What the heck just happened on the 2021 Morgan & Peace prices?

claychaser · October 27, 2021 7:54PM

I've seen a big drop in prices in offers to buy live coins, as low as $95 to $105 levels.

This seems to me a much larger drop off and earlier in the delivery cycle than other programs.

Maybe there was just too many mint offerings too close together (T-2 eagles, reverse proof eagles, the dollars, etc). Or could it be the actual coins in hand just don't have surface look of old tyme BU Morgans? I find them somewhat unattractive.

What see ye pundits?

Squeekstyle · October 27, 2021 7:56PM

Judging by my own coins that are coming in, they have lots of quality problems.

alefzero · October 27, 2021 8:04PM

Probably the quantity buyers are screening their deliveries and just dumping raw any they don't think they can pull a 70 on. It's like going through a bag bag of pennies and those are the returns.

jmlanzaf · October 27, 2021 8:07PM

They are only selling retail for 150, except for the CC. What do you expect them to buy then at?

As I said at release, the mintages on these are too high especially if people don't want a full set of 6. The verdict is in: people don't want a full set of 6.

jshaulis · October 27, 2021 8:09PM

My conspiracy theory, big boys realized the sneaker bros are in over there head and figure they over extended themselves on the 3 releases. They put out decent (not great) buy prices early on. Sneaker bros got gready thinking, like stonks, prices only go up. As the actual shipping dates approached big boys in a coordinated effort slightly lowered the buy offers to give the appearance of falling prices. Sneaker bros hold tight, big boys drop to basically cost, sneaker bros freak out when they realize they have thousands tied up (that they don't have) in something they know zero about and panic sell.

Outside of that, 🤷

Type2 · October 27, 2021 8:16PM

I’m in good bad and the ugly…

Mgarmy · October 27, 2021 8:25PM

If the sneaker bros take it in the shorts 🩳 am all for it

Jzyskowski1 · October 27, 2021 8:48PM

They have a very big problem with quality. Absolutely ridiculous. 5 months and they deliver junk in lousy packaging.

Capgun · October 27, 2021 8:56PM

See original Morgan & Peace dollar thread

jshaulis · October 27, 2021 9:42PM

@younique said:
See original Morgan & Peace dollar thread

Which one? Seems like they all talk about Morgan/Peace.

HoldTheMayo · October 28, 2021 1:16AM

Buy the rumor, sell the news. Same thing happens in the stock market, stocks go up before earnings (excitement) and sell off once everyone see the results/behind the curtain. Also didn’t help with the choices on the look/feel of the coin. They look nice but kinda have a cheap finish IMO.

ricko · October 28, 2021 4:21AM

Should be interesting... I am surprised if prices are dropping already.... will have to look around. Not really after one, but I expected they would enjoy a significant flipping market for several months. Cheers, RickO

vulcanize · October 28, 2021 4:36AM

Wanted to get three sets (one each for my kids) but managed to snag only two of the CC.
Nevertheless, my youngest decided to offload them right away and is laughing his way to the bank because he sold them righ away and did pretty good before the hype died down.
So yeah, many of these may find it's way back to the mint because of the crappy quality (and the fact that quite a few of the flippers who were holding on for prices to rise panic and offload them).

originalsandman · October 28, 2021 6:32AM

Im not planning on flipping, but is sad to see the quality of some of the coins on here....not suprised.

SonnyD · October 28, 2021 6:37AM

Meanwhile back at the mint: "what do you mean refund!?"

WAYNEAS · October 28, 2021 6:45AM

Poor quality coins will certainly add another blemish mark on the mint.
There is no reason for this to happen with the amount of time they had to strike these.
I only purchased a single Peace coin which I had not planned on opening but now I probably will.
Wayne

BryceM · October 28, 2021 6:47AM

I’ll probably buy a few, in a couple years, and I’m one of the biggest Peace dollar enthusiasts out there. I just got tired of mint release and flipping shenanigans.

GritsMan · October 28, 2021 9:10AM

The quality of my first two coins is fine. It's just that the finish makes them look cheap--much worse than original silver dollars. I guess these are "satin finish" but that finish just saps all the life out of the metal. My guess is these will drop below issue price before long, and will not be surprised.

SPalladino · October 28, 2021 10:20AM

IMO:
Right now, for the raw coins, it is a function of the presale format, the various HHLs that were set, speculative buying, sudden availability, perceptions on quality - all playing into supply and demand.
However, if these turn out to to be tough to get a 70 grade, and if the mint continues the series, then we will likely see stabilization and perhaps even some price growth in the MS70 market.
That said, right now, every coin listed in the PCGS pop report is a 70. (likely bulk submissions with minimum grade request by the big guys).

coinbuf · October 28, 2021 10:38AM

I am sooooo glad I did not buy into all this hype, these look like cheap Chinese knockoffs. The good news is this should hopefully kill off all the flipping (and other) threads on these ugly things quickly.

derryb · October 28, 2021 10:46AM

I assume you are referring to BST prices. Many sellers at once equals lower prices. BST Supply is high.

