what did an MS-63 1882-CC Morgan dollar sell for(retail) Redbook at the height of the Hunt Brothers
1907Quarter
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I want to do a study of how the price of precious metals affect collector coins.
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A 21 Morgan in MS60 was going for $40, in other words, the cost of spot and no more.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I don't know specifically what an MS63 sold for at that time, but I do recall that the GSA (who was conducting the final sale of GSA dollars), had to change their minimum buy prices even before the sale got underway.
On 13 November 1979, the GSA announced that it would be selling the remaining uncirculated 83-CC's at $42.00 each and the remaining 84-CC's at $40.00 each, minimum bid. Mixed Year CC dollars (those sold in the Silver Dollar holders) were to be offered at $20.00 each, minimum bid.
By 8 February 1980, the GSA changed the minimum bid on the uncirculated 83-CC to $65.00 and the 84-CC to $60.00. Mixed Year CC minimum bid prices were raised to $45.00.
These price changes outraged a lot of bidders as many used mailing forms that were printed in November and thereby underbid on the coins.
GSAGUY
You really can't use the Redbook prices as any kind of a guage for what the Hunts run up on silver did to coin prices because it doesn't come out often enough. Remember the 2004 redbook prices were compiled in 2002. So the 79 Hunt influence would be in the 1981 Redbook! You must also consider how brief this "blip" in silver prices was. While silver was on a steady march upward all year, the real crazy prices only lasted 4 months. (although they stayed high for some time afterward.)
Silver started 1979 with a high in Jan around $6.75 by August it had worked its way up to a high of $10.48 (Prices are Handy& Harman). The next three months moved to a new plateau, Sept 16.85, Oct 15.45, Nov 18.77 Then the craziness begins. Dec $28.00 Jan $48.00 Feb $39.00 Mar $36.70 And the crash back down to the former plateau Apr $16.40 May $13.80 June $17.65 July $16.95 It then stayed at this plateau for the next year
Date MS-60 MS-65
11/78 $30 $35 (Denver Gold & Silver Exchange)
4/79 $36 $45 "
9/79 $75 $85 "
1/80 $85 $90 "
3/80 $95 $110 "
3/81 $120 $160 "
11/83 $93 $110 (Antiques & Coins)
4/85 $93 $106 (Jakes Marketplace)
It looks as if 3/81 was the height of the price level for 82-CC Morgan Dollars in the eighties. Of course one must take into consideration that grading of Morgan Dollars was "different" by today's standards, but the above chart gives you some idea as to how the silver boom affected collector coins.
Dennis - jadecoin
designset
Treasury Seals Type Set
<< <i>It looks as if 3/81 was the height of the price level for 82-CC Morgan Dollars in the eighties. >>
Try later in the decade. At the height of the boom market of 88 - 90 MS-65 1881-S dollars were pushing $800. I really think the 82-CC's in 65 would be higher.
1882-CC
1966 redbook VF $12 EF $13.50 Unc $25 has the 1893-S Unc at $4500 minimum S$ at 2.50
1978 redbook VF $16 EF $18 Unc $30 has the 1893-S Unc at $25,000 min$6
1980 redbook VF $15 EF $18 AU $27 MS60 $37 MS65 $50 has the 1893-S MS60 at $20,000 min$7.25
1981 redbook VF $33 EF $35 AU $45 MS60 $90 MS65 $125 has the 1893-S MS60 at $25,000 min$22
it looks like the top end didn't really bump up - just the bottom end
if you want to buy some old redbooks PM me - I have about 10 from last 35 years