$720 for a 2021 CC Morgan?? What is going on??

They are imitations.

 

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I have two of them. I collect all W mint proof issues. I agree that the price is way out of proportion to value.

 

Not to worry. Let Vertigo know and he'll bid them up for you.

 

Thats an opinion though .

Someone else might say they think the new ones look much better than the originals.

Apparently there is a huge demand for them if they are selling at those prices which means a lot of people must love them

 

I'm not sure if 2 people driving up the price at an auction constitutes "A huge demand" or is sufficient to conclude that "A lot of people must love them". Just saying

 

So what' not to love?

 

Oh no I wasn’t referring to just this auction.

I was referring to the fact that in general these 2021 Morgans & Peace Dollars sell for a lot more than the $85 retail price because there seems to be a huge demand which means a lot of people like them.

Even if you go to APMEX or JM Bullion you’ll see they tend to sell for much higher than the $85 that the US Mint charged.

That is why I said people seem to love them. I wasn’t referring to these 2 coins with bids way over normal.

These coins still sell all day for $275 or so in MS70 on Ebay & on the two websites I mentioned above.

If I put my full MS70 set on Ebay I am confident I could get more than I paid for the coins + the grading fees + shipping & insurance.

Usually when a coin sells for more than the retail price it means demand is strong. So even if these aren’t worth the $700 bid even a $275 valuation is still an indicator of strong demand.

 

iMO the prices on these are going to drop significantly.

 

No one knows for sure. I think the resellers are running low on inventory and I believe most of the people who bought them plan on keeping them.

It’s all about supply and demand.

I thought the V75 American Gold Eagle would drop in value and I would be able to get one to go with my V75 American Silver Eagle.

The exact opposite happened . Now they’re more expensive than they ever were.