Will the Eagles continue to fly high...???

Gemineye · January 2, 2012 11:26PM

Considering the fact that the Silver Eagle series is a favorable and what seems to be a profitable collectable.How well would the entire series be in the long run with the Bullion issues.WOULD these be considered to be of a high value collectable as the Morgan Dollars or are these coins simply overlooked.The Bullion issue coin mintage range in the ..millions..such as the Morgans.Will these coins too be highly prized as a complete ..Modern..set.
Would you only cosnsider ths Proofs alone to be desired or the Bullions.?? There are some Morgans in Mint State valued at higher prices than the Proof...as you can see I am making a comparison between the Morgans and the Eagles.

Yukoncornelius1 · January 2, 2012 11:33PM

My personal opinion is the bullion coins will always be bullion unless the mint stops making silver eagles.

The proof coins are the collector coins, the mintages are much smaller plus they are visually far superior to the bullion strikes.

The only exception to the rule is the 2011-S in the 25th set but technically this is a burnished coin so it is not really a bullion coin.

Besides the 2011-S the 2011 reverse proof and of course the 1995-W proof are the key coins, the 2008 reverse 2007 coins are a variety but also a key coin worth collecting IMHO.

pmac · January 2, 2012 11:41PM

<< My personal opinion is the bullion coins will always be bullion unless the mint stops making silver eagles.

The proof coins are the collector coins, the mintages are much smaller plus they are visually far superior to the bullion strikes.

The only exception to the rule is the 2011-S in the 25th set but technically this is a burnished coin so it is not really a bullion coin.

Besides the 2011-S the 2011 reverse proof and of course the 1995-W proof are the key coins, the 2008 reverse 2007 coins are a variety but also a key coin worth collecting IMHO. >>

In a way, the Morgan dollar was a bullion coin also, although it sold for face value (also the value of silver). Not many were used as circulating dollars, but as bank transfers and kept in their mint bags. Eventually they did have some circulation, but this is the reason many can be found in mint state (not because collectors kept them in their collections).

ricko · January 3, 2012 12:38AM

Fifty to a hundred years from now.... ASE's will likely be highly desired.. IF the U.S. is still a viable entity... well, even if it is not, but that depends on the state of life at that time. Cheers, RickO

ambro51 · January 3, 2012 1:47AM

Circulation and forced melting make the Morgan dollars impossible to compare with the silver eagle coins. You'd be better comparing them to proof sets.

Gemineye · January 3, 2012 1:49AM

<< Fifty to a hundred years from now.... ASE's will likely be highly desired.. IF the U.S. is still a viable entity... well, even if it is not, but that depends on the state of life at that time. Cheers, RickO >>

Well I hope I'm still here after 12/21/12 anyway....!!!!

ModernCoin · January 3, 2012 1:58AM

<< Circulation and forced melting make the Morgan dollars impossible to compare with the silver eagle coins. You'd be better comparing them to proof sets. >>

I disagree with that statement as Morgan's were initially essentially a bullion coin, though that changed as some circulated. Even though the comparison isn't exact, it's still worth making on some level IMO. Couldn't the same thing be said for trade dollars on some level? It's my understanding that people 120 years ago hated them and didn't circulate them, but last I checked they're worth considerably more than bullion today. Again, that's not an exact comparison, but it's still worth considering...

I think something else a lot of people don't understand is that for those of under under 40, ASE's are our generations's silver dollars. Young folks who start to learn about politics and 'sound money' view ASE's differently than many of the legacy collectors on this board (IMO). I'm not pretending to know the future, but to discount ASEs as simply 'bullion' is a mistake I'm not going to make. If I'm wrong about ASE's my children will one day inherit a silver hoard. If I'm right about them, one day they'll inherent a silver hoard with numismatic value. Either way as long as you're paying sensible premiums for ASEs they are a win/win in my book

.

To each their own though...

