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<p>[QUOTE="Shortgapbob, post: 387437, member: 6088"]It's definitely an AT coin, but I wouldn't fret too much over it. Cull Morgan Dollars are bringing about $14 wholesale, so I would just stick it in the collection.</p><p> </p><p>I think dipping this coin would make it look worse. It would likely "burn" the surfaces.</p><p> </p><p> </p><p><br /></p><p> </p><p>I understand your thoughts, but the market doesn't work that way unfortunately. With coins like circulated Morgans, low grade Mercury Dimes, low grade Walkers, etc. people were willing to pay small premiums for them when the prices were lower. However, with higher silver prices, people are paying enough for the silver in the coins that they will not pay any further premiums. For many coins, as the intrinsic value increases, the numismatic premiums decrease.</p><p> </p><p>Yes, a lot of silver is being melted, but it's because there is not enough demand for it above its melt value.[/QUOTE]</p><p><br /></p>
[QUOTE="Shortgapbob, post: 387437, member: 6088"]It's definitely an AT coin, but I wouldn't fret too much over it. Cull Morgan Dollars are bringing about $14 wholesale, so I would just stick it in the collection. I think dipping this coin would make it look worse. It would likely "burn" the surfaces. I understand your thoughts, but the market doesn't work that way unfortunately. With coins like circulated Morgans, low grade Mercury Dimes, low grade Walkers, etc. people were willing to pay small premiums for them when the prices were lower. However, with higher silver prices, people are paying enough for the silver in the coins that they will not pay any further premiums. For many coins, as the intrinsic value increases, the numismatic premiums decrease. Yes, a lot of silver is being melted, but it's because there is not enough demand for it above its melt value.[/QUOTE]
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