| Author |
 Replies: 9 / Views: 1,765 |
|
|
Pillar of the Community
United States
2130 Posts |
Let me start of by saying I rarely visit coins shows. Today I went to the fairly small coin show in Raleigh, NC. I was in a bit of a hurry but did manage to get over most of the tables. One thing that stood out to me was the abundance of slabbed Morgan dollars for sell. Almost every table had these. If you were looking for a slabbed Morgan you could have found it. There was not nearly the selection of other slabbed coins. Is this pretty normal at the smaller shows? I was looking for CBQ's and I found a handful of raw quarters and about 6 slabbed CBQ's. That was it. |
|
|
|
Pillar of the Community
United States
2850 Posts |
The small show I attend locally seems to have the same "issue". There are a lot of overpriced Morgans that I see every show. You can't really go wrong with Morgan dollars though, due to their popularity -- If priced well, they sell great. |
|
Pillar of the Community
United States
1314 Posts |
The beauty of coin collecting is that it is largely a fair market venue. If something is priced too high, start selling. If it is too low, start buying. Unlike your utility bills, you can shop around. Too often, it is our perception that is in need of adjustment. I've often said about price guides, there are two types of entries. A) I wish I could sell mine for that much. And B) I wish I could buy one for that price. Quote:
overpriced Morgans A quick glance at my Yeoman's book from 2014 shows common coins around 1900 in MS63. Dollars $70 Halves $950 Quarters $400 Dimes $225 If you can't find reasonably priced Morgans at the shows, check my listings. And yes, I wish I could sell mine for book price. |
|
Bedrock of the Community
United States
17884 Posts |
It's common at all shows, large and small. The Morgan dollar was minted in huge numbers and most of them never really circulated. Except for the ones melted down under the Pittman Act, probably 75% of them are still around in MS. Morgans are common as dirt. As you found out though Capped Bust quarters are NOT common. |
|
Moderator
 United States
188415 Posts |
I agree, there is no lack of Morgan dollars at the shows I attend. If I ever had the means and desire to build a very nice certified set, I could probably accomplish it in one show. That being said, it took me a long time to fill the Capped Bust quarter hole in my 7070. |
|
Bedrock of the Community
United States
20753 Posts |
The reason is simple. Those are the biggies in sales today. So dealers go nuts having those slabbed. IF, for some reason, Jefferson nickels became popular, you'ld see the same thing at shows, lots of slabbed Nickels. I go to coin shows about 2 to 4 times a Month and what you see is common. |
|
Pillar of the Community
United States
8137 Posts |
Was that the NC fairgrounds show? I went there once and I was really disappointing by the amount of dealers there.
|
|
Pillar of the Community
 United States
2130 Posts |
Yes... that would be the one I was referring to.
|
|
Pillar of the Community
United States
8137 Posts |
You might want to try going to their summer show. That one is supposed to be the biggest show that Rare Coins of Raleigh sponsors.
|
|
Pillar of the Community
United States
1247 Posts |
Since Morgans are the most hyped coins in all the TV and Advertisements sales, all the novices get sucked into buying them. Which is also why there are more counterfeits of this coin then any other.
Supply and demand.
I don't collect Morgans. not to say I don't have a half dozen or so.
|
| |
Replies: 9 / Views: 1,765 |
|
Posted 11/14/2015 9:38 pm
