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What is the going buy/sell price for cull Morgan Dollars?

291fifth291fifth Posts: 24,670 ✭✭✭✭✭

Do the culls bring a premium over melt value?

All glory is fleeting.

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  • calgolddivercalgolddiver Posts: 1,551 ✭✭✭✭✭

    nope

    Top 20 Type Set 1792 to present

    Top 10 Cal Fractional Type Set

    successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)

  • thisnamztakenthisnamztaken Posts: 4,101 ✭✭✭✭✭

    Current spot silver ask price is $25.12/oz., so probably a bit more than that.

    I never thought that growing old would happen so fast.
    - Jim
  • rec78rec78 Posts: 5,860 ✭✭✭✭✭
    edited January 11, 2021 4:30PM

    @thisnamztaken said:
    Current spot silver ask price is $25.12/oz., so probably a bit more than that.

    There is not 1 ounce of silver in a silver dollar. At the current price of $25.11 per ounce, according to coinflation there is $19.42 worth of silver in a Morgan dollar. And if they are culls you would most likely get less then that for them (For common dates). I would say $18 to $19. If you get a dealer that works on a low margin, you could probably buy common date culls for $20-$21 each.

    image
  • ambro51ambro51 Posts: 13,941 ✭✭✭✭✭

    It’s truly amazing any survive after the run ups over the last decades. I pushed out a Lot of silver, sold on the $50 day, for once got the timing right.

  • thebeavthebeav Posts: 3,899 ✭✭✭✭✭

    I've seen buy prices on culls lately at 21.00.

  • PTVETTERPTVETTER Posts: 6,015 ✭✭✭✭✭

    Culls bring from the larger dealers about $20.00 with a $300.00 min.
    Approved dealers they ask for the following EIN, State resale lic. and banking information.
    So local dealers pay a bit less to make a profit.

    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • jmlanzafjmlanzaf Posts: 36,297 ✭✭✭✭✭
    edited January 11, 2021 5:17PM

    @calgolddiver said:
    nope

    On what do you base this?

    Local market maker is buying at $21.75 and selling at $23.75

  • jdimmickjdimmick Posts: 9,772 ✭✭✭✭✭
    edited January 11, 2021 7:24PM

    My wholesaler pays 19

    I might add , last week guy comes in the shop looking for low grade cull dollars, said he pay 10.00 , I said, man i sure wish I had some

  • jmlanzafjmlanzaf Posts: 36,297 ✭✭✭✭✭
    edited January 11, 2021 7:24PM

    @jdimmick said:
    My wholesaler pays 19

    cheapskate. LOL

    I think he's a sub-wholesaler. He can flip them to my guy at $21.75

  • CoinHoarderCoinHoarder Posts: 2,618 ✭✭✭✭✭
    edited January 11, 2021 8:25PM

    @291fifth said:
    Do the culls bring a premium over melt value?

    In my neck of the woods, cull Morgan’s have always sold at a premium over melt value.

    I would guess that currently, culls, or decent circulated common date Morgans, are probably going for between $23. and $25.

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    edited January 12, 2021 7:56AM

    From what I am seeing (net sites), all culls have a premium over melt... not including tax/shipping. The local antique shops with Morgans, are charging 5x melt for culls.... I guess some people buy them, not knowledgeable people though. Cheers, RickO

  • 291fifth291fifth Posts: 24,670 ✭✭✭✭✭

    @ricko said:
    From what I am seeing (net sites), all culls have a premium over melt... not including tax/shipping. The local antique shops with Morgans, are charging 5x melt for culls.... I guess some people buy them, not knowledgeable people though. Cheers, RickO

    My experience with antique shops with collector coins is that they are a waste of time. Everything is severely overpriced.

    All glory is fleeting.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @291fifth.... And yet... they do sell...obviously not to knowledgeable collectors. Just like the television hucksters...there is a market. Sad. Cheers, RickO

  • DelawareDoonsDelawareDoons Posts: 3,413 ✭✭✭✭✭

    21.50 on pre-'21 and 20.50 on '21 from the guy I use.

    "It's like God, Family, Country, except Sticker, Plastic, Coin."

  • vplite99vplite99 Posts: 1,365 ✭✭✭✭✭

    @jdimmick said:
    My wholesaler pays 19

    I might add , last week guy comes in the shop looking for low grade cull dollars, said he pay 10.00 , I said, man i sure wish I had some

    I'm sure that's what you told him while thinking...

    Vplite99

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