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Five Morgan Silver Dollars for $22.50?
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<p>[QUOTE="Conder101, post: 7659459, member: 66"]The problem with the Barr dollar was that although he was only in office for 27 days, they continued using the printing plates until they wore out. That took 13 months. Over the years, especially in the late 80s, I used to meet MANY people who had huge hoards of the Barr dollars convinced that some day they would be very valuable. I used to tell them back in the 70's that if they turned their hoards over to me I could guarantee them a return of 5% on them annually. At that time it wasn't difficult to get CD's paying 8%. Never could get anyone to take me up on it though. They all wanted to wait for the big killing they were sure was coming.</p><p><br /></p><p>Frankly $22.50 for five common date Morgans wasn't that great a deal in the early 70's. Remember the mixed circulated dollars in the GSA sale in 1972 (of which a great many were actually Unc) sold for $3 apiece. 1971 graysheet shows the at $3.85, 72 at $3.85, 73 at $5.65, and 74 at $7.25. Clearly the 72 GSA sales had an effect.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 7659459, member: 66"]The problem with the Barr dollar was that although he was only in office for 27 days, they continued using the printing plates until they wore out. That took 13 months. Over the years, especially in the late 80s, I used to meet MANY people who had huge hoards of the Barr dollars convinced that some day they would be very valuable. I used to tell them back in the 70's that if they turned their hoards over to me I could guarantee them a return of 5% on them annually. At that time it wasn't difficult to get CD's paying 8%. Never could get anyone to take me up on it though. They all wanted to wait for the big killing they were sure was coming. Frankly $22.50 for five common date Morgans wasn't that great a deal in the early 70's. Remember the mixed circulated dollars in the GSA sale in 1972 (of which a great many were actually Unc) sold for $3 apiece. 1971 graysheet shows the at $3.85, 72 at $3.85, 73 at $5.65, and 74 at $7.25. Clearly the 72 GSA sales had an effect.[/QUOTE]
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