Is there a strong market for common date graded silver dollars?
DisneyFan
Posts: 2,066 ✭✭✭✭✭
Or are today's collectors only interested in the better dates?
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DisneyFan
Posts: 2,066 ✭✭✭✭✭
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The entire dollar market is relatively weak.
Everything seems weak except the better dates don't seem to have been hit as hard.
There is a strong market for any coins I am interested in...
I never see this 'down market' when seeking a coin...Cheers, RickO
No.
Common date Morgans and Peace Dollars with nice color are doing pretty well (definitely better than blast white at this moment).
No. I would not load up on them. They have seen their day. MS 65 generic dollars bid at $100 - will they slide down to $80 which is where generic 65 walkers are? Sitting on fence right now. With lower pop of collectors expect this material slide further.
Slabbed MS69 ASE a cheaper and much better deal plus have more silver and Lower pops too. I like the Mexico Libertads too.
Many players seeking nice slabbed gold (vintage or mod) they can pick out close to melt and will not pay say more than $25 for sticker assuming that coin nicer than others they viewing. Dealer next to me at a recent show sold dozens of NGC 69 AGB 1 oz close to melt. I believe he sold out of those. I bought some slabbed MS / PF 69 mod $5 Commems from about $20 over melt. These are beautiful coins.
Yet people still submit them in dumptruck quantities I bet.
People can do what they want with their money, even if the result is negative value of their silver dollars.
I witnessed a transaction yesterday between two dealers where 50 NCG and PCGS MS-63 graded pieces sold for less than the Blue Sheet prices. I looked at many of the coins. Most of them were common date S-Mint coins from 1879 to 1881. They had bright, vibrant luster and good eye appeal for the grade. The market is weak.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
The market reflects the rarity and thus the demand.
MORGANS ARE COMMON COINS !!
Back in the '70s, it wasn't unusual to find ...many... show tables that had near roll sets for sale.
My first recollection of pricing was $3 for regulars and $5 for prooflike.
Lots of rare Vams in those common dates!
There is generally not a strong market for anything that is "common". Something is needed to make them rare before they are worth much including: variety, toning, grade, etc.
There is a strong market for them "if" the price is right.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
I seem to remember a ad in Coin World during the Treasury sales of bags at $29,995 per ton.
it's crackers to slip a rozzer the dropsy in snide
In 1961 my bank manager offered me a bag of 1000 for face.
Slabbed MS69 ASE ?
NGC 69 AGB 1 oz ?
Sorry, what do these initials stand for?
American Silver Eagle
American Gold Bullion?
Please tell me you took him up on that!
It's nice to see honest posts.
Morgan Dollars are common coins!
As compared to? “Strong market” is a relative term.
AGB - American Gold Buffalo
ASE = American Silver Eagle
AGB = American Gold Buffalo
I think 63 and 64 dollars really cheap - about what it cost 2 people go out to dinner. Would not be surprised if MS65 bid dropped to $80 or $90. Will 66 bid drop?
You could be price conscious and with careful accumulation won't see much downside.
My plan is to accumulate around 100 examples in MS63 and MS64.
Eventually, if silver run up to $50 again then you would miss on some multiple expansion vs culls etc... but would still see a longterm profit.
To me they are a grading and learning tool.
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
Just what I needed to know, thanks for the information !!!
I have always …...not liked Morgans.
According to the Jan/Feb 2019 RCMR, there are 6,593 PCGS 1893-S Morgan Dollars in all grades. To me that is a common coin. Price Guide value is $735,000 in MS65. So I'd call that pretty strong.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
MS63 common Morgans are in the $45 range. MS64 in the $55 range and MS65 at about $100.
Dealers will offer maybe 20% back of that in quantity.
No there is not a strong market.