That said, I do wish that they produced uncs with better luster than what they do now.
With the reduced minting force needed on pure silver, and the fact that they are pure silver, I don't think we'll ever see classic cartwheel Morgan luster on these. I hope I'm wrong.
@RichR said:
[But I appreciate you admitting that your snap judgment is likely wrong.]
Unless you're ready to admit the same re your statements...I'm not admitting anything of the sort.
But I respect everyone's opinion...be they right or wrong.
I didn't make a snap judgment or a judgment at all. I pointed out the modern history of Mint products.
As I always say, my crystal ball is forever broken. But any argument that contains "it's different this time" is immediately suspect.
They removed the HHL. Anyone who wants can go buy 100 or 1000or 10,000. But they still aren't sold out. I'll save you the history lesson on Mint releases that meet those criteria.
@Pumpkinhead said:
Don’t forget these were released mid-August. Telemarketers will undoubtedly continue to promote these coins (they do look stunning even on a small screen 😊) throughout the fall and into the holidays. I certainly wouldn’t “count them out” just yet…
Those who fail to read history are doomed to repeat it.
Telemarketers and TV promoters have never created long term increases in interest or price. They simply redistribute the excess into weak hands. Ultimately, those weakly held coins become market surplus.
Well here it goes Or not!
My Peace order got to USPS in Texas yesterday but still no departed entry yet. Now it says moving thru the network which means it is NOT moving . When it actually starts moving it will say departed Tx facility. Looks like the August backup is spreading across the country.
" If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
@coiner said:
Saw both proof dollars in hand at the ANA show on August 9th. They are absolutely beautiful in hand.
I have no doubt the market will suck all 400,000 of each up within a month.
These will be very popular.
Maybe 350,000 is the limit of their popularity.
Mint releases that don't immediately sell out do not have good track records. Even most of the ones that do immediately sell out have poor track records.
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
@coiner said:
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
Maybe. Maybe not. Depends on what the supply overhang is. The HHL was not one. Depending on how many people bought multiple, you could be under issue price in 2023. I wouldn't expect it to be well under issue price, but it might get down to 70ish.
And "the first" does not do well for conmems. We discussed this in 2021. A LOT of traditional collectors do not see these as part of the original series.
And how do 1986 proof ASEs fare relative to the other years in that series?
My crystal ball is broken. But I flip everything and I don't mind speculation. But there's a reason ib only bought one of each.
@coiner said:
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
Maybe. Maybe not. Depends on what the supply overhang is. The HHL was not one. Depending on how many people bought multiple, you could be under issue price in 2023. I wouldn't expect it to be well under issue price, but it might get down to 70ish.
I agree that when looking at supply-demand for the proofs that the scale seems tipped toward oversupply at this point. However, one mitigating factor could be the relative demand to hold a graded PR70. And, if these proofs have a lowish rate of 70s, that reduces supply. The early population data suggests that these proofs will not have a high rate of 70s (not as low as 2012-D Morgans, but likely not in the 90% range).
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@badhop55 said:
Or you can get a bunch (no limit) at the mint.
Morgan Silver Dollar Proof Coin
SAN FRANCISCO (S)
Morgan and Peace Silver Dollars
Current Product
Subscribe And Get Free Shipping
$80.00
Quantity
1
Add to Bag
Item Number: 23XF
Mintage Limit: 400,000
Product Limit: 400,000
Household Order Limit: None
Except you would have to mail them to the grading organization opposed to just dropping them at the show….
Since I last checked at 8/10 @10:00pm PDT, the stocklevel for the Morgan proof has declined only 1,522 pieces, and the Peace proof has declined only 1,389 pieces.
.
Availability is at 38,127 for the Morgan proof and 50,654 for the Peace proof at ~74 hours after release.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
I'm still surprised that the Peace proof is still available.......
In my opinion it's the most beautiful silver coin this year.
I already ordered 10 Peace proof coins, I will be adding another 10 in my next credit card cycle.
@SilverPlatinum said:
I'm still surprised that the Peace proof is still available.......
In my opinion it's the most beautiful silver coin this year.
