Why did the 2021 D shoot up so high in value?

I’ve kept an eye on 2021 Morgan & Peace Dollar prices since pre-release and it used to be that the D was the same as the P and S.

After release it turned out there were some QC issues and there were much lower ratios of 70s compared to the rest.

Last I checked the price for an MS70 D 2021 Morgan was around $350…

Today I checked and they are regularly selling on EBay for ~$500.




What happened??!

 

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Maybe just a plain old-fashioned "pump and dump" scheme; like in the stock market. Just a thought.

 

Don't know I've never understood humanity for these.

 

Well I mean I understand why people like them. I have a set myself.

But yeesh $500 is way above the rest of them.

In fact the Peace Dollar is my favorite and it’s only like 1/2 of that in MS70.

 

Very possible!

I’m wondering if this means we’ve reached the point where the people who intended on selling have sold out and now there is mostly buyers with few sellers.

That would cause a price increase because it would be sellers reluctantly selling and demanding a premium for a coin they wanted to keep but will sell at the right price.

Afterall I’m sure at the right price all of us would sell most of our coins. Except for maybe those special sentimental value coins we all have.

 

Bid idiots who have no idea that in less than 12 months they could buy it a lot cheaper.

 

I'm not sure, that 2019-S ASE hasn't fallen much, right ?

 

To my liking its spot silver like any bullion silver coin,or gold for that matter...and wouldn't pay over....spot.
Modern coinage is a crap shoot ....and I am no way interested in that game.
And personally I believe that the Mint has done more damage than good to this hobby.
I haven't made a purchase from them in over 12 years and wont.....

 

That’s not necessarily true with these.

Unlike most of the modern Mint garbage these coins seem to be desired for long term collections.

I don’t think you’ll see a bunch of people selling in 12 months. I think a lot of people intend on collecting the 2022 Morgan & Peace Dollars and continuing the series.

Like a “poor man’s” Morgan Dollar collection.

But yeah this is definitely not your average modern Mint junk.

Most of the coins being bought are staying in the hands of the buyer for a long time and due to the limited mintage every collector who does that is taking it out of the market so naturally there will be a point where demand outstrips supply.

Oh and the household order limit may not have been perfect and I’m sure a lot of dealers used friends & family to buy but in the end I believe most coins got out to collectors not retailers or dealers.

 

Hyped mint junk....from a mint who been out of touch for decades with the hobby.
Back in 1965 the mint and US government actually didn't like coin collecting, wanting more coins in circulation. And this is the reason for special mint set. A bone thrown to the coin collecting world.
And yes every product they have hyped has lost value of purchase price as well after market price gouging.

 

Not always! Take a look at the V75 Gold & Silver Eagles. They came out 2 years ago.

The gold one sells for over $10,000+

But even the silver one is worth significantly more than the $85 price at the Mint.

Same with the 2021 ASE Reverse Proof T1 & T2 Designer Edition. They are selling for a lot more than they sold at. Especially in 70 but even in OGP.

 

It's just bullion to me. w/e

 

There's always going to be some items that may hold some value...but its the test of time that counts.
You cannot convince me that modern mint items will ever hold a candel to a 1955 dd,or a 1916 D dime,or any other key coins of that era.
Again the test of time come back to this thread in 5 years and show me the money!
Nope won't be there they will be long forgotten.
I've been collecting for 60 years and have watched the market and I can assure you the hype will be gone as well the inflated prices and values.

Asking price vs sale price are two different things....

 

If you had a choice between these or a half eagle.Im pretty sure at least 60% would pick the junk over gold which is really sad.I haven't bought a single thing from the mint and never will.These are basically overhyped bullion coins nothing more nor less.

 

I absolutely agree with you about 97% of the stuff the US Mint puts out. It’s junk.

But I do see those rare Mint products like the ones mentioned and I believe these Morgans are one of them.

Imagine how a set of these might inspire a child to collect the older Morgan dollars too.

Or maybe a parent gets 1 for their kid & the kid decides to collect the rest and then finds out about older Morgans and starts collecting those too. That’s good for everyone! We need more collectors.

 

Have you been around the last 60 years? Have you lived in this time frame and actually experience coin values both sky rocket as well tank.
Perfect example the 50 D nickel in 1960 money it was $35 in today money thats almost 10 times that amount....$350. equivalent in todays money...yet right this minuite you can purchase a ms 64 1950 D nickel for less than $25. Today money . So down load a inflation calculator and do the math... forwards
Backwards...and tell me ...as numbers dont lie...people do.

 

Are those actual sold prices?

 

Yup! You can see right above the description of each item:

“SOLD Feb 15, 2022” in green.

I did a sold items search.

 

When the world wakes up to the scam of First Strike, Early Release and other marketing ploys we will see a lot of prices go down.

 

I wasn’t alive at the time but I do believe you that happened.

But with that in mind that’s just one coin.

I think some of the rare stuff that is liked today will continue to be popular in the future. Maybe not all but some.