Coins101 · January 3, 2012 2:02AM

<< Circulation and forced melting make the Morgan dollars impossible to compare with the silver eagle coins. You'd be better comparing them to proof sets. >>

Circulation really isn't an isue as other than someone loosing one or two, they never really wore out to a point where they were taken out of circulation and destroyed (ye, I have seen some really worn Morgans but seeing them means they were still circulating). As for forced melting, I was unawared that occured. However, who knows what the future bring and the ability to keep bullion silver. In fact, who knows if at one point we won't have to turn in all of our gold and silver, no matter what it is. With a stroke of the pen, it could all be taken.

ModernCoin · January 3, 2012 2:44AM

<< 

<< Circulation and forced melting make the Morgan dollars impossible to compare with the silver eagle coins. You'd be better comparing them to proof sets. >>

Circulation really isn't an isue as other than someone loosing one or two, they never really wore out to a point where they were taken out of circulation and destroyed >>

The point I believe ambro51 was making was the fact that everyday people would sometimes come across/receive Morgan dollars during day to day life. I'm not speaking for ambro51, but many people believe that unless the coin was struck for the general public to be used in commerce, than it's simply a medal or bullion collectible and not a coin and will therefore have limited collectability in the future.

pf70collector · January 3, 2012 2:56AM

I don't collect the series much anymore other than the Anniversary Sets. I think interest would wane if the mint ends the series and most would be relieved that they don't have to get the current year's offering to complete there sets. I had a lot of spotting issues with the MS and some of PF 70 ASEs. Luckily not my 1995W 69 PF, 1994 W 70 proofs. However, I must state, I was really pleased that NGC replaced all my NGC PF 70 and MS 70s when they went in for spot review. Both PCGS and NGC stand behind the spot reviews.

kiyote · January 3, 2012 3:16AM

SAEs are being melted as well, for sure. With the skipped 2009 proof, the rev proofs, the 08/07 error and just how great a complete set looks (I prefer Dansco albums for the Uncs for the amazing toning) it makes a great series to collect!

Coins101 · January 3, 2012 3:49AM

<< I think interest would wane if the mint ends the series . . . . >>

I think the same is true for Morgans. Since you can't get them from circulation and trying to complete a set is impossible for 90% of anyone thinking of collecting them (you can't say that about the ASEs), I don't think there is much interest in Morgans except for a select few with very deep pockets. Besides, the ASE are a much better looking coin than the Morgans. IMOP

Obtaining a full set of ASE, say MS/PR 68 or higher, won't cost you nearly the same as a set of Morgans, even at a lesser uncirculated/proof grade.

ModernCoin · January 3, 2012 4:05AM

<< I don't think there is much interest in Morgans except for a select few with very deep pockets. >>

Morgans are arguably the most heavily collected US coins out there so I'm not really certain what you're trying to say here. It's definitely true that it will cost a fortune to put a set together, and therefore very few people will try to do so, but you simply have to go to a coin show and see table after table of Morgans to realize just how popular they are.

Perhaps you meant to say that they're not very popular with 'completist'?

Coins101 · January 3, 2012 4:20AM

<< 

<< I don't think there is much interest in Morgans except for a select few with very deep pockets. >>

Morgans are arguably the most heavily collected US coins out there so I'm not really certain what you're trying to say here. It's definitely true that it will cost a fortune to put a set together, and therefore very few people will try to do so, but you simply have to go to a coin show and see table after table of Morgans to realize just how popular they are.

Perhaps you meant to say that they're not very popular with 'completist'? >>

That only shows there is alot of dealers with huge inventories for sale. I would bet most morgans minted are still around (still aven't heard of about forced melting) Maybe some dealers could speak as to how many younger collectors are actually buying Morgans. I believe few. Sure, there are the older generation (which I am part of) who may have or do collect them but I think that number is declining.

As for "Morgans are arguably the most heavily collected US coins", I don't think so. I am sure the Lincoln penny blows them away.

