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Greysheet bid is $111 for common date MS64 Morgans MS63 at $68 *Prices about to drop like a ROCK*
fivecents
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These are being run up every week.
SELL SELL SELL. MS64 and below grades are about to drop like a rock along with silver prices.
May 6 2011 Greysheet bid prices:
Common date Morgan 1$:
MS66....$400
MS65....$215
MS64....$106
MS63....$68
Common date Peace 1$:
MS66...$580
MS65...$195
MS64...$95
MS63...$68
SELL SELL SELL. MS64 and below grades are about to drop like a rock along with silver prices.
May 6 2011 Greysheet bid prices:
Common date Morgan 1$:
MS66....$400
MS65....$215
MS64....$106
MS63....$68
Common date Peace 1$:
MS66...$580
MS65...$195
MS64...$95
MS63...$68
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Of course if prices shoot up this fast they can suddenly decline just as fast. That is a very strong possibility.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
With $83 for MS64 Morgans even the strong hands will be selling everything they have I would think.
The common date MS65 Morgans at $163 they are not keeping pace with the MS63 MS64 price increases. This makes me think the MS63/64 price increases are due to the high greysheet prices for VG common date morgans at $31+.
At this moment, melt is $29 for Morgan and peace dollars.
I stopped buying the MS64 Morgans at $61 and thought I was paying too much then.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Too bad you can't even give them away. >>
Board member WTCG just posted above he would pay full bid price for white coins Bajjerfan. The Morgans you had posted on the PCGS BSt were way over GS bid price.
<< <i>
<< <i>Too bad you can't even give them away. >>
Board member WTCG just posted above he would pay full bid price for white coins Bajjerfan. The Morgans you had posted on the PCGS BSt were way over GS bid price. >>
You have to look at the list. I'm not going to sell a 79 or 81-o or 21 in 65 for $80. Actually if you do the math at $1065 delivered, that is UNDER GSB [1090] from 3/11/10.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
No doubt a lot of speculation going on here. One source told me that a lot of these are being purchased overseas because the dollar is
so weak against other currencies. They see our 125 yr old choice BU coins of the realm priced at $90 in MS64 and they think they are cheap
compared to what something comparable in their coinage might be. How many countries had the luxury of pounding out hundreds of millions of silver dollars from
cheap silver in the late 1800's to early 1900's? While our supply of choice BU Morgans is large, it's not inexhaustable compared to all the silver billion
in the world and still in the ground. A lot of dusty BU bags are being sent in for grading now because for the first time in 20 yrs it's very profitable to slab 63's and 64's.
roadrunner
<< <i>$40 bucks was my limit on these MS64's... And the last one I bought was in a pcgs ogh. >>
I bought most of my widget Morgans years ago. I remember flinching when MS64s went to $46 GS ask. I bought a few at that price and it dropped back before this most recent climb. The most expensive common one I bought was $75 for a rimmed toned 1897 in a small white ANACS 64 holder when GS was about $50 and retail about $63. I wonder if I can get out even from that burial now?
My theory is that some of the big telemarketer firms are pumping these coins. If my theory is correct, some of their "select" clients might be paying 2x to 3x sheet for their prizes.
Here is the other type of coins I have been hoarding since bid was $10 stopped buying at $16:
<< <i>When plastic slabs started GSB was over $500 for common date MS65 Morgans. >>
And a decent portion of those early 65's would probably grade 66 or possibly even 67 today.
roadrunner
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
As fast as their values have been increasing, those coins have the potential to fall back to half their current values in a blink of an eye. None of those grades are scarce, and my opinion is that the current prices are basically all the money they're worth. The dealers now who have those coins and are holding out for an extra few dollars while not wanting to sell now may be the ones who are ultimately left holding the proverbial bag at the end of the run.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
roadrunner
<< <i>Well I should have purchased a boat load of theses. I've been out of the loop on Silver Dollars they've really done well considering collectors never thought they'd ever be worth very much. The $34 for common culled Peace Dollars thread woke me up, I wouldn't pay melt for those unless they keys or semi-keys >>
I went looking for evidence to support my theory about the radio ad guys. One of the big national advertisers lists average circ Peace dollars for $54, Walkers for $21, on their website (no I ain't gonna link it because with three guesses most radio listeners will find it if they want, and they don't need anymore traffic at those prices). Wowsers. They say to call for pricing on Morgans. Anyone want to play taps for the financial burial?
