Where are MS63-66 Morgans headed as Silver continues to rise??

Manorcourtman · April 24, 2011 8:06AM

Where do you guys see common date MS Morgans headed if silver continue its run? I'm talking PCGS 63, 64, 65 and 66's. Curious as to what some of the seasoned dealers see in the coming months/years if silver continues to rise. Any thoughts???

ianrussell · April 24, 2011 8:24AM

If silver continues to run, common-date Morgans in 63-66 will likely increase in value. I don't see it being proportionate though. If Silver goes from $45 to $60, will a MS-63 common date go from $65 to $80, I guess that is likely. But will a MS-66 go from $350 to $465 (same percentage increase)... I don't think so.

Disclosure: I did not think MS-63s through MS-66s would increase so much, so quickly.

People have to be thinking MS-67s are cheap at the moment. I do.

Spooly · April 24, 2011 8:36AM

It's not the MS............... but the circulated common morgans! I got $39.16 each from Apmex on Thursday. I paid $3 each 12 years ago. Alot of common low grade coins are going to get melted down.

fivecents · April 24, 2011 8:42AM

I believe these higher silver prices will only add fuel to the fire.

I see MS63/MS64 PCGS/NGC blast white common date Morgans and Peace dollars prices to continue to rise....quickly.

dbcoin · April 24, 2011 10:26AM

$500 MS65 will come to pass

MrSpud · April 24, 2011 10:37AM

Probably the best investment was the people who bought dreck silver dollars for a low price

roadrunner · April 24, 2011 10:44AM

Where else in the world can one buy a sovereign issued crown sized 1 oz silver coin from the 1800's in choice mint state condition for 3X spot? I can't think of any.
Makes the Morgans from the wild west sort of interesting. Unlike "shipwreck effect" coins with etched surfaces costing multiples more, the Morgans are like the day
they were struck and tossed into hoppers.

roadrunner

fivecents · April 24, 2011 10:54AM

<< Probably the best investment was the people who bought dreck silver dollars for a low price >>

DRECK RULES!!

BigE · April 24, 2011 11:31AM

Excellent job there fivecents!------BigE

Flatwoods · April 24, 2011 11:37AM

I don't follow the trends much.
A dealer friend who does, told me three months ago that common date 63's were going to $100 this year and 64's to $200.
Where he got this info. I don't know. His prediction is looking more likely all the time though.

roadrunner · April 24, 2011 11:51AM

<< I don't follow the trends much. A dealer friend who does, told me three months ago that common date 63's were going to $100 this year and 64's to $200.
Where he got this info. I don't know. His prediction is looking more likely all the time though. >>

All he had to know was that certain dealers were accumulating them for a promotion. The rest just happens.

roadrunner

WTCG · April 24, 2011 12:26PM

<< $500 MS65 will come to pass >>

Doubt it.

2manycoins2fewfunds · April 24, 2011 12:32PM

What is bid on slabbed 60s through 65s???

ianrussell · April 24, 2011 1:09PM

<< 

<< $500 MS65 will come to pass >>

Doubt it. >>

Agreed. $500 65s would mean $150-$200 silver? I don't know, something like that though.

- Ian

BAJJERFAN · April 24, 2011 1:29PM

<< 

<< Probably the best investment was the people who bought dreck silver dollars for a low price >>

DRECK RULES!!

>>

Your stuff is schlock or widgets!!

This is dreck.

keyman64 · April 24, 2011 1:37PM

Schlock and Widgets GOOOOOOOOOOOOOOOOOOOOO UP!!!!!!!!!!!!!!!!!!!

Silver is up $1.29 in Asia right now....to $47.89

RedTiger · April 24, 2011 3:12PM

The promoters will decide when they pull the plug. When they do, it will be like the classic gold market when they pulled the plug there. Many will remember that promoters drove premiums to some common classic gold coins to 150% over melt value. Now they are back to about 5% to 10% over spot for the same coins. That hot money is now pounding into generic Morgans. It will be interesting to see if they branch out, and go for Walkers or circ Bust Halves or other numismatic coins that may be available in quantity, or stick to Morgans then pull the plug.

As for $500 for common MS65s, certain "select" clients may already paying close to that. The ugly side of these promotions, and that side of the coin business, is that a lot of ordinary folks get buried. Whether they get to $500 on the GS, depends on how many marks the promoters can line up, with their radio ads and hard sell phone calls.

coinsarefun · April 24, 2011 3:13PM

Silver is $49.00 as of this moment

metalmeister · April 24, 2011 3:30PM

Anyone else remember true certified MS65 Morgans going for $500 back in the 1980's?
I remember folks lining up at the coin shop during the boom.

robkool · April 24, 2011 4:06PM

It will hit $50 bucks more sooner than you think...

dbcoin · April 24, 2011 8:22PM

<< 

<< 

<< $500 MS65 will come to pass >>

Doubt it. >>

Agreed. $500 65s would mean $150-$200 silver? I don't know, something like that though.

- Ian >>

I'm thinking more like $75 silver will get to that price. I said a few weeks back that $50 silver would mean $300 Morgans. I think we're there

Where are MS63-66 Morgans headed as Silver continues to rise??

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