Reply to Thread

Message:: [QUOTE="GDJMSP, post: 2083486, member: 112"]Morgans are 1 of the top 2 most popular coins among collectors and have been so for decades. Because of that there is a lot of demand for them and with that comes higher prices, especially for nicer coins. This is only natural. As for what seems like disproportionate price increases with grade increases that is only natural as well because in some cases (grades) extant numbers dwindle disproportionately, and it is not just true of Morgans but of lots of coins. And it is not just true of higher grades either. There are examples where an AU55 is worth say $500, but an AU58 is $1500. And that's not really a huge increase. There are others where an increase of a single grade can bring a price increase of 10-20 times what the next lower grade brings. Some even more than that. This is the way the market works and the way it has always worked, it is known as conditional rarity. A lot of folks seem to think that conditional rarity only applies to modern coins and that it is something relatively new, but I can assure you it is not. It has been with us for as long as there have been collectors and it applies to all coins, not just moderns.[/QUOTE]