The reason for price spike in cc Morgans and 1921 HR Peace dollar?
logger7
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Can someone explain the substantial price spike in Unc. cc Morgans and the 1921 Peace dollars? I had one of the latter that I priced over an old Greysheet and saw that all the Uncs were going a lot higher than a couple months ago.
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100 year anniversary and new Morgan release?
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I think it's part of the current market heat. Common date circ Morgans are suddenly $30. Proof ASEs are all $75 or better.
This. We saw a similar bump with Lincolns back in 2009.
Yep... Anniversary coins coming out and collectors want to pair them...The CC Morgans have long carried some premium anyway...Cheers, RickO
Will let you know when the 2121 coins come out.
Wayne
Kennedys are my quest...
It's not just CC Morgans, all dates are spiking right now. Not a single MS63 under $100! The price guide looks like a lit up Christmas tree with all the green arrows. So glad I finished my date set several years ago.
Yup. Even circs are trading at a premium.
Time to get off my a$$ and list a few widgets on ebay I suppose.
Click on this link to see my ebay listings.
Carson City Morgan Dollars Rock! Yes...I agree...the PCGS Price Guide for Morgans is up every morning.
CC
I don’t know if the big players are just trying promote them, market forces, both or what. Perhaps one last hurrah before whole thing caves in like 89. At some point in time I think time they will run bids down like they did before pandemic. Huge pops on a lot of them. MS 63 Morgan dollars common as dirt no reason for them be over $50.
Blew mine all out during pandemic no more playing their game. They need sell that somebody else. Focusing on low pop Mexico coins, MWG, and World Currency.
Stuff is common until demand spikes.
It's still common. Only demand and the price change.
Common is a relative term.
Synonym of common is prevalent. There are no common date Morgan or Peace from the B+Ms in my area.
Not common anymore unless shipped in. Spike in demand.
New Morgan and Peace releases will push prices up as collectors bleed over from moderns. I would hold.
The most common Morgan dollars are no different than the most common generic pre-1933 US gold which until recently, traded for low premiums over spot.
Yes, I know Morgan have traded at large premiums to spot but as a collectible, are practically as common as dirt and no reason it should. Many have over 250,000 in the TPG populations with almost certainly a low proportion of duplicates. 1881-S has about 540,000 now and many of these dates probably have as many as 1MM.
A common MS-63 Morgan at $100 is one of the worst collectible values.
Morgan prices are crazy, been running groups of 10 UNC on ebay and there just killn it
I have always assumed that the most common Morgan (and Peace) dollars are predominantly owned for financial reasons. Maybe owned in multiple mostly by collectors but I doubt it.
What I do know is that the likelihood of the most common date/MM having almost as many collectors even for the TPG counts is very remote. There are nowhere near 540,000 actual collectors for the 1881-S, not unless the collector base is a noticeable multiple of the number most believe.
It is reminiscent of 1989 to me.
Inflation? I'm seeing it everywhere, feed store, lumber yard, burger world.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Coins usually don't keep up with inflation. With all of the cheap money, asset bubbles can form. I hope that's not what we're seeing here in the coin market more broadly as other areas are moving up too.
Given that it's happening in virtually all collectible markets simultaneously...
CC's always a favorite subset in a monster series.
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