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Thread Title: Greysheet bid is $111 for common date MS64 Morgans MS63 at $68 *Prices about to drop like a ROCK*
Created On Thursday March 31, 2011 5:46 AM
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fivecents
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Thursday March 31, 2011 5:46 AM

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These are being run up every week.

SELL SELL SELL. MS64 and below grades are about to drop like a rock along with silver prices.

May 6 2011 Greysheet bid prices:

Common date Morgan 1$:

MS66....$400

MS65....$215

MS64....$106

MS63....$68

Common date Peace 1$:

MS66...$580

MS65...$195

MS64...$95

MS63...$68



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Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

Edited: Sunday May 08, 2011 at 11:16 AM by fivecents

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Barndog
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Thursday March 31, 2011 5:52 AM

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maybe they won't level out? Maybe instead the bottom drops out.

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fivecents
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Thursday March 31, 2011 5:55 AM

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True. The bottom could drop out. The way the prices have gone up that could very well happen.

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Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

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WTCG
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Thursday March 31, 2011 5:56 AM

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At this very moment I have no problem paying that for white coins.

Of course if prices shoot up this fast they can suddenly decline just as fast. That is a very strong possibility.

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fivecents
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Thursday March 31, 2011 6:19 AM

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You know the Morgan market better than most Wei.

With $83 for MS64 Morgans even the strong hands will be selling everything they have I would think.

The common date MS65 Morgans at $163 they are not keeping pace with the MS63 MS64 price increases. This makes me think the MS63/64 price increases are due to the high greysheet prices for VG common date morgans at $31+.

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Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

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2manycoins2fewfunds
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Thursday March 31, 2011 6:54 AM

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You talk about a rising tide lifting all boats........................

At this moment, melt is $29 for Morgan and peace dollars.

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tydye
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Thursday March 31, 2011 7:19 AM

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Someone kick me now - I passed on about large lot of these last fall for $31 each. I mean like 100 or so of them. All PCGS MS64.

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fivecents
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Thursday March 31, 2011 7:32 AM

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That sucks Tydye.
I stopped buying the MS64 Morgans at $61 and thought I was paying too much then.


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Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

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BAJJERFAN
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Thursday March 31, 2011 7:34 AM

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Too bad you can't even give them away.

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PLASTIC!! It adds a "little" and forgives a "lot". When people hem and haw when I want good money for my stuff I just say. You know what? If I hadn't paid up for this coin I wouldn't have it to sell to you.

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fivecents
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Thursday March 31, 2011 7:39 AM

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<< Too bad you can't even give them away. >>

Board member WTCG just posted above he would pay full bid price for white coins Bajjerfan. The Morgans you had posted on the PCGS BSt were way over GS bid price.

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Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

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BAJJERFAN
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Thursday March 31, 2011 7:45 AM

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<<

<< Too bad you can't even give them away. >>

Board member WTCG just posted above he would pay full bid price for white coins Bajjerfan. The Morgans you had posted on the PCGS BSt were way over GS bid price.
>>



You have to look at the list. I'm not going to sell a 79 or 81-o or 21 in 65 for $80. Actually if you do the math at $1065 delivered, that is UNDER GSB [1090] from 3/11/10.

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PLASTIC!! It adds a "little" and forgives a "lot". When people hem and haw when I want good money for my stuff I just say. You know what? If I hadn't paid up for this coin I wouldn't have it to sell to you.

Edited: Thursday March 31, 2011 at 11:08 AM by BAJJERFAN

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CyStater
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Thursday March 31, 2011 8:31 AM

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Wow. I didn't realize they had gone up so high so fast. I've got a small cache (ten of each I think) of common date MS63 Morgans/Peace I socked away awhile ago. I'll have to dust them off and take a look at what I've got!

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robkool
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Thursday March 31, 2011 9:50 AM

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$40 bucks was my limit on these MS64's... And the last one I bought was in a pcgs ogh.

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roadrunner
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Thursday March 31, 2011 9:53 AM

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As long as silver stays up here in the high $30's so should those MS63 and MS64 Morgans. If silver goes to $50 what will those be at?

No doubt a lot of speculation going on here. One source told me that a lot of these are being purchased overseas because the dollar is
so weak against other currencies. They see our 125 yr old choice BU coins of the realm priced at $90 in MS64 and they think they are cheap
compared to what something comparable in their coinage might be. How many countries had the luxury of pounding out hundreds of millions of silver dollars from
cheap silver in the late 1800's to early 1900's? While our supply of choice BU Morgans is large, it's not inexhaustable compared to all the silver billion
in the world and still in the ground. A lot of dusty BU bags are being sent in for grading now because for the first time in 20 yrs it's very profitable to slab 63's and 64's.

roadrunner

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Edited: Thursday March 31, 2011 at 9:55 AM by roadrunner

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RedTiger
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Thursday March 31, 2011 9:57 AM

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<< $40 bucks was my limit on these MS64's... And the last one I bought was in a pcgs ogh. >>



I bought most of my widget Morgans years ago. I remember flinching when MS64s went to $46 GS ask. I bought a few at that price and it dropped back before this most recent climb. The most expensive common one I bought was $75 for a rimmed toned 1897 in a small white ANACS 64 holder when GS was about $50 and retail about $63. I wonder if I can get out even from that burial now?

My theory is that some of the big telemarketer firms are pumping these coins. If my theory is correct, some of their "select" clients might be paying 2x to 3x sheet for their prizes.



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ttown
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Thursday March 31, 2011 10:17 AM

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Well I should have purchased a boat load of theses. I've been out of the loop on Silver Dollars they've really done well considering collectors never thought they'd ever be worth very much. The $34 for common culled Peace Dollars thread woke me up, I wouldn't pay melt for those unless they keys or semi-keys

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fivecents
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Thursday March 31, 2011 10:51 AM

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I have been slowly buying WHITE PCGS/NGC MS63/64 common date Morgan and Walking liberty halfs since they were bid around $34 in MS64. Lately I stepped up my pace trading modern commemoratives and cash for MS63/64 Morgans and Peace dollars. Looked like a bad deal for me but it has paid off so far anyway.

Here is the other type of coins I have been hoarding since bid was $10 stopped buying at $16:



-------------------------
Hey homey.....Watch out for those PCGS Rattlers and "NO LINE" NGC Fatties.

"Eye appeal adds a little and forgives alot".

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rays
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Thursday March 31, 2011 10:58 AM

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When plastic slabs started GSB was over $500 for common date MS65 Morgans.

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roadrunner
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Thursday March 31, 2011 11:57 AM

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<< When plastic slabs started GSB was over $500 for common date MS65 Morgans. >>



And a decent portion of those early 65's would probably grade 66 or possibly even 67 today.

roadrunner

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mkman123
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Thursday March 31, 2011 2:52 PM

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I don't buy any morgans or peace due to fear of chinese fakes, both raw and slabbed

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