing a quote symbol, type [quo at the start and [/quo at the end |
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Pillar of the Community
United States
3184 Posts |
If it goes down that low, even better, means I can buy more and keep on stacking :)
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Replies: 27 / Views: 3,441 |
Posted 02/07/2014 7:00 pm
