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Is there a strong market for common date graded silver dollars?

DisneyFanDisneyFan Posts: 2,949 ✭✭✭✭✭
in U.S. Coin Forum

Or are today's collectors only interested in the better dates?

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    jmlanzafjmlanzaf Posts: 42,163 ✭✭✭✭✭

    @DisneyFan said:
    Or are today's collectors only interested in the better dates?

    The entire dollar market is relatively weak.

    All comments reflect the opinion of the author, even when irrefutably accurate.

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    ilmcoinsilmcoins Posts: 525 ✭✭✭✭

    Everything seems weak except the better dates don't seem to have been hit as hard.

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    RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    No.

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    U1chicagoU1chicago Posts: 6,945 ✭✭✭✭✭
    edited April 26, 2019 7:04AM

    Common date Morgans and Peace Dollars with nice color are doing pretty well (definitely better than blast white at this moment).

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    Cougar1978Cougar1978 Posts: 9,894 ✭✭✭✭✭
    edited April 26, 2019 7:42AM

    No. I would not load up on them. They have seen their day. MS 65 generic dollars bid at $100 - will they slide down to $80 which is where generic 65 walkers are? Sitting on fence right now. With lower pop of collectors expect this material slide further.

    Slabbed MS69 ASE a cheaper and much better deal plus have more silver and Lower pops too. I like the Mexico Libertads too.

    Many players seeking nice slabbed gold (vintage or mod) they can pick out close to melt and will not pay say more than $25 for sticker assuming that coin nicer than others they viewing. Dealer next to me at a recent show sold dozens of NGC 69 AGB 1 oz close to melt. I believe he sold out of those. I bought some slabbed MS / PF 69 mod $5 Commems from about $20 over melt. These are beautiful coins.

    Investor
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    BAJJERFANBAJJERFAN Posts: 31,642 ✭✭✭✭✭

    @RogerB said:
    No.

    Yet people still submit them in dumptruck quantities I bet.

    theknowitalltroll;
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    RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    People can do what they want with their money, even if the result is negative value of their silver dollars.

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    BillJonesBillJones Posts: 35,859 ✭✭✭✭✭

    I witnessed a transaction yesterday between two dealers where 50 NCG and PCGS MS-63 graded pieces sold for less than the Blue Sheet prices. I looked at many of the coins. Most of them were common date S-Mint coins from 1879 to 1881. They had bright, vibrant luster and good eye appeal for the grade. The market is weak.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    1630Boston1630Boston Posts: 14,156 ✭✭✭✭✭

    @BAJJERFAN said:

    @RogerB said:
    No.

    Yet people still submit them in dumptruck quantities I bet.

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko

    Bad transactions with : nobody to date

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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    The market reflects the rarity and thus the demand.
    MORGANS ARE COMMON COINS !!
    Back in the '70s, it wasn't unusual to find ...many... show tables that had near roll sets for sale.

    My first recollection of pricing was $3 for regulars and $5 for prooflike. :o

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    HallcoHallco Posts: 3,723 ✭✭✭✭✭

    Lots of rare Vams in those common dates! ;)

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    ZoinsZoins Posts: 34,489 ✭✭✭✭✭
    edited April 26, 2019 8:01AM

    There is generally not a strong market for anything that is "common". Something is needed to make them rare before they are worth much including: variety, toning, grade, etc.

    Private Mint News | 2010 Lincoln Reverse Finalists
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    privatecoinprivatecoin Posts: 3,820 ✭✭✭✭✭

    There is a strong market for them "if" the price is right.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

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    tommy44tommy44 Posts: 2,341 ✭✭✭✭✭

    @topstuf said:
    The market reflects the rarity and thus the demand.
    MORGANS ARE COMMON COINS !!
    Back in the '70s, it wasn't unusual to find ...many... show tables that had near roll sets for sale.

    My first recollection of pricing was $3 for regulars and $5 for prooflike. :o

    I seem to remember a ad in Coin World during the Treasury sales of bags at $29,995 per ton.

    it's crackers to slip a rozzer the dropsy in snide

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    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    In 1961 my bank manager offered me a bag of 1000 for face.

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    DisneyFanDisneyFan Posts: 2,949 ✭✭✭✭✭

    @Cougar1978 said:
    No. I would not load up on them. They have seen their day. MS 65 generic dollars bid at $100 - will they slide down to $80 which is where generic 65 walkers are? Sitting on fence right now. With lower pop of collectors expect this material slide further.

    Slabbed MS69 ASE a cheaper and much better deal plus have more silver and Lower pops too. I like the Mexico Libertads too.

    Many players seeking nice slabbed gold (vintage or mod) they can pick out close to melt and will not pay say more than $25 for sticker assuming that coin nicer than others they viewing. Dealer next to me at a recent show sold dozens of NGC 69 AGB 1 oz close to melt. I believe he sold out of those. I bought some slabbed MS / PF 69 mod $5 Commems from about $20 over melt. These are beautiful coins.

