Really PQ, Eye Appealing Coins are Indeed Getting Hard to Find

dragon

As many of you know, I am an avid Morgan dollar collector, and I have definately noticed that within the last 18-24 months or so, it is indeed becoming harder and harder to locate really nice pieces for my collection. While there ARE many coins still readily available out in the marketplace, it seems that fewer and fewer of them meet my picky standards for eye appeal and being really nice for the grade.

I think that collectors have slowly been salting away all the really nice coins for some time now and they just are not re-entering the marketplace at any price, as collectors realize just how difficult they are to replace at ANY price.

Have you been noticing the same thing in the series that you collect??

dragon

AbesNeighbor

The dealers I have been talking to tell me that "KEY" coins from AU58 up are getting hard to find. People are buying them and holding. I'm sure this has happened in the past and as soon as prices start to fall, these coins will start appearing as if magic.

I am now sitting on the sidelines for a while..... I bought a "KEY" earlier this week, spent far too much money for it and will not chase the market agian.

Dan

TheNumish

Has the market dried up or have you gotten pickier over the years? I always wonder about that because when you go to a major show there are so many coins on bourse floor and at the auction. I would bet your expectations are a lot higher than they were a few years ago and the nice PQ coins are harder to get.

michael

i totally agree with dragon

if you see any extraordinary monster coins within your speciality buy them!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
sincerely michael

Bear

Many coins such as the Turbaned Bust Quarters and Halves as well as the Seated Liberty

Quarters and Halves have dropped perhaps by 60% from the 1989 highs. Even paying premium

prices for premium examples, including the older Commemorative Half Dollars ,seem a good move

at this time as well as a sound economic play. There just are no more of these gem classic coins

to be found or made. Demand slowly builds for the very best within the grade and prices slowly climb.

As for Morgan Dollars the rarer dates, though expensive, have seemed to increase in value from the

coin highes of 1989. More modern coins with the exception of a number of dates and denominations,

in extreme high grades, seem to carry somewhat of a higher risk at this time. Of course I could be

wrong , but that is how I see the market today, and I have put my money where my mouth is.