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Unsold Morgan and Peace dollars
alangloi
Posts: 38 ✭✭✭
The mint still has Morgan and Peace dollars for sale from 23, 24, 25, to say nothing about '26.
So what is the usual procedure for these unsold coins? With silver going for about $67 an ounce, does the mint just hold onto these (asking for $173 for each and every one), never to reduce the price? Have them melted after a decade? Sell them to Home Shopping Network? (LOL!)
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Here's an Artificial Intelligence answer -
United States Mint removes them from their special packaging, "waffles" or destroys them using mechanical coin destruction machines witnessed by staff, and recycles the raw metal back into future production.
After all these years my wife still thinks I'm sexy. Every time I walk by she says "What An Ass"
Any of those I bought slabbed off eBay Auc or dealer inventory quite awhile back b4 the silver apex - CACG or PCGS. Sold many when silver like at $140 getting all the money - huge seller profit (keystone and higher if had loaded up on them long b4. So 4 me put remainder back in investment inventory when those prices crashed. Nice coins to simply collect for awhile. I buy low / sell high.
Got latest CDN yesterday many coins silver Dollars, silver eagles in the red. Many -Trying pickoff some them for investment. ASE and Mexico Libertads, high demand, super for investment.
I don’t know what the mint does with what you’re talking about above. I wonder if just flipped to dealers, investors. Or holding them for better sailing.
When was silver at "like $140.00"?
On another note, I do enjoy how you state "I don't know what the Mint does with what you're talking about above" and then proceed to give various answers/speculations.
I think there is a term for that.
The value of this hobby is the hobby, not the value.
I believe it hit $140 back in January in the alternate universe in which Cougar resides.
Nothing is as expensive as free money.
should melt em, never should have made them past 21, just watered demand down with continual making of these, you cant give the darn things away anylonger
We should call them “beanie baby dollars!”🥴😂
With silver at 66.82 could be a good time to invest. Have been bidding on quality material and many wins.
Conversely At the same time see grossly overpriced material. Will the minus signs in CDN this month be repeated next month?
The minus signs in CDN are already plus signs in CDN. Do you even read your own threads?
The only minus signs were for bullion because silver dropped 10 dollars in July before they went to press.
All comments reflect the opinion of the author, even when irrefutably accurate.
If anything that might be a good marketing tool