    Slabbed MS69 ASE ?

    NGC 69 AGB 1 oz ?

    Sorry, what do these initials stand for?

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    BAJJERFANBAJJERFAN Posts: 31,642 ✭✭✭✭✭

    @DisneyFan said:

    @Cougar1978 said:
    No. I would not load up on them. They have seen their day. MS 65 generic dollars bid at $100 - will they slide down to $80 which is where generic 65 walkers are? Sitting on fence right now. With lower pop of collectors expect this material slide further.

    Slabbed MS69 ASE a cheaper and much better deal plus have more silver and Lower pops too. I like the Mexico Libertads too.

    Many players seeking nice slabbed gold (vintage or mod) they can pick out close to melt and will not pay say more than $25 for sticker assuming that coin nicer than others they viewing. Dealer next to me at a recent show sold dozens of NGC 69 AGB 1 oz close to melt. I believe he sold out of those. I bought some slabbed MS / PF 69 mod $5 Commems from about $20 over melt. These are beautiful coins.

    Slabbed MS69 ASE ?

    NGC 69 AGB 1 oz ?

    Sorry, what do these initials stand for?

    American Silver Eagle

    American Gold Bullion?

    theknowitalltroll;
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    Wahoo554Wahoo554 Posts: 1,173 ✭✭✭✭✭

    @topstuf said:
    In 1961 my bank manager offered me a bag of 1000 for face.

    Please tell me you took him up on that!

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    BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    @topstuf said:
    The market reflects the rarity and thus the demand.
    MORGANS ARE COMMON COINS !!
    Back in the '70s, it wasn't unusual to find ...many... show tables that had near roll sets for sale.

    My first recollection of pricing was $3 for regulars and $5 for prooflike. :o

    It's nice to see honest posts.

    Morgan Dollars are common coins!

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    Walt_AltmenWalt_Altmen Posts: 184 ✭✭✭

    As compared to? “Strong market” is a relative term.

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    Cougar1978Cougar1978 Posts: 9,894 ✭✭✭✭✭

    AGB - American Gold Buffalo

    Investor
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    U1chicagoU1chicago Posts: 6,945 ✭✭✭✭✭

    @DisneyFan said:

    @Cougar1978 said:
    No. I would not load up on them. They have seen their day. MS 65 generic dollars bid at $100 - will they slide down to $80 which is where generic 65 walkers are? Sitting on fence right now. With lower pop of collectors expect this material slide further.

    Slabbed MS69 ASE a cheaper and much better deal plus have more silver and Lower pops too. I like the Mexico Libertads too.

    Many players seeking nice slabbed gold (vintage or mod) they can pick out close to melt and will not pay say more than $25 for sticker assuming that coin nicer than others they viewing. Dealer next to me at a recent show sold dozens of NGC 69 AGB 1 oz close to melt. I believe he sold out of those. I bought some slabbed MS / PF 69 mod $5 Commems from about $20 over melt. These are beautiful coins.

    Slabbed MS69 ASE ?

    NGC 69 AGB 1 oz ?

    Sorry, what do these initials stand for?

    ASE = American Silver Eagle

    AGB = American Gold Buffalo

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    Cougar1978Cougar1978 Posts: 9,894 ✭✭✭✭✭
    edited April 26, 2019 11:14AM

    I think 63 and 64 dollars really cheap - about what it cost 2 people go out to dinner. Would not be surprised if MS65 bid dropped to $80 or $90. Will 66 bid drop?

    Investor
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    yspsalesyspsales Posts: 2,670 ✭✭✭✭✭
    edited April 26, 2019 11:21AM

    You could be price conscious and with careful accumulation won't see much downside.

    My plan is to accumulate around 100 examples in MS63 and MS64.

    Eventually, if silver run up to $50 again then you would miss on some multiple expansion vs culls etc... but would still see a longterm profit.

    To me they are a grading and learning tool.

    BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out

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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Just what I needed to know, thanks for the information !!! :)

    Timbuk3
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    RayboRaybo Posts: 5,355 ✭✭✭✭✭

    I have always …...not liked Morgans.

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    savitalesavitale Posts: 1,410 ✭✭✭✭✭

    According to the Jan/Feb 2019 RCMR, there are 6,593 PCGS 1893-S Morgan Dollars in all grades. To me that is a common coin. Price Guide value is $735,000 in MS65. So I'd call that pretty strong.

    LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album

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    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    MS63 common Morgans are in the $45 range. MS64 in the $55 range and MS65 at about $100.

    Dealers will offer maybe 20% back of that in quantity.

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    mannie graymannie gray Posts: 7,259 ✭✭✭✭✭

    No there is not a strong market.

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