With the recent run up in prices, I can see these as a relatively easy sell for a smooth talking pitchman (or woman) over the phone talking to the typical know-nothing investor that buys from the big firms.
I do like the fact that, due to silver, etc, some of the ones I "overpaid" for a few years back are now worth something (I have some raw UNC that I bought for $24+....woohoo )
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I have heard a rumour that this particular person (I do not know who or what) is ready for buying up to a million pieces.
If this is true prices might not be going down for awhile.
Dennis
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<< <i>I do not know of this is true, but from what I have hold these are especially being bought for a single source.
I have heard a rumour that this particular person (I do not know who or what) is ready for buying up to a million pieces.
If this is true prices might not be going down for awhile.
Dennis >>
After he gets mine, he'll only need 999,992 more.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>86 now >>
They keep on moving up.
<< <i>Maybe this is the Greysheet authors way of ensuring that all the MS63/MS64 aren't sold for melt... a self-policing of collectors so they don't destroy all the mid-grade (and lower) common silver dollars. >>
I think the greysheet has been lagging in this pricing. There are definitely many dealers bids out there at this level, not much to do with greysheet.
I see that some are calling for the bottom to drop out. I am taking the other side of the trade here. These could really start to run higher if silver continues higher.
<< <i>PCGS price guide has MS65 Morgans at $225 now. This is the highest since I started collecting 6 years ago. If silver goes to $50, these could hit $300
I see that some are calling for the bottom to drop out. I am taking the other side of the trade here. These could really start to run higher if silver continues higher. >>
For 65s, I don't see a $13 run in silver adding $75 to their value, but prices have been increasing at a very fast pace (just in a week, 65s have gone up 15% or more).
Also, I think as someone pointed out, there are very different qualities of Morgan dollars, white, attractive, etc., that should still sell for premiums compared to dark or unattractive dollars.
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>The main factor that is keeping prices in check is the availability of these coins in large quantities. As we all know, slabbed common date dollars can be found at virtually any given coin show of any size and large quantities can be had at a price at a moments notice. Even in MS66 they aren't remotely scarce. >>
And 66s only just started to move, right Wei? And 67s not so much yet?
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
<< <i>
<< <i>The main factor that is keeping prices in check is the availability of these coins in large quantities. As we all know, slabbed common date dollars can be found at virtually any given coin show of any size and large quantities can be had at a price at a moments notice. Even in MS66 they aren't remotely scarce. >>
And 66s only just started to move, right Wei? And 67s not so much yet?
- Ian >>
MS66's are starting to move and I have at least three large buyers hounding me for those. 66's had been dormant for a long time.
MS67's took a nosedive both in demand and value a few years ago and had been nearly unsalable until recently. They've increased in demand and value lately but not as quickly as the lower grades.
On a side note, I just landed in Taipei after flying on various aircraft for all but about five hours since 9:00am EDT 4/2 so please excuse any grammatical errors for the time being.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>lets see what the bids are tomorrow. >>
I will bet the bid prices will be up,up and way.
You are quite the jet setter Wei. Hope you have a safe and fun trip.
<< <i>For 65s, I don't see a $13 run in silver adding $75 to their value, but prices have been increasing at a very fast pace (just in a week, 65s have gone up 15% or more). >>
Good point Ian.
Common date 63 and 64 Morgans are climbing while EF and AU dates such as the 1896-s, 1901-s and other semi key dates are off from where they were a year ago- this is not collector driven
Experience the World through Numismatics...it's more than you can imagine.
<< <i>Common date 63 and 64 Morgans are climbing while EF and AU dates such as the 1896-s, 1901-s and other semi key dates are off from where they were a year ago- this is not collector driven >>
Comparing BU Morgans to XF AU Morgans is comparing apples to oranges, even if the circulated Morgans are much better date coins.
The average collector probably owns a couple. Maybe a dozen. They might or might not be tempted to sell out at these current levels. The hard part is buying a couple of pieces
from each collector to deliver them to whomever is the end buyer. That takes time. In the scheme of things $100-$150 MILLION in slabbed 63/64 Morgan dollars is not a huge
amount of money in the world today.
The prices will finally level out (or collapse) when silver is finally done with it's currently 9 year old bull market.
roadrunner
What is the sheet price on those?
Its not about rarity or collectors... it is something else. Lets watch and see what happens
Experience the World through Numismatics...it's more than you can imagine.
Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
roadrunner
63 $73
64 $107
65 $235