Morgan Dollar Prices

It's due to the current run on silver, people are bullish and grabbing as much as they can.

It's not just you.

The biggest bubble in the coin market is Morgan dollars. I'm not saying it'll burst tomorrow, but IMHO, people should avoid that entire segment completely.

It doesn't matter what you're looking for, bullion or numismatics, there's zero reasons to put money into Morgan dollars. If you're buying bullion, stick to lower premium bars/rounds. If you're looking for numismatic coins, buying Morgan dollars is an even bigger mistake.

PCGS and NGC have slabbed nearly 7 million of those suckers. If you want one because it's a pretty coin and historical, you can easily find MS65 examples all over the place. Go to any coin show, look on ebay, they're everywhere, they're not rare all. Don't worry about the date and mint mark, don't worry about population, just get something eye-appealing and common and cheap. Then focus on something else. Because when you get into the world of Morgan "key" dates/mints, you're going to overpay big time. The vast majority of them are not rare, they're only 'rare' to people who are stuck inside this Morgan Mania, who aren't familiar with other coins, especially foreign, which can be truly rare, eye-appealing and have MUCH more attractive valuations.

Glad to hear I'm not going crazy. Peace dollars are creeping up there as well.

I have my eye-appeal coin in my type set, so now I only buy if I find them below $20.

Yeah, if you find them for less than the value of the silver there's probably no silver in them. :)

Culls are trading a buck over melt. Full grade VG-VFs are at $25 and XFs at 27. Anything BU is 40+ now. People are seeking silver and there is a dearth of supply.