2021 Morgan Coin Value
Absolution
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I was very surprised that the value of these coins are not very popular. Can anyone speculate why this is the case? I was planning to keep 1 set per child of mine for a future investment but the value of these coins has me very concerned. The only thing I can think of is that the Morgan collector's don't care about this one off and most modern collectors' only care about the ASE coin sets.
Do you think despite the current value that these will have a good rate of return in the future?
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Value
Not popular.
I am assuming you are wondering why Demand hasn’t driven up Prices?
I dont think its an investment. On the bright side it will always be an ounce of silver.
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The 2021 Morgans and peace contain less than an ounce of silver
Most modern mint issues are not investments. If you want to invest for your childrens' future, open up mutual funds accounts for them.
The coins might be curiosities and might have some sentimental value to them, but that is probably about it.
Popularity is at a high right now. They sell out in minutes. Value? The only value is to those seeking profit from Type A's. I will either get them direct from the mint or wait several years when they're off the radar. Any decent rate of return would mainly come from a low mintage and I haven't looked at those numbers. Regardless, it wouldn't be better than other investments.
USAF veteran 1984-2005
Mintage. 175,000 each for the Morgan’s. 200,000 for the peace dollar. 875,000 total Morgan’s. That’s a few coins and in 22 they’ll make a bunch of proofs and then the comedy coins. Reverse proof and who knows what after that. Interesting 😉
. Maybe colorized. Ya that’s the ticket enhanced reverse proof colorized 😉
🎶 shout shout, let it all out 🎶
Mint products don’t really fade away, so the number out there now is the number that will be there 40 years from now. Will there be more collectors or less no one knows but there is a lot of hype now and that tends to die down. It is the low hype issues that gain a following that tend to stand the test of time
11.5$ Southern Dollars, The little “Big Easy” set
The best way to buy anything is to buy it as cheap as you can so any upside will be good. So let’s say you get in at $85.00 or even $100 then you sell for $130 or $165 your per unit price is a + or positive $65.00 so you do that 10 time you have some free sets so you have nothing but up and no worries if it goes down. Then just sit on them and thank the mint for your Christmas gift. Or sell all of it and buy what you want with the profit and thank the mint for your gift. Any profit is profit some are bigger then others but just be happy for what you have received, That is just me dumb Type2 thinking.
Hoard the keys.
For those that purchased from the Mint on the first go around and sold quickly there was value. After that, as we have seen with MANY Mint issues, you best have it and keep it because you want it.
My opinion is that they are not and should not be considered part of the Morgan series. I know others who feel otherwise, but as a collector of Morgan dollars, I would never consider it a part of the collection. I think they are severely overpriced. Cool for sure, but overpriced. Maybe the prices will sustain, maybe they will go higher, or maybe lower, but to me, just an ounce of silver.
0.858 ounceth of ye olde .999 silver 🙀
🎶 shout shout, let it all out 🎶
Pretty much exactly what you'd expect for a modern Mint product with a 200k mintage.
Doesn't matter whether classic Morgan collectors embrace them or not. 200k is a lot of coins.
But that's just me continuing to "hype" the coins... lmfao
I’m surprised at the sales figures
Way back when, I was betting on a flipping flop.
New mint release? Buy it because you want it not as an investment
Be happy the flippers are not returning thousands of these.
Combined, over 1,000,000 minted and sold.
And despite naysayers, prices are currently at least 50% above issue price just in the OGP.
PCGS Peace dollars are bringing double issue price in 69, 400% in 70.
Yeah, these are a flop with no future
--Severian the Lame
Yeah, they've done about as well a you could hope. But the future direction is also reasonably predictable.
While still above issue, they are well below the peak.
No future:
Their short term future is showing itself already. No soaring at all.
Had these legs, the pre-sales prices would have held through shipping
That’s what killed it didn’t see a coin for months. Still not a bad return price with all the bad talk going on. Just guess when they say it’s a set and we are going to sell them for the next 5 or 10 years. There will be some people looking for those 1st coins they could of got on the cheap. But that is just me dumb Type2 thinking.
Hoard the keys.
You are entitled to your opinion, however incorrect it may be.
Per the legislation, these are not commemorative coins and the mint can continue to strike them forever subject to the usual rules about dates and mintmarks.
So what are they if not NCLT?
ANA 50 year/Life Member (now "Emeritus")
I am certain my post did NOT claim them to be commemoratives. As for my opinion, please respect it rather than proclaiming how incorrect it is. You, too, have an opinion, and I respect that. Please note that opinions are neither correct nor incorrect.
No no. I’m saying these are commemoratives and the day you show me an early reverse proof 1878-1904- or 21 Morgan or peace dollars. The day those are announced I will be very interested in the justification of these as a continuation of the original series.
The lovely thing is that I have found room for several different views and the forum proves once again how diverse and inclusive it is. 😉🙀
🎶 shout shout, let it all out 🎶
I missed out on the o and cc initial offering. And the resale the other day. Ordered a o and cc ms70. Still on preorder.
Throw a coin enough times, and suppose one day it lands on its edge.
Why are they not investments (I mean for people who buy them in roll quantity or something)? Investment with little chance of holding value, perhaps. Bad investment, perhaps, but how can you claim it's not an investment?
Elite coins, like art, are as an “investment” as art
The rest of us are looking at coins trading as a hobby with ups and downs in valuations
Here we go...
