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 Replies: 9 / Views: 1,133 |
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Bedrock of the Community
United States
11880 Posts |
I see a few places that sell common date pre-1921 mixed date BU Morgan rolls for $1,100. All single common date, pre-1921 Morgan rolls are offered for $1,195 and 1921 BU Morgan Rolls can be had for about $795. Do these levels sound right to you? Recently I tried to put together a BU roll or two for less than $1,000. I came up with one for about $49.03 per coin on average or $980.60. But I also ended up with about 5 sliders. I paid about $40 each for those on average. Nice sliders so I don't mind keeping them. It was a lot of work and was wondering whether it is possible to buy true BU mixed date BU Morgan rolls for $1k or less. I guess that you can go to the large dealers, but it always seemed like you are going to get a bunch of sliders mixed in with the BU coins. It will also be a roll that's been picked over for any nicer coins, leaving the most unattractive ones behind. I had fun trying to pick up coins while surfing my phone on my couch. It is a little nerve-wracking to buy based on ridiculously bad pictures, but like Bump111 said, it's awesome waiting for little parcels to arrive with the anticipation that it may end up being an unexpected small treasure. It always seem like you're inconveniencing a busy dealer if you spend a long time looking at his/her inventory, and more often than not, you end up not buying anything. The internet seems so much more efficient where certain facebook, instagram, snapchat feeds seem to provide an unending stream of coins on offer. And you're less often wasting other people's time. So, am I doing it wrong? Can I buy mixed date BU Morgan dollar rolls for under $1,000 easily over the counter, maybe at shows? 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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Bedrock of the Community
United States
12057 Posts |
I used to be able to get ave circ pre-1921 rolls at $500-$525 each (G-VF, no culls) and could buy common date mixed BU (=MS63) rolls at $775 or thereabouts. That was back when silver was $10-$12 an ounce less than it is now. The most recent show I attended (TNA, June 2023) one of my favorite dealers was selling BU singles at $50 each and ave. circ. at $35 each (common dates pre-1921); 1921s and common date Peace dollars were $32 each. It's possible I could put together a roll of BU singles for $1000 and then receive a discount for the purchase, but I do a lot of business with these folks, too... I used to know a dealer who kept BU same-date rolls in stock but mostly they sold out quite a long time ago (if I remember they were 1883-O, 1884-O, and 1887-1889 P mints.) So yes, with some bargain hunting, you could possibly build/buy BU rolls for a little back of $50/coin, but they're all going to be common date coins and probably MS62-MS63, and they may have minor blemishes; they will certainly have been picked through for any major VAM's unless it's a strictly bullion dealer. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
 United States
11880 Posts |
Thanks paralyse. I was thinking they would be mostly 60-62 heavily bagmarked if they are even true unc. I wouldn't expect any choice BU in these rolls.
Seems like morgans had a smaller premium over spot, even in Unc but that premium seems to have widened.
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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Bedrock of the Community
United States
12057 Posts |
At a coin dealer I used to visit (who now is mostly bullion) I bought about 15 BU 1883-1889 Morgans for $35 each, that was back in 2018 IIRC
I posted the best 5 or 6 on CCF Grading and they were all 63-64 consensus. I mainly cherry-picked the ones with strong die clashes.
That same dealer now sells BU Morgans for $55 each and they are not nearly as nice as the ones I bought back then!
I should ring him up and ask what he's getting for circ rolls these days.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
2281 Posts |
It's all about who you know.
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Bedrock of the Community
United States
12057 Posts |
Price of Morgans has gone up even more above bullion thanks to the US Mint and outside companies hype generating with the 2021 Morgan and Peace dollars, and the increasing interest in PM's as a hedge against inflation. Silver's near $25 an ounce for the first time in a long time. Morgans have always been popular, and common dates are readily available in 63/64, but with silverbugs pushing the market, I think supplies are going to continue to tighten up. I've still got maybe 20 raw AU-BU's in Danscos, bought most of them at $30-$35 per coin, that's not happening anymore. Sold a circ pre-21 roll for a quick $500 on the barrel back in 2017, probably could get $700 or more for the same roll now without much trouble. (Not complaining too much, used that $500 to pick up a VG 1877 Indian Head cent, a nice MS/BN 1909 VDB woody, and an 1806 quarter with issues, all from the dealer that bought the roll.) I'd rather buy the dips if I was stacking, but these days, any 63-64 pre-1921 Morgan for less than $50 seems like a bargain. Crazy to think that, but that's the way it is. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
2637 Posts |
Showed this headline to LCS owner who deals wholesale with Morgans and Peace dollars. He says "it is easier than it was"--prices are getting softer. He also said that he could do it, but would not sell such a roll for such a price. |
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Bedrock of the Community
United States
11880 Posts |
Thanks for taking the trouble and reaching out to your local dealer.
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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New Member
United States
15 Posts |
Being pretty new, what's the difference in terms of desirability/value for a 20 coin roll of the same Morgans? I guess I mean if you have a roll of BUs, is there greater value in such a roll vs grading them? There is the expense of grading, but is there value in keeping them as a roll vs grading?
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New Member
United States
15 Posts |
Mostly asking because my dad passed down a portion of his collection to me. It's pretty much all rolls like that. All BU rolls of Morgans and Peace dollars. Some Franklin half years. A few could grade pretty high but if they don't I've just undone a complete roll. I guess I still have 20 though. |
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Replies: 9 / Views: 1,133 |
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Posted 11/27/2023 8:31 pm
