Has the bottom dropped out on the common date Morgan Dollar market?

KoolCoin

I was thinking about selling off some common date Morgans and decided to look at ebay to determine what I could expect. It appears that most coins are only recieving 1 or 2 bids and ending values are running low in comparison to Coin Values. Could it just be the summer doldrums or do most of the Morgan collectors have what they need for common dates? Or worse yet - is the bubble about to burst?

KoolCoin

itsnotjustme

I think you should compare to grey sheet. Have you watched e-bay before and feel these prices have fallen?

DNADave

Coin Values always seems high to me. When a "dealer", vest pocket or otherwise, breaks out a coin values magazine it is an immediate sight to me that the coin is about to be overpriced.

coinbuf

Are you looking at toined or white coins on ebay? This could be a factor as many folks are only interested in toined coins these days.

Chris

PerryHall

<< <i>Coin Values always seems high to me. When a "dealer", vest pocket or otherwise, breaks out a coin values magazine it is an immediate sight to me that the coin is about to be overpriced. >>



Don't you like how they play act like Coin Values prices are realistic.

291fifth

"Widgets" are finding their true value.

KoolCoin

When I was buying these coins about 1 to 2 years ago I was usually paying a few bucks over the listed values (I thought the reason was because they were in PCGS holders). Now I've noticed they tend to realize a few bucks less than the listed values.

jdimmick

In this area they are trading for less, and getting difficult to sell unless its one of the better dates(not semi) and really nice. Its impossible for me to re-sell everyday morgans on e-bay, they just arent getting much attention as they are far too many and generating very little intrest.

I quit buying them for the most part, I have even started turnning down dates that are like $30-$60 at 70% of bid, becasue they just arent selling.

koynekwest

When "Coin Prices" used to be "Trends" and was included in the paper itself, values were more realistic. Now they're much too high in most cases. Just another dealer tool to justify overpricing IMO.

ziggy29

I've been thinking about starting a set of nice XF/AU Morgans. Sounds like this might be a good time to start.

mirabela

<< <i>Don't you like how they play act like Coin Values prices are realistic. >>



Their published prices are certainly ridiculous for white common Morgans. They are closer to reality w/ regard to early type, better & key dates, etc. although it is often (usually?) possible to do somewhat better. In my experience they aren't as completely out to lunch there, though. Basically, the tighter the squeeze on the coin in question in terms of demand relative to supply, the more closely those prices seem to reflect the realities of the market.

Ziggy, good luck w/ your XF-AU Morgan set. I can see building an attractive set with AU's if you are picky, but with XF's you've got your work cut out for you. "Attractive XF Morgan" is nearly an oxymoron.