Thinking About This For A While: TPG Population Report On Morgan Dollars

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stvnnvts999 New Member United States 29 Posts	Posted 01/05/2022 12:42 am Are these any websites out there that provide accurate statistical data on how many of each Date Morgan dollar are still out there in existence that aren't the PCGS and NGC Population reports? Because I'm trying to figure out if what I'm thinking is too good to be true or not. If you look at the PCGS Population reports of these dates: -1879-S -1880-S -1881-S -1883-O -1884-O -1885-O -1886-P -1887-P -1904-O -1921-P You will find that these dates have a Population count of well over 100,000 graded examples (And that's just for PCGS alone) And if I were to try to buy any one of these dates already graded in MS64, I would pay roughly in the $120-$180 price range. Everything sounds normal so far, right? Well it was for a while until I realized that there are plenty of other examples of other dates out there that go for almost the same amount of money as the common dates that I listed above but have drastically lower population counts lower than 100,000. I'm talking well under 100,000 and approximately around the 20,000 mark instead. (And if you don't believe me you can look this up on the PCGS website) -1880-P -1881-P -1882-P -1882-O -1884-P -1890-P -1897-P -1898-P -1903-P Could it be possible that these dates in graded MS condition are real sleepers that have potential to increase in numismatic value in the future due to them not being as common as the market originally perceives them to be? Is there something I'm missing here? I know that most of these dates are Philadelphia's and they minted alot more Philadelphia's than they did at SF or New Orleans, but I'm pretty sure that well over a century of circulation and also being subject to the Pittman act would cause them to be just as scarce (if not more) as the rest of the common date Morgan dollars, right? Report this Post to the Staff

Collects82 Pillar of the Community United States 1316 Posts	Posted 01/05/2022 04:58 am Supply and Demand have long led to wonky results. Either way, we are talking about market valuations that have become ingrained over the decades regardless of actual supply. Supply is in the 10s of thousands for all of these. That is HUGE. Anyone can go to any coin show, or dealer, or ebay any day and find plenty of any of these. None of them are actually scarce. IMO there are a lot of other places to invest that will bring a much better financial result than hoarding a bunch the 2nd group hoping demand eventually might deem them as sleepers. I think that silver prices crashing, a primary driver in the valuations of these, is more likely to happen than this group taking of in value simply because demand picks up relative to the large supply. If you want series that have truly limited supplies, look into much earlier type stuff like the early coppers or draped bust series. Here you will find dates were maybe only a few hundred or a couple thousand exist rather than literally vaults full of bank bags, like the govt dropped on the market with Morgans back in the 70s. Edited by Collects82 01/05/2022 05:01 am Report this Post to the Staff
nickelsearcher Moderator United States 15389 Posts	Posted 01/05/2022 05:44 am Please edit you topic title to reflect the content. It could be something like ' TPG Population Report on Morgan $ Question' The CCF users rely on topic titles to search for information and your current choice of 'I've been thinking about this for a while now' offers no information at all. Thanks Take a look at my other hobby ... http://www.jk-dk.art Edited by nickelsearcher 01/05/2022 05:45 am Report this Post to the Staff
thq Pillar of the Community United States 3342 Posts	Posted 01/05/2022 11:44 am The smaller number that exist, the more accurate the count. Coins that exist in the tens of thousands aren't scarce, or accurately counted. That includes the 1909-SVDB cent. And the 1882-1883-1884 CC Morgans, whose populations are very well documented at over 600,000 for each coin. They may well be the most common Morgans. It doesn't mean that these coins aren't avidly collected, at prices that seem outlandishly high. Scarcity doesn't necessarily create demand. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 01/05/2022 11:49 am Report this Post to the Staff
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