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Morgan prices

Have been out of the hobby for about 6 years. I was surprised at the prices i have seen now. Are we in a bubble and will prices fall. Common morgan prices seem to be way too much.

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  • ShaunBC5ShaunBC5 Posts: 1,630 ✭✭✭✭✭
    edited February 23, 2024 4:56PM

    Others are much more in tune with the market but Morgan prices seem to have settled in, to me. They jumped during COVID and I feel like they’ve pretty much found a new normal.
    Anxious to hear what more active buyers/sellers have to say.

  • humanssuckhumanssuck Posts: 316 ✭✭✭✭✭

    The 2021 release of the Morgan $1 commemorative increased the general popularity and number of people collecting Morgan dollars, and the pricing has held steady at the higher prices for a while now.

  • With the stock market up will these people get tired of coins and get out?

  • ShaunBC5ShaunBC5 Posts: 1,630 ✭✭✭✭✭

    The stock market was trash all of 2022 and rebounded nicely in 2023. I didn’t see either one have an affect on the collector coin market. I don’t think they’re generally very corollated. Maybe in extreme cases, but not generally.

  • I was told by one dealer that people looked at other places to invest and that alot of them looked at silver and morgan dollars. I am not sure that I see as big a jump in peace dollars.

  • jmlanzafjmlanzaf Posts: 31,821 ✭✭✭✭✭

    @Jim500 said:
    I was told by one dealer that people looked at other places to invest and that alot of them looked at silver and morgan dollars. I am not sure that I see as big a jump in peace dollars.

    Ask the dealer why comic books surged more than Morgan dollars.

  • MsMorrisineMsMorrisine Posts: 32,188 ✭✭✭✭✭

    looked at silver and morgans

    from the mouth of the sell side

    silver is in demand but can be found online. premiums were falling. there was a time when silver anything was hard to find in stock. today, there is stock out there.

    i'm thinking, with 2023 and up to now, the stock market is the place to invest and morgans are simply hot for now. one thing about coin collecting is you need the series to remain sought after for price appreciation. in the low end coin world hot can disappear down to grat interest.

    can't say why it's morgans, but it's safe to say peace aren't generally collected nearly as much as probably the most collected silver dollar there is. between te 2 it is no surprise morgans would go hot and peace not

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • DisneyFanDisneyFan Posts: 1,646 ✭✭✭✭✭

    @MsMorrisine said:

    can't say why it's morgans, but it's safe to say peace aren't generally collected nearly as much as probably the most collected silver dollar there is. between te 2 it is no surprise morgans would go hot and peace not

    I don't collect silver dollars; but, can the ability to buy a group of 19th century blast white MS64 silver coins for about $125 each have an appeal?

  • AtcarrollAtcarroll Posts: 342 ✭✭✭

    If you think morgans are high, check on 1921 peace dollars. Makes me wish I'd bought more in 2017-2018.

  • MsMorrisineMsMorrisine Posts: 32,188 ✭✭✭✭✭

    1921 peace shot up when 2021 was coming up

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • DisneyFanDisneyFan Posts: 1,646 ✭✭✭✭✭

    @jmlanzaf said:

    @DisneyFan said:

    @MsMorrisine said:

    can't say why it's morgans, but it's safe to say peace aren't generally collected nearly as much as probably the most collected silver dollar there is. between te 2 it is no surprise morgans would go hot and peace not

    I don't collect silver dollars; but, can the ability to buy a group of 19th century blast white MS64 silver coins for about $125 each have an appeal?

    I think there's a number of factors. In no particular order:

    1. Supply has led to heavy marketing.
    2. The "18xx" date helps, as you mention.
    3. It's a large, impressively heavy coin.
    4. There's an "old west" mystique to it.
    5. There's a lot of UNC coins, as you mention.
    6. It's a series with multiple semi-keys.