JBK · October 28, 2021 11:03AM

If they keep cracking them out in future years then they might as well be bullion. If they are a one year issue then I think the will be OK long term.

As for the finish, it seems that some people prefer a "business strike" appearance. Maybe if they treated them like the unc. 40% Ike dollars people would be happy?

asheland · October 28, 2021 11:14AM

Apparently word got out that I bought some...

jmlanzaf · October 28, 2021 11:16AM

@coinbuf said:
I am sooooo glad I did not buy into all this hype, these look like cheap Chinese knockoffs. The good news is this should hopefully kill off all the flipping (and other) threads on these ugly things quickly.

I actually feel exactly the opposite. I find the coins to be gorgeous and far better looking than the original as an artistic expression. Yes, they have a different finish. So what? It's the same finish as ASEs and there are probably as many ASE collectors as there are Morgan $ collectors.

scotty4449 · October 28, 2021 11:19AM

I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Metalsman · October 28, 2021 11:19AM

I committed mine early on to a BST buyer at the current offering then.. Just got them and waiting for my shipping label.

asheland · October 28, 2021 11:31AM

Has anyone gotten the peace dollars yet? I'm holding out hope they look better being high relief...

cagcrisp · October 28, 2021 12:16PM

@asheland said:
Has anyone gotten the peace dollars yet? I'm holding out hope they look better being high relief...

The Peace Silver Dollars are Not High Relief...

pcgscacgold · October 28, 2021 12:19PM

I don't like the way they did the CC mint mark. Looks strange as a raised bump. I agree that if they looked like ones actually minted back in the 1800's I would have wanted them all.

cagcrisp · October 28, 2021 12:21PM

Something tells me that If these coins were selling for $500/each there wouldn't be as many complaints...

jmlanzaf · October 28, 2021 12:24PM

@cagcrisp said:
Something tells me that If these coins were selling for $500/each there wouldn't be as many complaints...

Cart... horse...

Who knows?

I like them. The details are very sharp. Same finish as the ASEs which people love. I don't see why anyone is so disappointed. They look 100x better than the Mint's artist rendition.

derryb · October 28, 2021 1:27PM

@pcgscacgold said:
I don't like the way they did the CC mint mark. Looks strange as a raised bump. I agree that if they looked like ones actually minted back in the 1800's I would have wanted them all.

by definition it is not a mint mark. It is a privy mark.

DelawareDoons · October 28, 2021 1:29PM

The Peace look great. The morgans, uhhhh

pcgscacgold · October 28, 2021 1:32PM

@derryb said:

@pcgscacgold said:
I don't like the way they did the CC mint mark. Looks strange as a raised bump. I agree that if they looked like ones actually minted back in the 1800's I would have wanted them all.

by definition it is not a mint mark. It is a privy mark.

I stand corrected. I do not like the privy mark then. Would look much better if they used the same look as one from the 1800's. It looks like a cheap bump added to the coin after it was minted.

thefinn · October 28, 2021 1:32PM

@WAYNEAS said:
Poor quality coins will certainly add another blemish mark on the mint.
There is no reason for this to happen with the amount of time they had to strike these.
I only purchased a single Peace coin which I had not planned on opening but now I probably will.
Wayne

They should have had the RCM strike and package them.

JBK · October 28, 2021 2:48PM

@pcgscacgold said:

@derryb said:

@pcgscacgold said:
I don't like the way they did the CC mint mark. Looks strange as a raised bump. I agree that if they looked like ones actually minted back in the 1800's I would have wanted them all.

by definition it is not a mint mark. It is a privy mark.

I stand corrected. I do not like the privy mark then. Would look much better if they used the same look as one from the 1800's. It looks like a cheap bump added to the coin after it was minted.

They couldn't/wouldn't since those mints no longer exist (as US Mint facilities).

I agree with you about the look. That's why I wasn't devastated that I missed out on those.

CopperWire · October 28, 2021 2:55PM

The speculation over these coins was rampant and well-reinforced by these message boards. Everyone did the math with a PCGS MS70 x the speculative prices on eBay. Honestly you guys who stayed away from the fiasco were wise. All business ventures and investments carry risk.

privatecoin · October 28, 2021 2:59PM

@jmlanzaf said:
They are only selling retail for 150, except for the CC. What do you expect them to buy then at?

As I said at release, the mintages on these are too high especially if people don't want a full set of 6. The verdict is in: people don't want a full set of 6.

I would slightly disagree. People like me do want a set of 6, but can't afford them at these prices. So they pick 1 or 2 if they can and move on with a sigh..

291fifth · October 28, 2021 3:11PM

The Deep State is behind it.

CaptHenway · October 28, 2021 3:24PM

The Mint's game of hide the sausage with the delivery dates probably dissuaded the telemarketers from starting their promotions until they were sure they would have product to sell. Mail order rules are fairly strict that if you take an order and cannot deliver within "X" number of days you must offer refunds and etc.