I already ordered 10 Peace proof coins, I will be adding another 10 in my next credit card cycle.
If it's the most beautiful coin ever made but only 300,000 people want them...
They don't have to be a bad coin to simply have more supply than demand.
I received my Morgan and Peace Proofs today. I am really disappointed in the QC at the Mint. Both coins have filth/debris on the inside of the capsule. Check out the left side on the reverse of both coins.
@SilverPlatinum said:
I'm still surprised that the Peace proof is still available.......
In my opinion it's the most beautiful silver coin this year.
I already ordered 10 Peace proof coins, I will be adding another 10 in my next credit card cycle.
If it's the most beautiful coin ever made but only 300,000 people want them...
They don't have to be a bad coin to simply have more supply than demand.
To be fair, SilverPlatinum did say “In my opinion”. It’s just like my opinion that the 2023 American Liberty High Relief gold coin is beautiful.
I retrieved my Morgan from the mailbox this morning as my wife and I were pulling out of the driveway, and tossed the unopened package into the back seat.
This afternoon, I stopped in the coin shop in the next town north of me to pick up a pair of Carson City Morgans I'd been eyeing. The dealer and I cut the tape on the 2023 Morgan and he liked it so much that I let him have it for the $80 I paid for it. Easy come, easy go. Lol!
@M4Madness said:
I retrieved my Morgan from the mailbox this morning as my wife and I were pulling out of the driveway, and tossed the unopened package into the back seat.
This afternoon, I stopped in the coin shop in the next town north of me to pick up a pair of Carson City Morgans I'd been eyeing. The dealer and I cut the tape on the 2023 Morgan and he liked it so much that I let him have it for the $80 I paid for it. Easy come, easy go. Lol!
If he made you a discount for the pair of Carson City Morgans then that is fair trade, otherwise you have saved him the shipping cost.......
@UpGrayedd said:
I received my Morgan and Peace Proofs today. I am really disappointed in the QC at the Mint. Both coins have filth/debris on the inside of the capsule. Check out the left side on the reverse of both coins.
I agree but in the grand scheme of things, if all that is wrong with those beautiful coins is debris, open the capsule, blow the coin clean and consider yourself lucky… especially with some of the defects we’ve seen in the uncirculated coins.
@SilverPlatinum said:
I'm still surprised that the Peace proof is still available.......
In my opinion it's the most beautiful silver coin this year.
I already ordered 10 Peace proof coins, I will be adding another 10 in my next credit card cycle.
If it's the most beautiful coin ever made but only 300,000 people want them...
They don't have to be a bad coin to simply have more supply than demand.
To be fair, SilverPlatinum did say “In my opinion”. It’s just like my opinion that the 2023 American Liberty High Relief gold coin is beautiful.
I didn't argue with his opinion. But beauty had little to do with whether or sells out or not. Same with the High Relief. It may be beautiful but also never sell out and never increase in value.
@M4Madness said:
I retrieved my Morgan from the mailbox this morning as my wife and I were pulling out of the driveway, and tossed the unopened package into the back seat.
This afternoon, I stopped in the coin shop in the next town north of me to pick up a pair of Carson City Morgans I'd been eyeing. The dealer and I cut the tape on the 2023 Morgan and he liked it so much that I let him have it for the $80 I paid for it. Easy come, easy go. Lol!
If he made you a discount for the pair of Carson City Morgans then that is fair trade, otherwise you have saved him the shipping cost.......
@M4Madness said:
I retrieved my Morgan from the mailbox this morning as my wife and I were pulling out of the driveway, and tossed the unopened package into the back seat.
This afternoon, I stopped in the coin shop in the next town north of me to pick up a pair of Carson City Morgans I'd been eyeing. The dealer and I cut the tape on the 2023 Morgan and he liked it so much that I let him have it for the $80 I paid for it. Easy come, easy go. Lol!
If he made you a discount for the pair of Carson City Morgans then that is fair trade, otherwise you have saved him the shipping cost.......
I used the free shipping option, and still had it two days after it mailed out from Memphis. I'm sure he would have opted for the same method.