    And probably a dozen other things I'm not recalling

    And #1 & #3 (heavy coin) are the reasons why I don't collect them. I remember how heavy those albums were. : )

  • jmlanzafjmlanzaf Posts: 31,821 ✭✭✭✭✭

    @DisneyFan said:

    @jmlanzaf said:

    @DisneyFan said:

    @MsMorrisine said:

    can't say why it's morgans, but it's safe to say peace aren't generally collected nearly as much as probably the most collected silver dollar there is. between te 2 it is no surprise morgans would go hot and peace not

    I don't collect silver dollars; but, can the ability to buy a group of 19th century blast white MS64 silver coins for about $125 each have an appeal?

    I think there's a number of factors. In no particular order:

    1. Supply has led to heavy marketing.
    2. The "18xx" date helps, as you mention.
    3. It's a large, impressively heavy coin.
    4. There's an "old west" mystique to it.
    5. There's a lot of UNC coins, as you mention.
    6. It's a series with multiple semi-keys.

    And probably a dozen other things I'm not recalling

    And #1 & #3 (heavy coin) are the reasons why I don't collect them. I remember how heavy those albums were. : )

    They also had a tendency to fall out of the old Whitman albums because of the weight. That's why you see so many of them with tape or "tape toning".

  • AtcarrollAtcarroll Posts: 342 ✭✭✭

    @MsMorrisine said:
    1921 peace shot up when 2021 was coming up

    I wonder if the '28 will do the same as 2028 approaches? Was it more about the centennial of the date itself or the beginning of the series?

  • Che_GrapesChe_Grapes Posts: 1,851 ✭✭✭✭✭

    @MsMorrisine said:
    looked at silver and morgans

    from the mouth of the sell side

    silver is in demand but can be found online. premiums were falling. there was a time when silver anything was hard to find in stock. today, there is stock out there.

    i'm thinking, with 2023 and up to now, the stock market is the place to invest and morgans are simply hot for now. one thing about coin collecting is you need the series to remain sought after for price appreciation. in the low end coin world hot can disappear down to grat interest.

    can't say why it's morgans, but it's safe to say peace aren't generally collected nearly as much as probably the most collected silver dollar there is. between te 2 it is no surprise morgans would go hot and peace not

    Peace dollars have also been hot, especially S mints.
    Maybe not as much as Morgan’s but more than “not”

  • Have just started a Peace dollar collection. Keeping it in Au to keep it affordable. Not looking to make money off this hobby just not lose alot. Is this a good time buy?

  • Cougar1978Cougar1978 Posts: 7,603 ✭✭✭✭✭
    edited February 24, 2024 1:16PM

    Morgan prices have settled but that’s no guarantee they could fall further at some point in time. Everybody knows US Coins more expensive vs their world counterparts.

    Furthermore slabbed MS69 ASE has more silver than Morgan$ and cheaper. The ASE what the people coming in bourse room strong buyers of.

    So Cali Area - Coins & Currency
  • DisneyFanDisneyFan Posts: 1,646 ✭✭✭✭✭

    @Jim500 said:
    Have just started a Peace dollar collection. Keeping it in Au to keep it affordable. Not looking to make money off this hobby just not lose alot. Is this a good time buy?

    They are nice coins; especially if you can find well struck ones with clean fields. Go slow! As far as timing - who knows. I love Winesteven's Date set.

  • logger7logger7 Posts: 8,068 ✭✭✭✭✭

    Morgan dollars in MS63, at least the common dates have dropped in the current Greysheet to $65.

  • jfriedm56jfriedm56 Posts: 833 ✭✭✭✭✭

    @logger7 said:
    Morgan dollars in MS63, at least the common dates have dropped in the current Greysheet to $65.

    Greysheet prices are ridiculously low when it comes to purchasing. Common date 63’s at shows are running $75-$100. retail. Perhaps it’s the coin shows on tv that routinely sell 63’s for $109.98 and 64’s at $149.98. that keeps the prices inflated. Better material usually sells at or 10-15% above PCGS price guide.

  • GoldFinger1969GoldFinger1969 Posts: 1,284 ✭✭✭✭

    @Jim500 said:
    With the stock market up will these people get tired of coins and get out?

