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 Replies: 27 / Views: 4,132 |
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Pillar of the Community
United States
1450 Posts |
I think prices of even common Morgans are taking on a little luster these days. I find it hard to find price guides that show Morgans priced much below $100 for MS64 coins these days. A couple of years ago I got those coins for $60 each in mint condition. Prices of Peace dollars seem to have fallen as I bought MS63 1927 for $150.
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Bedrock of the Community
United States
11880 Posts |
If you go on the bay, you can purchase generic date PCGS MS64 morgans for $60 postpaid. That includes a ~10% selling fee and postage and handling. That means that you should be able to buy these for close to $50.
If any morgan will do, a 1921 morgan in PCGS MS64 will cost you $48 postpaid. That means that you can pick these up outside the bay for $40. All in PCGS slabs.
Price for these aren't going anywhere as everyone has plenty of inventory.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
4989 Posts |
The market price for PCGS MS-64 Morgans on a major site is $65 to buy, random date, by check/wire and $48 to sell.
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Pillar of the Community
United States
3210 Posts |
This coming from my dealer who does shows around the country, and from doing research online, Morgan's are low right now and a gradually declining price is to be expected (he told me this is a decent time to buy graded pieces). Supply is outweighing demand. Peace dollars are selling very well and prices are going up. Finding ms65 specimens even of common dates is getting tough. Underrated series Full bell line Franklin halves 64 and better prices are going up Classic us gold is going up (especially graded) Classic silver commemoratives are also a sleeper. |
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Pillar of the Community
United States
5825 Posts |
I was looking at some of the ads when I dug up a copy of 2010 Coin World magazine, and prices for prestige proof set cost more back then than today, other were similar. Coin investment takes a down turn. |
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Pillar of the Community
United States
7390 Posts |
Quote:
If any morgan will do, a 1921 morgan in PCGS MS64 will cost you $48 postpaid. That means that you can pick these up outside the bay for $40. All in PCGS slabs. Just a little edification. The Philly mint 1921 Morgan in 64 can be had for around that price but a Denver or San Fran will cost you over double that in 64 |
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Bedrock of the Community
United States
10982 Posts |
Quote:
The market price for PCGS MS-64 Morgans on a major site is $65 to buy, random date, by check/wire and $48 to sell. I think you meant: $65 to sell and $48 to buy. Or perhaps you're quoting a price guide? Edited by BH1964
04/23/2017 12:42 pm
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Bedrock of the Community
United States
11880 Posts |
I think fenton meant from the perspective of the customer of the major dealer.
Also, at these prices, expect to get the ugliest ms64 imaginable. You will never get a choice-for-the-grade coin at these levels.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
 United States
54280 Posts |
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Pillar of the Community
 United States
1450 Posts |
I bought a MS63 1927 Peace dollar about 2 years ago and I got one for about the same price a few days ago. Let's consider the Morgan dollar. Where else can you buy a mint conditioned 135 year old coin for less than $100? All the Morgan dollars in existence today are in collections and they sit there after 135 years plus being sold back and forth between collectors. If you just want silver buying a silver eagle is a much better deal. 100 years from now MS65 Morgans will exist and I wonder what their value will be then? Imagine a 235 year old gem quality big silver coin for sale long after we are all playing harps. |
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Pillar of the Community
United States
5825 Posts |
Less then 100 years from now, it will be a cashless society. Coin collecting will be a thing of the past, very much like so of stamp collecting, but we wont be able to see it.
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Pillar of the Community
United States
7390 Posts |
Doubtful Mac. Just because we won't use coinage doesn't mean collecting it will go extinct by any stretch. In fact, it is more likely to have the opposite effect.
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Pillar of the Community
United States
1450 Posts |
I think silver and gold coins will always be collectable. Our fiat currency may be gone but not gold and silver.
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Pillar of the Community
United States
5825 Posts |
I also hope I am wrong. PM been around for thousand of years, but my feeling that there aren't as many of collectors these days that are interested in coins, especially the younger generations are more into other things in life.
The one's that are are usually brought into the hobby, and it comes and goes.
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Pillar of the Community
United States
2130 Posts |
I agree with Terry here. Gold and silver coins will always be collectible even after we are a cashless society. There will be way more stackers around than coin collectors.
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Valued Member
United States
338 Posts |
I am starting to see ads "Trading gold for Slabbed Morgans" and "Trading gold for silver bars". I am biting on the feeling that high grade slabbed Morgans are on the way up since I've started to pick up a few choice coins. And, it looks like more than a few people believe silver will make move upward.
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Replies: 27 / Views: 4,132 |
Posted 04/23/2017 09:23 am