After I put in the subscription for it, I had buyer's remorse. I told the dealer today that I had it in the car and that we'd unbox it and check it out together. Today was only the second time that my wife and I have been in that shop, but we thoroughly enjoy talking to the guy -- he's an older Cuban gentleman who has no problem with spending an hour visiting with you, even if you don't make a purchase. He'd already given me a very fair price on the Morgans, so I had no problem offering it to him to build a good rapport, as I'm sure I'll do business with him again.
@coiner said:
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
Maybe. Maybe not. Depends on what the supply overhang is. The HHL was not one. Depending on how many people bought multiple, you could be under issue price in 2023. I wouldn't expect it to be well under issue price, but it might get down to 70ish.
And "the first" does not do well for conmems. We discussed this in 2021. A LOT of traditional collectors do not see these as part of the original series.
And how do 1986 proof ASEs fare relative to the other years in that series?
My crystal ball is broken. But I flip everything and I don't mind speculation. But there's a reason ib only bought one of each.
Gonna be the ultimate Christmas/Holiday gift. These will go. Be patient. Everyone expects same day/ one hour sellouts. Calm down. Everything will be fine. The Morgan proof might have the slight edge over the Peace proof—but I don’t see anyone having an issue getting $90-$95 for these in short order.
Remember—all the naysayers on the 2021’s….875,000 Morgans across 5 different MM/Privy’s….saying that was waaaay too many; well you can sell these today raw for $120 wholesale dealer to dealer for the P mint—more for the others.
@coiner said:
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
Maybe. Maybe not. Depends on what the supply overhang is. The HHL was not one. Depending on how many people bought multiple, you could be under issue price in 2023. I wouldn't expect it to be well under issue price, but it might get down to 70ish.
And "the first" does not do well for conmems. We discussed this in 2021. A LOT of traditional collectors do not see these as part of the original series.
And how do 1986 proof ASEs fare relative to the other years in that series?
My crystal ball is broken. But I flip everything and I don't mind speculation. But there's a reason ib only bought one of each.
Gonna be the ultimate Christmas/Holiday gift. These will go. Be patient. Everyone expects same day/ one hour sellouts. Calm down. Everything will be fine. The Morgan proof might have the slight edge over the Peace proof—but I don’t see anyone having an issue getting $90-$95 for these in short order.
Remember—all the naysayers on the 2021’s….875,000 Morgans across 5 different MM/Privy’s….saying that was waaaay too many; well you can sell these today raw for $120 wholesale dealer to dealer for the P mint—more for the others.
Could you cite one example where that has ever happened?
Proofs ALWAYS have more demand.
ALWAYS. You know this. We don’t have to school you.
Let’s go back to the 2001 Buffalo commem. Roughly 500,000 coins between proof and unc; 275,000 unc. Arguably there are many more Morgan collectors than Buffalo nickels, and even at that a commem nickel in dollar size. Took at least 10 days to sell out once internet sales opened.
As for the 2021 dollars, look anywhere, buy prices in the 120+ area for the most common mm
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
What are you going to do with all those Morgan and Peace dollars you get?
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
What are you going to do with all those Morgan and Peace dollars you get?
=20% will go as "Birthday gifts" and "Christmas gifts" for my young nieces and nephews this year.
=40% will be sold during my retirement period later in life.
=40% will be left for my heirs (nieces and nephews and their children) so they thank me when I'm in heaven.
@coiner said:
Proofs ALWAYS have more demand.
ALWAYS. You know this. We don’t have to school you.
Let’s go back to the 2001 Buffalo commem. Roughly 500,000 coins between proof and unc; 275,000 unc. Arguably there are many more Morgan collectors than Buffalo nickels, and even at that a commem nickel in dollar size. Took at least 10 days to sell out once internet sales opened.
As for the 2021 dollars, look anywhere, buy prices in the 120+ area for the most common mm
I think I gave you an example. Unless you missed it. Be clear in your question instead of just posting anything to pump your # of posts.
Remember, credibility is not determined by your number of posts 😀
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
You won’t be the only one either buying more. The coins are just that nice.