    Totally uncorrelated, trust me. :)

  • GoldFinger1969GoldFinger1969 Posts: 1,284 ✭✭✭✭

    @Jim500 said:
    Have been out of the hobby for about 6 years. I was surprised at the prices i have seen now. Are we in a bubble and >will prices fall. Common morgan prices seem to be way too much.

    During Covid, and continuing afterwards (but at a much less frenetic pace)....lots of newcomers flush with cash bid on lower-priced coins, currency bills, and of course you did have a bubble in NFTs and sports cards (plus meme stocks).

    I wouldn't call it a bubble in the coins/currency area, but you most definitely did have people buying stuff they could afford which meant coins and bills in the $50 - $750 range. Higher-priced gold coins and better-graded bills they stayed away from given the costs.

  • AtcarrollAtcarroll Posts: 342 ✭✭✭

    @MFeld said:

    @Atcarroll said:

    @MsMorrisine said:
    1921 peace shot up when 2021 was coming up

    I wonder if the '28 will do the same as 2028 approaches? Was it more about the centennial of the date itself or the beginning of the series?

    I believe it’s the latter. I haven’t seen any such price run-ups for the 1922, 1923 or 1924.😉

    I haven't either, but the '21 and the '28 are both key dates, vs the others that are pretty common. The key date thing just made me wonder.

  • Cougar1978Cougar1978 Posts: 7,603 ✭✭✭✭✭
    edited February 24, 2024 2:29PM

    Davie says in the post ww3 environment he will only pay melt regardless what they are / Classic, slabs, better date, CAC. He operates a small strip club (sports bar) and food store next door and attends shows. Have slabs sell? / he says get blue sheet while u still can. With the cash flow from the club he has lots $ buy coins cheap from his table. He Is a subscriber to certain survival blogs on u tube. Says if they want to eat post ww3 he will take their nice CAC and better date coins at melt (laying his assault rifle on counter) grinning.

    So Cali Area - Coins & Currency
  • MFeldMFeld Posts: 12,005 ✭✭✭✭✭

    @lermish said:

    @Cougar1978 said:
    Davie says in the post ww3 environment he will only pay melt regardless what they are / Classic, slabs, better date, CAC. He operates a small strip club (sports bar) and food store next door and attends shows. Have slabs sell? / he says get blue sheet while u still can. With the cash flow from the club he has lots $ buy coins cheap from his table (buys low / sells high). He Is a subscriber to certain survival blogs on u tube. Says if they want to eat post ww3 he will take their nice CAC and better date coins at melt (laying his assault rifle on counter) grinning.

    🙄🙄🙄

    Do you think he read the question, that he has canned replies (involving “clubs”) he just tosses out at random or is there another explanation?

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • lermishlermish Posts: 1,900 ✭✭✭✭✭

    @MFeld said:

    @lermish said:

    @Cougar1978 said:
    Davie says in the post ww3 environment he will only pay melt regardless what they are / Classic, slabs, better date, CAC. He operates a small strip club (sports bar) and food store next door and attends shows. Have slabs sell? / he says get blue sheet while u still can. With the cash flow from the club he has lots $ buy coins cheap from his table (buys low / sells high). He Is a subscriber to certain survival blogs on u tube. Says if they want to eat post ww3 he will take their nice CAC and better date coins at melt (laying his assault rifle on counter) grinning.

    🙄🙄🙄

    Do you think he read the question, that he has canned replies (involving “clubs”) he just tosses out at random or is there another explanation?

    I think he catches a keyword here and there and then just goes off with one of his canned responses based on his mood with an occasional digression as we see here.

  • ElmerFusterpuckElmerFusterpuck Posts: 4,627 ✭✭✭✭✭

    @Cougar1978 said:
    Davie says in the post ww3 environment he will only pay melt regardless what they are / Classic, slabs, better date, CAC. He operates a small strip club (sports bar) and food store next door and attends shows. Have slabs sell? / he says get blue sheet while u still can. With the cash flow from the club he has lots $ buy coins cheap from his table (buys low / sells high). He Is a subscriber to certain survival blogs on u tube. Says if they want to eat post ww3 he will take their nice CAC and better date coins at melt (laying his assault rifle on counter) grinning.

