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NN: Are Morgan Dollar Prices Going Up? Good article by Patrick Heller.

GoldbullyGoldbully Posts: 16,823 ✭✭✭✭✭

This article should be of interest to the many Morgan collectors out there.


Are Morgan Dollar Prices Going Up?
Posted on July 2, 2020 by Pat Heller


In early 1989, there was the specter of possibly millions of dollars of “Wall Street-organized” rare coin investment funds entering the market to purchase large quantities of rare coins. Dealers and collectors scurried to “beat the rush” by creating a coin-buying frenzy. Prices rose significantly in anticipation of this “outside” money flowing into the numismatic market.

Looking back, the very top of the market occurred approximately during the major Long Beach convention at the beginning of June 1989. By mid-1989 doubts appeared as to whether this “investor” demand for PCGS- and NGC-certified U.S. coins would materialize. Some of the funds were never launched while others only drew a small fraction of the anticipated investor funding. The numismatic market stalled, then slowly started to retrench.

There are a great many U.S. coins that today are trading at price levels far below what they were 31 years ago. At the same time, there is also a lot of coins trading at higher prices, especially among gold issues as the gold spot price was just over $360 in early June 1989.

As part of my work, I have tracked several types and series of coins in various grades and of coin sets on how they have performed over time. The two most common benchmarks I used for my starting points are the June 2, 1989 issues of the Greysheet and Bluesheet wholesale price guides and the latest December 1998 issues of the various Greysheets and Bluesheets (before the first of the U.S. Statehood quarters was released in early 1999).

In my U.S. coin analyses, I have tried to identify the grades of coins that reflect better value than other dates of the same grades in the different series and of which coin types in various grades also appear to be the better values. For part of my analyses, I used prices in the early June 1989 market peak for reference.


Article continues here........ https://www.numismaticnews.net/article/are-morgan-dollar-prices-going-up-rare-coin-investment-funds

Comments

  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭

    Executive summary: Morgan prices will rise because spot silver will rise.

  • bidaskbidask Posts: 13,834 ✭✭✭✭✭

    His speculation is nothing new

    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Interesting.... I noticed only two CC Morgans ('80 & '82) that he enumerates as having lost significant value....and those in the MS66 range.... Cheers, RickO

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Yay! I have 3 !!!

  • 291fifth291fifth Posts: 23,898 ✭✭✭✭✭

    Another useless article on coins as an investment.

    All glory is fleeting.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    A great ......investment......would be coin TIMESHARES!

    B):)B):)

  • Cougar1978Cougar1978 Posts: 7,544 ✭✭✭✭✭

    Auctions for generic Morgan’s very strong on eBay. Have not been able win any below bid and it seems even difficult at $5 above bid. Seems like a fluke due to covid shutting down shows. One major auctioneer of these have wondered if shill bidding.

    However these are so common and someone trying tout them as investment does not add up.

    So Cali Area - Coins & Currency
  • pointfivezeropointfivezero Posts: 1,611 ✭✭✭✭✭

    Having been in the Morgan CC buyer's market for the past several months, I can confirm the prices are on the rise. Special mention to the 79-CC and 93-CC as being particularly hot. I realize these are tough dates but they have become even tougher over the past couple of months.

  • HashTagHashTag Posts: 374 ✭✭✭✭

    I own 8 GSA sets. One set contains 37 different coins. Not grades but VAMS. All certified and green bean. The 82-cc prices HAVE dropped a good deal in the past 5-7 years. EXCEPT VAMS and dealers still want stupid money for some of those. 8-10 years ago MS-66’s brought moon money but now are fairly common even a few MS-68’s. Eye appeal is king when buying GSA IN HARDCASES. All just IMHO.

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