If you want more examples of “the first” with moderns:
How about:
1) 1999 Silver Proof Set
2) 1999 Delaware state quarter mini bag
3) 2008-w Fractional Buffalo gold ( although the only fractional issues; these will always hold on to value even if more fractional are offered)
4) 2001 Buffalo Commem Dollars (Proof and Unc) 500,000 combined
5) 2009 UHR $20 Gold (these are always higher prices than issue- even though the bottom feeders have been saying for years they will wait to buy at melt…….guess who is still waiting)
6) 2021 Commem Morgan and Peace Dollars in UNC—875,000 Morgan Uncs all still valued above 120+
How many more would you like of the “firsts” being valued more than subsequent (outside of low mintage anomolies)?
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
What are you going to do with all those Morgan and Peace dollars you get?
=20% will go as "Birthday gifts" and "Christmas gifts" for my young nieces and nephews this year.
=40% will be sold during my retirement period later in life.
=40% will be left for my heirs (nieces and nephews and their children) so they thank me when I'm in heaven.
They'd thank you more if you bought them a mutual fund with the extra money.
@coiner said:
If you want more examples of “the first” with moderns:
How about:
1) 1999 Silver Proof Set
2) 1999 Delaware state quarter mini bag
3) 2008-w Fractional Buffalo gold ( although the only fractional issues; these will always hold on to value even if more fractional are offered)
4) 2001 Buffalo Commem Dollars (Proof and Unc) 500,000 combined
5) 2009 UHR $20 Gold (these are always higher prices than issue- even though the bottom feeders have been saying for years they will wait to buy at melt…….guess who is still waiting)
6) 2021 Commem Morgan and Peace Dollars in UNC—875,000 Morgan Uncs all still valued above 120+
How many more would you like of the “firsts” being valued more than subsequent (outside of low mintage anomolies)?
None of those followed the trajectory you suggested. All of those coins were immediately higher and sold out quickly.
And despite that, many of those have dropped in value since their peak right after sell out.
I can't think of a single Mint product that had a delayed surge in popularity that created a late sell out and a price surge. The only thing close was the 95W but even that didn't have a delayed sellout. It was just ignored during the initial ordering period and ended up with a very low mintages (orders of magnitude below 400,000).
Buy them. Love them. But don't make predictions based on love.
It is kind of ironic. When I want to talk about the concept of a VaultBox, I'm "promoting it" to the detriment of the uninformed. Even though i never told anyone to buy one. But when I use history and facts to try and temper the enthusiasm of people who are actively hyping the coin, I'm a "troll".
Anyone want to lock in a September 2024 purchase? You promise to buy at $85 in September 2024 and I will promise to deliver at that price no matter what the market price is.
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
What are you going to do with all those Morgan and Peace dollars you get?
=20% will go as "Birthday gifts" and "Christmas gifts" for my young nieces and nephews this year.
=40% will be sold during my retirement period later in life.
=40% will be left for my heirs (nieces and nephews and their children) so they thank me when I'm in heaven.
They'd thank you more if you bought them a mutual fund with the extra money.
That wont work as I have nieces and nephews in at least 5 countries around the world "so far". So Gold/Silver is the only universal money which would work.
@coiner said:
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof.
What are you going to do with all those Morgan and Peace dollars you get?
=20% will go as "Birthday gifts" and "Christmas gifts" for my young nieces and nephews this year.
=40% will be sold during my retirement period later in life.
=40% will be left for my heirs (nieces and nephews and their children) so they thank me when I'm in heaven.
They'd thank you more if you bought them a mutual fund with the extra money.
That wont work as I have nieces and nephews in at least 5 countries around the world "so far". So Gold/Silver is the only universal money which would work.
I only say that because I see estates all the time and heirs have a tendency to immediately sell anyway.
A non-US resident can still inherit a mutual fund, by the way.
Interestingly, over the past 24 hours, the Morgan and Peace proofs sales stocklevelincreased by 10,822 and 7.831, respectively!