  • OverdateOverdate Posts: 6,930 ✭✭✭✭✭

    The dollar has lost at least 1/6 of its purchasing power since the start of Covid. The inflation-adjusted rise in the price of Morgans is much less dramatic than the rise in the nominal price.

    My Adolph A. Weinman signature :)

  • Cougar1978Cougar1978 Posts: 7,603 ✭✭✭✭✭
    edited February 24, 2024 2:49PM

    I am just buying mainly bullion coins at this point in time. I strongly believe USA Classic material more likely to fall.

    So Cali Area - Coins & Currency
  • Cougar1978Cougar1978 Posts: 7,603 ✭✭✭✭✭
    edited February 24, 2024 3:01PM

    @Overdate said:
    The dollar has lost at least 1/6 of its purchasing power since the start of Covid. The inflation-adjusted rise in the price of Morgans is much less dramatic than the rise in the nominal price.

    Perhaps so but at retail hardly doubt it. In a post ww3 environment they wb at or close to melt. Everybody knows Survival (if not killed in the blast) would trump coin collecting.

    So Cali Area - Coins & Currency
  • jmlanzafjmlanzaf Posts: 31,821 ✭✭✭✭✭

    Did I miss the declaration of WW3?

    For the record, I'm not buying bullion during WW3. I can't eat it and it's hard to throw at looters.

    But I ain't no Davie...

  • nwcoastnwcoast Posts: 2,837 ✭✭✭✭✭

    I’m listening to Davie…..
    He’s da’ man!!! 😉

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

  • lermishlermish Posts: 1,900 ✭✭✭✭✭

    @jmlanzaf said:
    Did I miss the declaration of WW3?

    For the record, I'm not buying bullion during WW3. I can't eat it and it's hard to throw at looters.

    But I ain't no Davie...

    Trying to reason with the unreasonable(Davie) is futile. But my favorite inconsistency is "melt". In this apocalyptic fantasy, how much is melt if the dollar ceases to exist?

  • jmlanzafjmlanzaf Posts: 31,821 ✭✭✭✭✭

    @lermish said:

    @jmlanzaf said:
    Did I miss the declaration of WW3?

    For the record, I'm not buying bullion during WW3. I can't eat it and it's hard to throw at looters.

    But I ain't no Davie...

    Trying to reason with the unreasonable(Davie) is futile. But my favorite inconsistency is "melt". In this apocalyptic fantasy, how much is melt if the dollar ceases to exist?

    EXACTLY. I have this discussion with people all the time. "Melt" would have to be expressed in goods. And if I have a case of freeze-dried rations, you aren't going to be able to carry enough gold to buy it. )

  • nwcoastnwcoast Posts: 2,837 ✭✭✭✭✭

    It’s incredibly reassuring to know that Davie is going to be there for us after WW3 and generous enough to pay “melt” on everything!
    What a saint he must be…
    How might I find him as my flesh may be melting off during such an apocalyptic event?
    I might be up for a lap dance too!!

    Thank you for the laughs! I haven’t had such a good laugh in a really long time! 😋

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

  • MsMorrisineMsMorrisine Posts: 32,188 ✭✭✭✭✭

    as probably the most collected silver dollar there is

    yup the morgan

    but keep in mind mine was in a log-inded reply to this:

    I was told by one dealer that people looked at other places to invest and that alot of them looked at silver and morgan dollars. I am not sure that I see as big a jump in peace dollars.

    and the idea there is alternative investment

    morgans as a collectible are always(?) strong but hot can come and go. perhaps this time is an exception. for blast white 125 year old coins that are plentiful (unless a lot lt more get into the game) are not investments

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • logger7logger7 Posts: 8,068 ✭✭✭✭✭

    @jfriedm56 said:

    @logger7 said:
    Morgan dollars in MS63, at least the common dates have dropped in the current Greysheet to $65.

