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Common Date Peace and Morgan Dollar Question

erwindocerwindoc Posts: 5,271 ✭✭✭✭✭
How much does the price of silver affect these coins if graded in the MS64 or MS65 range?

Comments

  • AUandAGAUandAG Posts: 24,919 ✭✭✭✭✭
    It does not affect the price. Any value over that of bullion would be numismatic value, and these
    dollars, so graded, would be numismatic not bullion.

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    I wouldn't say that it doesn't affect the price at all, but common-date Peace dollars in 64 derive only about 40% of their value from bullion content. Small swings in the bullion market would result in no change at these grades.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>I wouldn't say that it doesn't affect the price at all, but common-date Peace dollars in 64 derive only about 40% of their value from bullion content. Small swings in the bullion market would result in no change at these grades. >>



    But as shown last Feb-April, with MS63-66 Morgans being promoted along with sharply rising silver prices, the Morgans can actually rise as FAST or FASTER than the price of bullion.
    MS64's went from $42 to $115 as silver went from around $18 to $49. So the answer is, it depends. Those promotions could not have possibly been conducted without a sharply
    rising silver price. In this case 1 + 1 = 2.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>

    << <i>I wouldn't say that it doesn't affect the price at all, but common-date Peace dollars in 64 derive only about 40% of their value from bullion content. Small swings in the bullion market would result in no change at these grades. >>



    But as shown last Feb-April, with MS63-66 Morgans being promoted along with sharply rising silver prices, the Morgans can actually rise as FAST or FASTER than the price of bullion.
    MS64's went from $42 to $115 as silver went from around $18 to $49. So the answer is, it depends. Those promotions could not have possibly been conducted without a sharply
    rising silver price. In this case 1 + 1 = 2. >>



    image

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  • WTCGWTCG Posts: 8,940 ✭✭✭
    Spot prices affect to a certain degree but the biggest price factor is supply versus demand. Higher metal prices often increase demand but not always. This concept is also true for common date classic gold coins.
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    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • BryceMBryceM Posts: 11,851 ✭✭✭✭✭
    I'm talking about small swings of a few percent. Crazy swings like what we've had in the past year cause all sorts of strange things, so I agree with you too. image
  • I'm not sure if it affects the price at all when it comes to those grades. Whenever PM prices rise or drop, the stores I go to still charges the same prices on them. If anything I think coins in those grades go accordingly to the greysheet price.

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