I do not understand these prices

If you go down to the MS-69 grade, the price often drops by 25-50%...sometimes more !!

Lots of people chasing "perfection" drives up the price....and believe me, very few here can tell the difference between a 70 and a 69. So while I have a few conversation pieces with the 70-grade....I also have some 69's that look to me as blemish-free and I paid half or less than what it would have cost me for a 70 coin. This includes ASEs and some silver commemoratives that cost me $75 - $300.

 

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YEAH, me too!!! BU franks starting at 20.00, Pass.........

 

I never could bring myself to collect coins graded 70. Just too much money. With my luck the coin would turn ugly in the holder.

 

That's a definite risk with a pricey coin. For what I have paid for silver, it's not a huge risk.

But imagine buying that 1995-W ASE in PF70 DCAM and paying $10,000 or so. It turns, the value is probably $2,500.

 

I bought the 95W from the mint in the gold set . I won't ever have the Silver Eagle graded. Changing from the mint capsule to a slab is where all the problems start. After 30 years in the mint holder, the coin still looks perfect.

 

I bought 40 2000 ASEs from the mint 25 years ago. They were in the US Mint soft tubes, 2 rolls of them. I pull them out every 3 or so years just to gander at them. Some of them somehow have toning now. Is that normal in that kind of container?

 

Better than milk spots to me, and they went up considerably haven't they!! Barney

 

I'm not sure. I haven't checked prices because I don't want to sell them. It's kind of a sickness. I would not mind parting with a bunch of circulated Peace dollars but damn, I'm not giving them away for 23 dollars per, that's what a dealer quoted me a couple of month ago.

 

FYI: Three month silver price history:

 

its up melt is 29.00 plus

 

? I don't understand. At today's 38/ounce, 90% constitutional is still over $34. What's the deal with that?

 

A Morgan or Peace dollar weighs less than a troy ounce.

 

Market desirability markup. This is not uncommon since a not-insignificant portion of the buyers love these coins' size, history and recognizability.

 

I understand that. That's why I thought historically US silver and gold coinage carried a premium over spot. (even factoring that a silver dollar is not quite a troy ounce, and only 90% at that is silver. Generally Morgan dollars carry a premium over spot for numismatic value alone. I've recently learned circulated Peace Dollars are the red headed step children of US silver coinage.

 

Yeah Barn agree !!Except for 1928, and 34s and oblivious the first year.

 

I find myself agreeing with this. My personal exception is Libertads, mostly because I love the coins so much, but there are some low mintage, tough years that if you can find at a good price you wont get hurt that much and are worth collecting.

But generally, personally, and mind you I'm no expert, I either buy Bullion of I collect and dont like to mix the two up. I'm looking right now at a 1oz Krugerrand and a big pile of 1 oz silver coins and bars that just arrived that I bought at a dip. This metal is where I'll park cash instead of keeping it wasting in a savings account or low interest account in the currency more and more losing its worth. In it are 5 BU 1921 Morgans I'll never make a dime on but I'll keep as eye candy or give away as gifts.

On my wall is a big display of coins and currencys from the first 1/2 of the 20'th century mapping the turbulent years leading up to the 2 World War's and I did this project to remember the victims of the horror and the Heros who won it. I probably would never make much on it but I'll pass it on to my son. Thats collecting. I have some good Morgans from some good years and from some good mints. Thats collecting.

But I'm not rich and my first responsibility is to family so bullion must come first so I can then have a little fun dabbling in collecting.

 

Just noticed on the fleaBay Morgans that are just average circulated (not culls nor AU) are selling currently in lots of 10 and 20 for about 34-35 each. Of course it's a pain to ship and pay the 13% vig, but they are moving.

 

My experience is that common modern silver dollar commemoratives are the real underappreciated in the 90% US silver dollar family. I regularly buy UNC & PR-60+ modern comms for much less than an UNC common Morgan/Peace. They are physically the same coins, but one category is purely hyped overpricing.

 

Its 39 do I hear 40 40 40 40 now 39n now 40 .. here we go get you some right here..

 

Talk all over the internet is that a lot of silver is being melted. 90%, bars, everything. Central banks (India & China, maybe Russia) are buying silver like crazy. They don't want bags of 90% in their vaults.

Also heard from a dealer I don't get to see often that he can't sell Pandas. His shop is in Central / Western PA and customers aren't interested in things from China. Pandas that were once coveted are not chosen over generic options. Anyone else experiencing this?