My guess is that the increases in availability are likely due to some early returns, and any unsold coins at the ANA show.
.
The current sales stocklevel for the Morgan and Peace proofs of 48,949 and 58,485, respectively, represent a net reduction of availability of only 22,295 and 19,739, respectively, since shortly after the 8/9 noon EDT release!
.
Steve Palladino - Ike Group member - DIVa (Designated Ike Varieties) Project co-lead and attributor
@coiner said:
I think I gave you an example. Unless you missed it. Be clear in your question instead of just posting anything to pump your # of posts.
Remember, credibility is not determined by your number of posts 😀
I sold my 2021 coins for $150+ when they came out. So again, the trajectory for late sell outs tends to be down.
The Buffaloes have also been flat since the sell out.
1999 silver sets were $200+ in 1999.
Delaware quarter bags have come WAY down since 2000.
All of your examples do exactly what I said, peak shortly after sell out and go down. And almost all of those sold out instantly.
The only thing that might fit the bill is the Buffalo, at least in terms of a delayed sell out.
400,000 is simply too many.
Nothing against the coin. Nothing wrong with owning it. But hyping it with predictions of a future run up is without precedent.
Again, I don't expect them to crash below $70ish. But expecting them to increase is HIGHLY speculative.
Comments
With the reduced minting force needed on pure silver, and the fact that they are pure silver, I don't think we'll ever see classic cartwheel Morgan luster on these. I hope I'm wrong.
I didn't make a snap judgment or a judgment at all. I pointed out the modern history of Mint products.
As I always say, my crystal ball is forever broken. But any argument that contains "it's different this time" is immediately suspect.
They removed the HHL. Anyone who wants can go buy 100 or 1000or 10,000. But they still aren't sold out. I'll save you the history lesson on Mint releases that meet those criteria.
Those who fail to read history are doomed to repeat it.
Telemarketers and TV promoters have never created long term increases in interest or price. They simply redistribute the excess into weak hands. Ultimately, those weakly held coins become market surplus.
Well here it goes Or not!
My Peace order got to USPS in Texas yesterday but still no departed entry yet. Now it says moving thru the network which means it is NOT moving . When it actually starts moving it will say departed Tx facility. Looks like the August backup is spreading across the country.
Will we see a rash of Unc 69's in the up and coming weeks?
94% MS70 is a lofty height at this juncture.
Have things changed now with modern grading of CNC manufactured coins?
Could the future be nothing but 70's?
Don’t underestimate the proofs.
Remember they are the FIRST PROOFs of the “new series”
The first always does well. This coin will not make you rich; but it will hold its own and will be over issue for the foreseeable future.
Maybe. Maybe not. Depends on what the supply overhang is. The HHL was not one. Depending on how many people bought multiple, you could be under issue price in 2023. I wouldn't expect it to be well under issue price, but it might get down to 70ish.
And "the first" does not do well for conmems. We discussed this in 2021. A LOT of traditional collectors do not see these as part of the original series.
And how do 1986 proof ASEs fare relative to the other years in that series?
My crystal ball is broken. But I flip everything and I don't mind speculation. But there's a reason ib only bought one of each.
My Peace is coming today; Morgan scheduled for Monday.
Received my single peace and Morgan from Memphis today. My three of each are in transit from Coppell Tx. Why two distribution centers?
I agree that when looking at supply-demand for the proofs that the scale seems tipped toward oversupply at this point. However, one mitigating factor could be the relative demand to hold a graded PR70. And, if these proofs have a lowish rate of 70s, that reduces supply. The early population data suggests that these proofs will not have a high rate of 70s (not as low as 2012-D Morgans, but likely not in the 90% range).
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
Except you would have to mail them to the grading organization opposed to just dropping them at the show….
My Morgan arrived today. Not bad for the free shipping option.
My Carson City Morgan Registry Set
Since I last checked at 8/10 @10:00pm PDT, the stocklevel for the Morgan proof has declined only 1,522 pieces, and the Peace proof has declined only 1,389 pieces.
.
Availability is at 38,127 for the Morgan proof and 50,654 for the Peace proof at ~74 hours after release.
- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
I'm still surprised that the Peace proof is still available.......
In my opinion it's the most beautiful silver coin this year.
I already ordered 10 Peace proof coins, I will be adding another 10 in my next credit card cycle.
If it's the most beautiful coin ever made but only 300,000 people want them...
They don't have to be a bad coin to simply have more supply than demand.
Mine arrived yesterday.
My Jefferson nickel registry
https://www.pcgs.com/setregistry/alltimeset/188986
My classic commemorative registry
https://www.pcgs.com/setregistry/alltimeset/255614
I received my Morgan and Peace Proofs today. I am really disappointed in the QC at the Mint. Both coins have filth/debris on the inside of the capsule. Check out the left side on the reverse of both coins.
Philippians 4:4-7
To be fair, SilverPlatinum did say “In my opinion”. It’s just like my opinion that the 2023 American Liberty High Relief gold coin is beautiful.
I retrieved my Morgan from the mailbox this morning as my wife and I were pulling out of the driveway, and tossed the unopened package into the back seat.
This afternoon, I stopped in the coin shop in the next town north of me to pick up a pair of Carson City Morgans I'd been eyeing. The dealer and I cut the tape on the 2023 Morgan and he liked it so much that I let him have it for the $80 I paid for it. Easy come, easy go. Lol!
My Carson City Morgan Registry Set
If he made you a discount for the pair of Carson City Morgans then that is fair trade, otherwise you have saved him the shipping cost.......
I agree but in the grand scheme of things, if all that is wrong with those beautiful coins is debris, open the capsule, blow the coin clean and consider yourself lucky… especially with some of the defects we’ve seen in the uncirculated coins.
I didn't argue with his opinion. But beauty had little to do with whether or sells out or not. Same with the High Relief. It may be beautiful but also never sell out and never increase in value.
Not if he has free loyalty shipping.
[Both coins have filth/debris on the inside of the capsule.]
"FILTH"...my mom's favorite word...usually to describe an R rated movie!!!
I used the free shipping option, and still had it two days after it mailed out from Memphis. I'm sure he would have opted for the same method.
After I put in the subscription for it, I had buyer's remorse. I told the dealer today that I had it in the car and that we'd unbox it and check it out together. Today was only the second time that my wife and I have been in that shop, but we thoroughly enjoy talking to the guy -- he's an older Cuban gentleman who has no problem with spending an hour visiting with you, even if you don't make a purchase. He'd already given me a very fair price on the Morgans, so I had no problem offering it to him to build a good rapport, as I'm sure I'll do business with him again.
My Carson City Morgan Registry Set
Gonna be the ultimate Christmas/Holiday gift. These will go. Be patient. Everyone expects same day/ one hour sellouts. Calm down. Everything will be fine. The Morgan proof might have the slight edge over the Peace proof—but I don’t see anyone having an issue getting $90-$95 for these in short order.
Remember—all the naysayers on the 2021’s….875,000 Morgans across 5 different MM/Privy’s….saying that was waaaay too many; well you can sell these today raw for $120 wholesale dealer to dealer for the P mint—more for the others.
Could you cite one example where that has ever happened?
Proofs ALWAYS have more demand.
ALWAYS. You know this. We don’t have to school you.
Let’s go back to the 2001 Buffalo commem. Roughly 500,000 coins between proof and unc; 275,000 unc. Arguably there are many more Morgan collectors than Buffalo nickels, and even at that a commem nickel in dollar size. Took at least 10 days to sell out once internet sales opened.
As for the 2021 dollars, look anywhere, buy prices in the 120+ area for the most common mm
The market will absorb these proof dollars. All of them.
People are receiving them now, they will see how beautiful they are and may order more.
That includes me
I ordered 10 Peace proof and Morgan, and on my next Credit Card cycle I will be ordering another 10 Peace Proof.....I just love this Peace proof. 
What are you going to do with all those Morgan and Peace dollars you get?
=20% will go as "Birthday gifts" and "Christmas gifts" for my young nieces and nephews this year.
=40% will be sold during my retirement period later in life.
