What do you think will happen to MS63/64 Morgans and Peace greysheet values?

Ahrensdad · May 3, 2011 6:14AM

With the the big two day drop in silver?

If a promotion is being put in place, will the prices stay where they are, or will they head down as silver goes down?

STONE · May 3, 2011 6:18AM

I don't see why prices shouldn't fall as well. Silver had its little bubble, and that may have just burst.

Morgan Dollar prices were only recently, and for a very short time, adjusted to this high silver price, so
they should equally come back down, although lowering the price will probably be slower than the
speed by which the price increased in the price guides!

Ahrensdad · May 3, 2011 6:24AM

Stone,
I agree with you on this if the price of silver were the sole driver. However I thought I heard a large player was getting ready for a promotion and that's really what moved the market so quickly.

-Andrew

WTCG · May 3, 2011 6:28AM

<< <i>With the the big two day drop in silver?

If a promotion is being put in place, will the prices stay where they are, or will they head down as silver goes down? >>

Greysheet numbers are based on bids from before last week. Consequently, Greysheet numbers on generic and commonly traded coins are not accurate. In a rising market Greysheet is lower than current bids, in a declining market Greysheet is higher than realistic bids.

So far today the bids on Morgan and Peace dollars have retreated across the board although the numbers are mostly higher than what they were ten days ago.

roadrunner · May 3, 2011 6:54AM

With silver dropping approx $9 one could expect today's prices to be $10+ lower across the board than a week ago. I would not expect to see them immediately
fall back 30-40% (ie 2X leverage to silver price).

roadrunner

ricko · May 3, 2011 6:56AM

Expect silver to go back up.. this is the beginning of the week and profit taking is occurring.. Cheers, RickO

beckes · May 3, 2011 8:48AM

I have noticed several auctions selling 100 or more dollars, that ended Friday or just earlier. (Obviously selling for melt.)

Can you imagine having that order returned with a 7 day policy, plus adding in shipping times? Even if you state selling for melt or bullion, EBay will ALWAYS side with the buyer if the wish to return it.

That being said, I hope my local got buried since Monday. Most rude, terrible, insulting person on the planet. I just wish I would have unloaded a couple hundred face on him Friday! HAHAHA

questor54 · May 3, 2011 9:14AM

The value of everything always changes.

truthteller · May 3, 2011 11:11AM

If I had 86,000 Morgan dollars in the pipeline, I would be a wee bit worried right now.

TRUTH

coinkat · May 3, 2011 11:31AM

lower...

Just afew comments-

folks are making big money playing both sides of the silver market

Morgans will drop this week and possibly next week- think longer term

What do you think will happen to MS63/64 Morgans and Peace greysheet values?

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