The Official Morgan Silver Dollar Thread

That's a beautiful coin, but I agree it's a bit high. 84 cc's aren't exactly hard to find. I'd snap it up quickly if it was in the $500 to $550 range.

 

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What about this one:

 

Really nice Morgan. I'd like to upgrade my GSA 84 with one of that caliber. I think mine spent a lot of time at the bottom of the coin bag lol.

Since we're on a roll with CC's, I'll share my latest. I found this one locally and for a really good price.

 

You're looking at $700 Morgans, do you really think the silver price is significant here?

 

I agree...if I was going to bid, that's the range I was going to make a serious offer.

 

Marginally, but when silver or gold increase/decrease in price, it tends to draw in the marginal buyer/seller and this does drive the price.

I agree it's less so for Morgan's where the premiums to metallic value are much greater. But there's no doubt that a rising silver price leads to increased Morgan demand.

I can't tell you how many friends were asking me about silver as an investment and/or Morgan's or bullion coins when silver was $35/oz. a few years ago.

 

Are these price estimates somewhat accurate ? I am focused on the price DECLINES from 2009 to the present. Surprised because after the Credit Crisis the absolute price of silver and that for MSDs was depressed. Or at least I thought so -- did numismatics increase in price during 2008 and 2009 as financial assets and metal prices tumbled ?

http://www.us-coin-values-advisor.com/Morgan-Dollar-Price-Guide.html

 

Well, I checked the first one - 1889-CC in F12 - and found no record of a sale price in 2009 reaching $900, much less $1200. I've no idea where they're getting their numbers.

 

The Internet is full of these "price estimates." Look long enough and you can find one with the opposite conclusions.

 

I know, right?

I sometimes answer numismatic questions on Quora. A while ago, I got into it with another answerer who used the place to spam-link his "Top 50 Most Valuable US Coins" list, which contained the 1794 Silver Dollar. He was completely unaware that the Pogue MS66+ existed, or was sold recently....

 

SD, what intrigued me was the TREND in coin prices cited over decades and over the last 10 years, even if the specific quotes were off some.

In all the quotes, prices declined 2009 to 2016. Apparently, the same recent declines happened with Franklin Halfs in the last decade.

I was trying to determine if there was something funny going on with some particular coins from 2005-present, as overall metal prices are HIGHER (though well below 2011 peaks) but as these coins all had big premiums you can have specific coin declines for a particular coin (i.e., apparently such a problem has happened with Franklins) that don't affect the entire coin universe or those with more bullion value (i.e., Morgans, Saints, etc.) and wider appeal.

 

Well, at least for 1889-CC Morgans in F12, in real-world sales the price hasn't changed a bit. I used PCGS Auction Results as a source, since it's the largest real-world sales price database available to the public, and went back to 2005. In that 12 years, you can see at a glance that prices have been essentially consistent and unchanging. I really don't have the time or inclination to check the rest, because that was enough for me to tune that source completely out of my mind.

Not like I care about any prices other than what people are actually paying, anyways.

 

I see where you're coming from, but that's a different story. I am not into bullion and don't even check spot prices regularly, but I can understand that high silver prices spark some people's interest in Morgans.

 

Same with Saints and gold prices.

I see this in the financial markets, too. People who are totally afraid of conservative, dividend-paying stocks will ask me about a "friend" who made 300% on options on Apple. How can they get into options and make that kind of money ?

Meanwhile, 90% of what they have is sitting in a bank or MMF.

 

I got turned down for this coin, someone apparently paid up in full:

http://www.ebay.com/itm/351980842569?_trksid=p2055119.m1438.l2649&ssPageName=STRK:MEBIDX:IT

VERY NICE coin and I like the 1903-O story but I thought it was a big pricey even though nice. But someone else has an MS-66+ for over double that price:

http://www.ebay.com/itm/1903-O-1-Mo...773303?hash=item56910d92b7:g:31AAAOSwa~BYO0K5

Condition rarity really drives the price up, wow !

 

Trying to get better at grading these things. What would you more experienced morgan guys grade this 1904-S? Personally I'm comparing it to the images here: http://www.pcgs.com/Photograde/#/Morgan/Grades and I can see it being anywhere from VF20 to VF30 but not sure what would make it one or the other, what should I be looking at comparing the images?

 

It looks to be VF20-25 to my eye. I also compared with Photograde, and that's what I'm seeing. A straight on shot of the coin would help with comparing, but enough detail can still be seen here. I really like Photograde. It's a good tool, especially for beginners.

 

At the opposite end of the spectrum, what do you guys think of those 2 pricey MSDs on Ebay above ?

 

I think it's either a 25 or 30. I compared it with a VF20 I have in 1895-O and I think that one has more detail.

 

The MS66 has an $1875 price on PCGS. He wants full retail, plus a CAC sticker premium. I think his eyes are bigger than most people's wallets for such a coin unless they are after a registry set and have money to spend on it, IMHO.