Why is Morgan Dollar numismatic value dropping?

Discussion in 'US Coins Forum' started by Kazmer81, Jan 26, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Right, but if the trend was down before the event hit, prices will then resume going down.
     
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  3. baseball21

    baseball21 Well-Known Member

    Tons at this point, some will just take longer than others to pay off
     
  4. wxcoin

    wxcoin Getting no respect since I was a baby

    I heard that Charmin is soft right now.
     
  5. HaleiwaHI

    HaleiwaHI Active Member

    But is this the bottom? It seems like there's quite a bit of dropping (or correcting) to go.
     
  6. baseball21

    baseball21 Well-Known Member

    "Correcting" no and that's an absurd narrative some try right now.

    Bottom for some doubtful. Sports are canceled for at least the next 6 weeks, use that an an indicator for normalcy. Would buying stocks right now with good picks work in a year or two or long term almost certainly, could it hurt for many weeks before it works yes. Don't really have to catch the bottom bottom on things though and every one of them is different.
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    In other bottom-finding news...
     
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  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    You can squeeze the Morgan but please, don't squeeze the Charmin.
     
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  9. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    33A5221C-549C-445D-A3F9-D56BE90974CA.jpeg
     
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  10. LA_Geezer

    LA_Geezer Well-Known Member

    And so the Mint is supposed to have raised its prices to collectors, both young and old, great and small. None of this would make sense if it weren't for the global crisis.
     
    GoldFinger1969 likes this.
  11. Derek2200

    Derek2200 Well-Known Member

    It as an oversupply market down turn thing but Morgan Dollars really cheap right now.

    Slabbed Generic 63 and 64 can be had for around or less what dinner for two costs. Put together a box of 20 for fun.
     
  12. -jeffB

    -jeffB Greshams LEO Supporter

    And since the restaurants are closed anyway...
     
  13. wxcoin

    wxcoin Getting no respect since I was a baby

    What I worry about most are
    I don't know about that. Up here I can take a date to a local pub and get a cheeseburger, fries and a drink for $5 each. Yes, I'm cheap and don't date much!
     
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  14. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Given the numbers of generics and commons and even low-premium (~500% premium to silver), I am more interested in what the middle and high end are doing.

    For instance, Morgans costing $300-$1,000 and then the super-rare ones that cost thousands or tens of thousands of dollars.
     
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  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    FORCED SELLING: Keep an eye out for any distressed sales of high-end coins like MSDs. Saw a report from a bigtime financial professional that he was getting offers of blue-chip art at fire-sale prices. :wideyed:
     
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  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    People have to sell so they can become panic buyers and wipe out the grocery stores. They need all that water and TP.
     
  17. wxcoin

    wxcoin Getting no respect since I was a baby

    Add a G to TP and what do you get? Just sayin....
     
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  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    GTP? Lol
     
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  19. wxcoin

    wxcoin Getting no respect since I was a baby

    Actually, TPG. Toilet Paper Grading
     
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  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    I was wondering. Lol
     
  21. baseball21

    baseball21 Well-Known Member

    Would still be a million times better than the people advertising the reusable kind
     
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