=40% will be left for my heirs (nieces and nephews and their children) so they thank me when I'm in heaven.
That doesn't answer my question.
I think I gave you an example. Unless you missed it. Be clear in your question instead of just posting anything to pump your # of posts.
Remember, credibility is not determined by your number of posts 😀
You won’t be the only one either buying more. The coins are just that nice.
If you want more examples of “the first” with moderns:
How about:
1) 1999 Silver Proof Set
2) 1999 Delaware state quarter mini bag
3) 2008-w Fractional Buffalo gold ( although the only fractional issues; these will always hold on to value even if more fractional are offered)
4) 2001 Buffalo Commem Dollars (Proof and Unc) 500,000 combined
5) 2009 UHR $20 Gold (these are always higher prices than issue- even though the bottom feeders have been saying for years they will wait to buy at melt…….guess who is still waiting)
6) 2021 Commem Morgan and Peace Dollars in UNC—875,000 Morgan Uncs all still valued above 120+
How many more would you like of the “firsts” being valued more than subsequent (outside of low mintage anomolies)?
The Proof Morgan and Peace will follow the same pattern once they are absorbed into the market over the next month
https://us.v-cdn.net/cdn-cgi/image/fit=scale-down,width=800/https://media.tenor.com/Cr3pCSjPWEIAAAAC/gif.gif
I got my proof peace on the 11th, BUT MY MORGANS HAVEN’T COME YET!!!!!
Type collector, mainly into Seated. -formerly Ownerofawheatiehorde. Good BST transactions with: mirabela, OKCC, MICHAELDIXON, Gerard
They'd thank you more if you bought them a mutual fund with the extra money.
None of those followed the trajectory you suggested. All of those coins were immediately higher and sold out quickly.
And despite that, many of those have dropped in value since their peak right after sell out.
I can't think of a single Mint product that had a delayed surge in popularity that created a late sell out and a price surge. The only thing close was the 95W but even that didn't have a delayed sellout. It was just ignored during the initial ordering period and ended up with a very low mintages (orders of magnitude below 400,000).
Buy them. Love them. But don't make predictions based on love.
I wouldn't call them trolls. They just really like the coins.
It is kind of ironic. When I want to talk about the concept of a VaultBox, I'm "promoting it" to the detriment of the uninformed. Even though i never told anyone to buy one. But when I use history and facts to try and temper the enthusiasm of people who are actively hyping the coin, I'm a "troll".
It might just be me. Or it might just be YOU.
Anyone want to lock in a September 2024 purchase? You promise to buy at $85 in September 2024 and I will promise to deliver at that price no matter what the market price is.
That wont work as I have nieces and nephews in at least 5 countries around the world "so far". So Gold/Silver is the only universal money which would work.
I only say that because I see estates all the time and heirs have a tendency to immediately sell anyway.
A non-US resident can still inherit a mutual fund, by the way.
Interestingly, over the past 24 hours, the Morgan and Peace proofs sales stocklevel increased by 10,822 and 7.831, respectively!
My guess is that the increases in availability are likely due to some early returns, and any unsold coins at the ANA show.
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The current sales stocklevel for the Morgan and Peace proofs of 48,949 and 58,485, respectively, represent a net reduction of availability of only 22,295 and 19,739, respectively, since shortly after the 8/9 noon EDT release!
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- Ike Group member
- DIVa (Designated Ike Varieties) Project co-lead and attributor
I sold my 2021 coins for $150+ when they came out. So again, the trajectory for late sell outs tends to be down.
The Buffaloes have also been flat since the sell out.
1999 silver sets were $200+ in 1999.
Delaware quarter bags have come WAY down since 2000.
All of your examples do exactly what I said, peak shortly after sell out and go down. And almost all of those sold out instantly.
The only thing that might fit the bill is the Buffalo, at least in terms of a delayed sell out.
400,000 is simply too many.
Nothing against the coin. Nothing wrong with owning it. But hyping it with predictions of a future run up is without precedent.
Again, I don't expect them to crash below $70ish. But expecting them to increase is HIGHLY speculative.