A local dealer wants $28 for junky Morgan and Peace Dollars. That makes it impossible to offer them as door and paid drawing prizes.
Holy smokes! I had no idea. My earliest forays into stacking silver was buying rolls of cull dollars. Most at around $12.00 each. I would feel like a thief selling those old rounds at $28.00-$30.00…. Unreal.
Keep them Randy, just keep them. I’ve purchased silver dollars over the years and I sell a few in my antique shop but I’m holding onto my 1200 plus silver dollars.
I suppose so. I just can’t get over feeling like my generation made the cost of collecting coins out of reach for new/young collectors. Just a little thing that I struggle with.
Collecting has always been out of reach for young collectors. Theres plenty of newer and "youngish" collectors and there was a huge influx of them over the last 18 months from a combination of nothing else to do and the the mint finally having exciting products
I don't think collecting is ever out of reach for young collectors, young collectors always start with something that they see that catches their eye - if they're lucky, maybe it's a silver dollar or modern commemorative that they get as a gift from a coin collector relation or friend, but for most of us, you just find coins interesting - and historically curious, and you start there, with what's in your dad or mom's coin jar or in the change you get at the store. Some collectors are very focused on their high end PCGS slabbed MS grade sets or whatever, and they have the budget for same, but that's not collecting for most people, especially newbies.
I really have no interest in turning this into a state of the future discussion. It was really just simply stating that collecting does take money which kids dont have so of course it is an older hobby for the most part which is always will be. Kids dont have money and teens are more worried about other things for the most part and rightfully so. Again though that said the last 18 saw a big influx with the exciting mint products
We're just chatting my friend, my only point is that when I started collecting I didn't have anything, and I started with bottle caps, Indian head cents, wheat cents and Canadian coins (because those were exotic). It's not money that drives collecting - well there are folks who think they can make money doing this, but I don't think that's a majority of us. You can collect pocket change - that's how I started, I imagine that this is common based on the stories I read here of early finds that sparked the interest of our fellow collectors. I concede I'm not a fancy collector and, even now, I'm on a limited budget - I've got kids in college. I suppose I should differentiate accordingly - there are investor collectors and non-investor collectors and I fall into the latter group, the great thing about being a non-investor collector is that any coin is a potential prize.
It’s not that you have to be a high end collector or anything like that but it is a hobby that takes money like all hobbies do. It had nothing to do with investing which numismatically most people don’t have the money for the coins you could consider and investment. Most people will either find something in change or something online they really like and set off from there but very few will stay just collecting change which means they’ll need disposable income to get what they like hence is always has been and always will be an older hobby which really every hobby is. Whether you buy million dollar coins or just do pocket change it’s all great, but teens will generally spend their income on things they feel are fun, dates, or an investment and there’s nothing wrong with that. Hunting and fishing might be about the only exception as you get a benefit from that monetarily. If we go back to the beginning of collecting people would be worried about the next generation getting into it and everytime as they age and get more money they do.
Back to the subject of Price of common silver dollars. I have been collecting for about 55 years. I also remember much cheaper common date silver dollars. I still buy common date silver dollars to add to my coin tubes. My LCS is currently charging $28. for cull Peace Dollars, and $31. for cull Morgan Dollars. I always hand pick problem free coins that are not dinged, beat all to hell, harshly cleaned or with unsightly stains. I buy them one or two at a time, because of the price. Once in a while I can snag a slabbed common date silver dollar for $35. or $40. I have just always loved accumulating silver dollars. Unless the price increases, I will probably continue to do so. After I complete a tube, I start another one. I repeat this process over and over.
I sold a few lower grade silver dollars on eBay about a week ago. The most I got for one was $27. That was only because it had some luster left. Most of the ones I had went around $22-$23. I even let one go for $19. They all had shipping of $3.75.
Fewer people see the listings when you charge for shipping and eBays algorithms impact auction prices
Maybe so. I had offers or outright BINs within a couple of minutes of listing. I couldn't even make a new listing without having to deal with offers from the previous listing. Here is the one I let go at $19.