Per the legislation they are commemoratives minted 100 years after the original series ended "to COMMEMORATE this significant evolution of American freedom". The coins are different in material, weight and not minted for circulation. They were described by a legislator that voted for the legislation saying "Today, we celebrated the 100th anniversary of the last Morgan Dollar minted in the U.S. It is only fitting that the Carson City Mint played such a significant role in numismatic history and in THIS COMMEMORATIVE Morgan Silver Dollar Coin Program". A mint official said "The 2021 Morgan and Peace dollars are differentiated from OTHER COMMEMORATIVE COINS because proceeds from their sale are not statutorily designated for a specific recipient group." He grouped them with other commemoratives with a distinction, the distinction being proceeds from the sale aren't targeted to a particular group.
You can, of course, "invest" in anything you want to.
The obvious implication in my comments was that they are not a good investment, because the implication in his scenario was that they were intended to be a good investment.
Buy plenty of life insurance and get everyone a nice $20 gold momento and a ase proof for birth years.
🎶 shout shout, let it all out 🎶
I acquired the CC privy Morgan just to add to my long ago completed CC Morgan set. I did not buy it as an investment, though certainly - in a sense - invested my money in the coin. It will not be sold - at least not by me. Cheers, RickO
https://www.govinfo.gov/content/pkg/COMPS-16119/pdf/COMPS-16119.pdf
or
https://www.congress.gov/116/bills/hr6192/BILLS-116hr6192eh.pdf (more official)
Wording says "honor" not "commemorate"
Later, yes, it uses the C- word...
Finally, the act provides a start but no sunset which is common for ordinary coins.
Note the inconsistency... the act says it REQUIRES the Secretary to issue coins, but the legislative wording says "may".
We've had many series of coins where the composition has changed --- 95% copper Lincoln Cents, Steel Cents in 1943, Shell Casing copper 1944-1946, revert to 95% copper until 1982 and now copper plated Zinc. Nobody says those aren't a single series to collect. Maybe subdivisions - Wheat and Memorial, but that's it. War Nickels. Indian Head cents. Silver+Clad Roosevelt Dimes, Washington Quarters, and Kennedy Halves...
ANA 50 year/Life Member (now "Emeritus")
While those composition changes took place they were still on circulating coins that were minted for commerce. @BStrauss3
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Hey Ricko- sometime when you are bored, would love to see pics of your set.
V/r
Mike
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Yet the 15,000,000 silver clad bicentennial Washington quarters were never issued for commerce. The 30,000,000 silver clad Ikes were never issued for commerce.
Yet this fewer-than-one-million addition to the Morgan Dollar series is questioned?
--Severian the Lame
@Weiss True about the Bicentennials, but they did have a circulating example for commerce that year. They weren't just made 100 years later and for 85 times the face amount.
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The "King of American Coins" was made 30 years later, back dated, and made just for collectors.
--Severian the Lame
I personally don't care if people want to consider it a coin or a commemorative. I will wait until the price comes way down before buying one.
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I’m still guessing
If they aren’t down around issue now, you’ve got a long wait … if
As you pointed out the wording in the legislation is "commemorate".
One of the legislators that signed the legislation acknowledged them as commemorative coins during a presentation of the coins at the Carson City Museum.
A mint official acknowledged them as commerative coins with a distinction but nevertheless a commerative coin.
In 1921 the Morgan series ended and was replaced by another circulation coin and the dollar coin series has continued to be replaced by other dollar coins.
The changes in material you alluded to were changes that occurred in coins that were of basically the same design and were issue the following year for circulation. Each of the changes in material you mentioned didn't end the Lincoln cent as the circulation penny. The change from silver to clad in 1965 didn't end the Washington quarter.
IMO the Mint pricing was pretty high on these - so they captured more of what would normally be the aftermarket value.
I dont see 'value' aka pricing increasing a ton on these due to this factor.
If the'd been $50-65 range, I think you'd get more interest and activity.
I could see aftermarket rates actually going down or holding mint pricing in the near-later term.
I'll buy them in a year or a two at melt. Same as it alvvays was!!!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
It was said the gold Kennedy would hit melt. They never have. These won’t either
Well some people are willing to "invest" their entire life savings in places that are far worse than these. FWIW, I suspect that after about 2041 these will always be worth at least issue price because the value of the coins will go down more slowly than inflation will push them back up. I wouldn't put many of these away, either. I'd rather put away a few Virginia Innobucks. Not expecting those to even hold their value after inflation, but the CBBT is really amazing!
How would people feel if the 2021 Morgan/Peace dollars were made of clad and for the purpose of circulation?
Does anyone remember the 1971 Brown Box Ikes at $10 each?... we were all going to get rich.
50 years later, they are finally selling for $11, above issue price!!!!!
ANA 50 year/Life Member (now "Emeritus")
If they were made for circulation that would be great they would cost $1 and there is nothing wrong with how clad coins look.
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It's too early to write off the 2021 Morgan/Peace dollars regarding their potential for appreciation. The 1995-W proof Silver Eagle was available for under $300 for months after the 30K mintage was announced. The 1991 bullion half-ounce Gold Eagle (mintage 24K) could easily be obtained for a long while for less than two hundred dollars above melt. Some coins are just late bloomers.
My Adolph A. Weinman signature
30,000 is not 875,000
I bought them because I like Morgan and Peace dollars, not to flip. I have always wondered what what one in 70 would look like. I've seen the pics of a Morgan in 69 and saw, in person, a Peace in 68 and always wondered what either in 70 would look like. It's the dreamer in me.
yep, high mintage. But if it were low we would be discussing how bad the mint is.
Repetition of ignorance is ignorance raised to the power two.
I feel the same way. I would love to see them made for circulation at the same size (not SBA size).