Gemineye · January 3, 2012 4:33AM

<< 

That only shows there is alot of dealers with huge inventories for sale. I would bet most morgans minted are still around (still aven't heard of about forced melting) Maybe some dealers could speak as to how many younger collectors are actually buying Morgans. I believe few. Sure, there are the older generation (which I am part of) who may have or do collect them but I think that number is declining.

As for "Morgans are arguably the most heavily collected US coins", I don't think so. I am sure the Lincoln penny blows them away. >>

The Pitman act of 1918 forced the melting of over 200,000,000 Silver Dollars.....

ModernCoin · January 3, 2012 4:45AM

<< That only shows there is alot of dealers with huge inventories for sale. I would bet most morgans minted are still around (still aven't heard of about forced melting) Maybe some dealers could speak as to how many younger collectors are actually buying Morgans. I believe few. Sure, there are the older generation (which I am part of) who may have or do collect them but I think that number is declining. >>

I agree with your assessment that most Morgan collectors are older folks, but I think you're kidding yourself if you think dealers would waste their time at shows to set-up with tables full of Morgans if people weren't buying. It costs money and time to set-up at a show and I see several Morgan guys at the shows I frequent so I have a hard time believing they would keep setting up if customers weren't making it worth their while...

Another thing to consider regarding melting is just how many coins were melted in the late 70s/1980 run and even over the last few years. Millions of lower grade silver dollars have been sent to the melt bucket, but obviously it's impossible to determine how many have met such a fate.

Coins101 · January 3, 2012 4:59AM

Actually, the Pitman act of 1918 authorized the meling of surplus silver dollars to settle debt and preserve the US gold supply. At the same time authorized the minting of the same number of silver dollars from newly mined silver. Frankly, I believe the silver dollar wasn't very popular back then (much like the Eisenhower dollar and the dollar coins of today) and the mint and banks had piles sitting around doing nothing. Therefore, the US authorized (not forced meaning they required people to turn them in) the melting.

Here is a good read from ATS:

LINKY

dbldie55 · January 3, 2012 5:08AM

Never heard of a Lincoln penny, but I would think the Lincoln cent is the most collected coin for a variety of reasons. Morgans would have a much smaller collector base, but is still one of the largest groups of collectors there is. There are also many people who own Morgan's for their silver content, just as a majority of the silver eagle owners do.

philographer · January 3, 2012 5:09AM

<< Fifty to a hundred years from now.... ASE's will likely be highly desired.. IF the U.S. is still a viable entity... well, even if it is not, but that depends on the state of life at that time. Cheers, RickO >>

Perhaps they will have Chinese chopmarks?

--Edward

Gemineye · January 3, 2012 5:49AM

<< 

<< Fifty to a hundred years from now.... ASE's will likely be highly desired.. IF the U.S. is still a viable entity... well, even if it is not, but that depends on the state of life at that time. Cheers, RickO >>

Perhaps they will have Chinese chopmarks?

--Edward >>

I wonder if they would bring a premium..??.....

Coins101 · January 3, 2012 6:11AM

<< Never heard of a Lincoln penny, >>

That doesn't make cents!

Penny is used by the general public much more than cent. ask for 5 pennies and you will get 5 pennies. Ask for 5 cents and you will get a nickel.

bsshog40 · January 3, 2012 6:27AM

To me it's hard to compare the Morgan to the eagles. I collect the eagles because I just like them. I collect Morgans also but Morgans just seem to give a more variety of collecting. Eagles are proofs and Uncirculated. Morgans are Proofs, Uncirculated, PL, DMPL, Vams, etc... Just soo much more associated with them that make them more popular with collecting. I think eagles will always fly as high as they have been, but as years pass, Morgans will continue to hold thier ground even better. jmo

WTCG · January 3, 2012 11:15AM

Silver Eagles will be in demand as long as bullion is in demand. They depend on metal prices.

Philadelphia Eagles never flew high this year. Not that many people will have a problem with that.

Will the Eagles continue to fly high...???

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