    Greysheet prices are ridiculously low when it comes to purchasing. Common date 63’s at shows are running $75-$100. retail. Perhaps it’s the coin shows on tv that routinely sell 63’s for $109.98 and 64’s at $149.98. that keeps the prices inflated. Better material usually sells at or 10-15% above PCGS price guide.

    People will see the Greysheet prices and expect to pay less. There is a world of difference between average coins and those that have a lot of eye appeal. Coin Facts is showing a lot of ebay sales of PCGS and NGC coins in MS63 in the $60-$85 range. https://www.pcgs.com/coinfacts/coin/1881-s-1/7130

    Think of the economics of this: You pay for a Morgan dollar that will grade MS63; you have to get it certified which will cost you easily $30 all in. Ebay will charge you 10% plus if you offer free shipping it will be more money out of your pocket as a dealer.

  • OverdateOverdate Posts: 6,930 ✭✭✭✭✭

    @logger7 said:
    Coin Facts is showing a lot of ebay sales of PCGS and NGC coins in MS63 in the $60-$85 range.

    >

    I guess the 2023 Morgan dollar is now officially a common date!

    My Adolph A. Weinman signature :)

  • blitzdudeblitzdude Posts: 5,428 ✭✭✭✭✭

    @jfriedm56 said:

    @logger7 said:
    Morgan dollars in MS63, at least the common dates have dropped in the current Greysheet to $65.

    Greysheet prices are ridiculously low when it comes to purchasing. Common date 63’s at shows are running $75-$100. retail. Perhaps it’s the coin shows on tv that routinely sell 63’s for $109.98 and 64’s at $149.98. that keeps the prices inflated. Better material usually sells at or 10-15% above PCGS price guide.

    I personally haven't paid attention to Morgan prices for a few years. I have boxes of common date 63/65s that haven't seen the light of day for the better part of a decade+. Perhaps it's time to dust off the ole slabs and set them free. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • Walkerguy21DWalkerguy21D Posts: 11,137 ✭✭✭✭✭

    @nwcoast said:
    It’s incredibly reassuring to know that Davie is going to be there for us after WW3 and generous enough to pay “melt” on everything!
    What a saint he must be…
    How might I find him as my flesh may be melting off during such an apocalyptic event?
    I might be up for a lap dance too!!

    Thank you for the laughs! I haven’t had such a good laugh in a really long time! 😋

    He’ll be the guy wearing the I ❤️ Mad Max tee shirt…..

    Successful BST transactions with 170 members. Recent: Tonedeaf, Shane6596, Piano1, Ikenefic, RG, PCGSPhoto, stman, Don'tTelltheWife, Boosibri, Ron1968, snowequities, VTchaser, jrt103, SurfinxHI, 78saen, bp777, FHC, RYK, JTHawaii, Opportunity, Kliao, bigtime36, skanderbeg, split37, thebigeng, acloco, Toninginthblood, OKCC, braddick, Coinflip, robcool, fastfreddie, tightbudget, DBSTrader2, nickelsciolist, relaxn, Eagle eye, soldi, silverman68, ElKevvo, sawyerjosh, Schmitz7, talkingwalnut2, konsole, sharkman987, sniocsu, comma, jesbroken, David1234, biosolar, Sullykerry, Moldnut, erwindoc, MichaelDixon, GotTheBug
  • ChrisH821ChrisH821 Posts: 6,315 ✭✭✭✭✭

    @Atcarroll said:

    @MsMorrisine said:
    1921 peace shot up when 2021 was coming up

    I wonder if the '28 will do the same as 2028 approaches? Was it more about the centennial of the date itself or the beginning of the series?

    I think the 1921 had the advantage of being a one year type in addition to the beginning of the series and the best looking one. If you own only one Peace dollar, in my(and probably many others') opinion it should be a 1921.

    Collector, occasional seller

  • Cougar1978Cougar1978 Posts: 7,603 ✭✭✭✭✭

    CPG defines sell price - CDN Bid is a wholesale base value.

    So Cali Area - Coins & Currency

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