I would not be surprised if they were buying them up now, and will have them slabbed and ready to go for Christmas. Hey, they're not sitting on a boat off of Long Beach, right???

jmlanzaf · October 28, 2021 3:40PM

@privatecoin said:

@jmlanzaf said:
They are only selling retail for 150, except for the CC. What do you expect them to buy then at?

As I said at release, the mintages on these are too high especially if people don't want a full set of 6. The verdict is in: people don't want a full set of 6.

I would slightly disagree. People like me do want a set of 6, but can't afford them at these prices. So they pick 1 or 2 if they can and move on with a sigh..

It's a consensus not unanimous verdict.

coinbuf · October 28, 2021 3:46PM

@pcgscacgold said:

@derryb said:

@pcgscacgold said:
I don't like the way they did the CC mint mark. Looks strange as a raised bump. I agree that if they looked like ones actually minted back in the 1800's I would have wanted them all.

by definition it is not a mint mark. It is a privy mark.

I stand corrected. I do not like the privy mark then. Would look much better if they used the same look as one from the 1800's. It looks like a cheap bump added to the coin after it was minted.

When I look at that bump I feel like I should see the word "copy" there.

pmh1nic · October 28, 2021 5:42PM

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

jmlanzaf · October 28, 2021 6:47PM

@pmh1nic said:

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

Another case of the prison of 2 minds.

I, on the other hand, feel like I can have an MS-65 Morgan, a 2021 Morgan AND an ASE!!!

scubafuel · October 28, 2021 6:54PM

They literally look like counterfeit Morgans. I don't know what the mint was thinking.

pmh1nic · October 28, 2021 7:02PM

@jmlanzaf said:

@pmh1nic said:

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

Another case of the prison of 2 minds.

I, on the other hand, feel like I can have an MS-65 Morgan, a 2021 Morgan AND an ASE!!!

Boring.

jmlanzaf · October 28, 2021 7:05PM

@pmh1nic said:

@jmlanzaf said:

@pmh1nic said:

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

Another case of the prison of 2 minds.

I, on the other hand, feel like I can have an MS-65 Morgan, a 2021 Morgan AND an ASE!!!

Boring.

Actually, that's how I feel about almost all U.S. coins including Morgan dollars.

DelawareDoons · October 28, 2021 7:43PM

@jmlanzaf said:

@pmh1nic said:

@jmlanzaf said:

@pmh1nic said:

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

Another case of the prison of 2 minds.

I, on the other hand, feel like I can have an MS-65 Morgan, a 2021 Morgan AND an ASE!!!

Boring.

Actually, that's how I feel about almost all U.S. coins including Morgan dollars.

No offense intended, but if thats the case, why do you post on so many threads about various US issues?

20,800 posts on this forum as a whole, World and Ancients, 4. World and Ancients BST, 2. Currency, 5. Currency BST, 0. Precious Metals, 10. Swaps, tags, and giveaways, 2. Q&A, 13. Metal Detecting, 2. Entire trading cards area, 3. Entire Stamps, 5. Long Beach Expo, 0. Misc, 0.

Seems like most of your posts are either here or in US BST. So if it's so boring, how is it that you've racked up 20 freakin' thousand posts about it? Talking an awful lot about stuff you find boring.

jmlanzaf · October 28, 2021 7:49PM

@DelawareDoons said:

@jmlanzaf said:

@pmh1nic said:

@jmlanzaf said:

@pmh1nic said:

@scotty4449 said:
I wouldn't pay anything above melt for these. I might have been interested if they looked more like the coin below.

Agree, but I might go spot plus 20% .

People like what the like but I'd take an MS-64 100 year old Morgan or Peace dollar over these glorified commeratives (yea, yea, I know Congress says they are legal tender) all day long.

Another case of the prison of 2 minds.

I, on the other hand, feel like I can have an MS-65 Morgan, a 2021 Morgan AND an ASE!!!

Boring.

Actually, that's how I feel about almost all U.S. coins including Morgan dollars.

No offense intended, but if thats the case, why do you post on so many threads about various US issues?

20,800 posts on this forum as a whole, World and Ancients, 4. World and Ancients BST, 2. Currency, 5. Currency BST, 0. Precious Metals, 10. Swaps, tags, and giveaways, 2. Q&A, 13. Metal Detecting, 2. Entire trading cards area, 3. Entire Stamps, 5. Long Beach Expo, 0. Misc, 0.

Seems like most of your posts are either here or in US BST. So if it's so boring, how is it that you've racked up 20 freakin' thousand posts about it? Talking an awful lot about stuff you find boring.

I said "almost all". Lol. I'm more interested in exonumia than actual coins. And I don't collect any series.

MsMorrisine · October 28, 2021 8:23PM

Wow

What’s the record for fastest to 20k?

MsMorrisine · October 28, 2021 8:23PM

I need to keep up

What the heck just happened on the 2021 Morgan & Peace prices?

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