Proof Morgan MS 70 4 Coins?

yes. I think so as well. As a matter of fact, I just ordered the 2022-W. Dcam pr70 Liberty. It only hurts for awhile! Lol. An early happy birthday gift to myself. Lol

 

Log in or Sign up to hide this ad.

250,000. Not low mintage

 

thanks for the link rob. With the coin graded and protected, I feel better knowing my fat greasy finger will stay off of the coin..

 

the lowest mintage year for peace coins was around 100000 from what was mentioned last night. 2021 was around 200000. 250000 for 2023 is in line with other low number production years? Pumped out in larger quantities should make the demand less important. Low production coins from CC or O always demand higher prices from what I’ve seen. I would think lower production mintage numbers would have a similar effects? JMHO..

 

At least your price was a lot less. As I have aged I have shied away from the mint. I don’t like the designs and their prices have risen. I much more prefer the real coins from the 1800’s.

 

nut, I like older coins as well but they are harder to obtain. Most of my coins came from estate sales and auctions. Doing shows or trading with friends can help build a nice collection but the older I get, the worst my eye get, the better it is to buy the shiny stuff at the top. Lol

 

I assume you are talking about the 1921 Peace and Morgan CC and O dollars from the 1878-1904 period. Those mintages were for coins meant for circulation. The surviving numbers of those in high grade (MS67-69) are scarce because they were used to actually buy things. The mintages for the modern proofs are lower, but they are for only one purpose, collecting. They won’t get worn from every day use in the grocery store or gas station. 99+% will always be just as they were minted.

by comparison, look at the mintages of Morgan proofs from the 1880’s. Most of those years the mintages was around 1,000.

 

Yes Rob. The proof coin numbers are higher today but the total coins minted is lower. They are made for different reasons today. The overall question is, will todays coins be valuable in 2123? I say yes but will never know for certain. In the 1880s, the number of hobbyists were fewer and there wasn’t as much of a demand as there is today. It’s a business today with lots of buyers and a demand. I wonder how much a proof coin cost in 1880? By comparison, I’d say todays prices are a bargain.

 

randy, looking at coins as stored wealth is accurate. You can put it under your mattress and sleep on it. Looking at coins as an investment can be the same. Paying hundreds of thousands for a coin can be both an investment and a way to hide wealth. Not something I’ll ever lose sleep over! Lol

 

LOL! I always figure if I store fifty bucks in the bank, it will soon show up as a pair of shoes on my wife's side of the closet. If I buy myself a Morgan with that fifty bucks, it won't materialize into a new pair of shoes!

 

happiness is the bottom line! Yours or hers! Shoes are a great investment.

 

I agree. I’d rather buy a coin graded Ms 69 and save money any day of the week!

 

yes! We can buy ms69 coins and save a few bucks or we can shop and buy ms 70 coins for a few bucks more. I own both and sitting beside each other, they look identical! Sometimes I think these graders need longer coffee-breaks.

 

I've always said if you took identical coins ms69 and MS70 and put tape over the label most people wouldn't be able to tell you which was which without very high magnification.

 

Jeff, you are correct. It is Hard to tell the difference!

 

I've always said there's absolutely nothing wrong with MS69. MS70? Is there such a thing as a perfect coin? Many seem to think so and pay plenty for it.

 

We all have different reasons for collecting coins! Ms70 or Ms69! Some buy to flip quick at a profit and some buy to stuff away. One thing for sure, it’s a multi billion dollar industry and the sweeter it is, the more flys it attracts.

 

Usually it's a white spot, a small mark on the rim that nobody pays attention to, a toned area, haze, a speck. It's similar to a Where's Waldo hunt looking for the flaw.

I've submitted quite a few ASEs and modern Morgans and Peace. In my experience, knowing what it takes and being selective or resigned to the fact that one will likely come back a 69 and I send it anyway, I've had a high success rate getting 70s from NGC. There's a cost to grading but for many, it's far cheaper sending them in yourself and taking the gamble than paying the premium to somebody else. If you win you win, if you lose you lose and can sell it if you want.

 

I understand the reasoning. Save went you can. Why not! Buying graded coins just removes the gamble and minor disappointment for me. That said, I’ve got six raw gold coins at PCGS going through the process right now. I missed a lot of those first day of a strike sales by more than a 100 years! Lol! I wonder how much a $20 in ms69/70 grade would have cost back then.