What si your dealers current buy price for morgan dollar coins?

Mine is currently $14.50 per morgan
I was wondering if other people are getting similar or better rates.

 

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My dealer has a box full of morgans he has at 18.00 each,he doesn't sell many for scrap or investment but folks come in wanting them all the time and will pay 18 bucks without blinking an eye,must be buying them for conversation peices or something,these are junk as far as coins go.

 

You can get low-grade Morgans for about £10 each here in the UK, which is pretty similar.

 

$21.00 in California a few weeks back

 

I think the OP is looking for what dealers pay for common Morgans... which, I assume, would be at least four or five dollars less than what they sell them for.

 

Yup, just about right....

Morgans are very common and certainly command no significant premium in lower grades (say, unslabbed and below MS64).
$14.50 each seems fair to me.

 

That is a fair price.....better than the $8 a Morgan I see advertised on some web sites.....no names mentioned to protect the innocent. A Morgan has .75 ounces of silver, $19 X .76 = $14.44. Remember, many Morgans weren't circulated much, so any less than AU50 would just bring spot.

$18 is a good price to buy at. $18/.75 = $24. So, when silver gets to $24 a ounce, they will have paid for themselves.

 

I dont see silver hitting $24

I was just curios because maybe a week or two ago when silver was $17 they were only paying $12
now its up to $14.50 within a $1.50 raise
speculation?
And I am in northern california, I was just trying to see if anyone gets better melt prices

 

In really depends on where you live!! California has to be one of the
Higher states for everything, Including Morgans!!

 

$17 X .76 = $12.92 They obviously weren't buying them for what they should have....about $1 less than what they should be. Like I said, dealers will stop paying less than spot when people stop selling for less than spot.

 

Very true, $14.50 is a little over spot and I got about twenty xf morgans all 1921 for $13 each so I took it, a quick flip. Plus 1921 isnt worth over spot unless its PL, DMPl or in a MS state, even then Its been hard to find buyer for them in my area.

 

Bump

 

Good reason to "bump". Some people just don't have the proper crystal ball.

 

Just wanted to ask, how do those people feel that bought Morgans at $20, which just 10 months ago, some people on here called a poor investment?

 

haha $24....pull back to 17 would be nice now

 

I noticed from the time I joined CoinTalk that the more numismatic knowledge people had, the less they understood what was going on with silver. I suppose it was because the coin market had been cyclical for many years, and the rise since 2000 looked like another cycle. And while there is no doubt that the current price increase will end [badly for most], it seems doubtful that anybody here is going to see silver prices below $10 again in their lifetime.

 

$14.40 is a rip off for junk morgans

APMEX is currently paying in excess of $23CoinsInc

 

try apmex. offer price might be better.

 

22 bucks a Morgan by me.