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Message:: [QUOTE="dannic113, post: 1409559, member: 35203"]Well their are at least 12 million 2012's going to be sold this year. Almost 90% or better will grade 69 or 70 and 100% will be kept in Gem Unc condition. 21 Morgans have a finite number minted granted almost 45 million but how many of them (especially at the end of the 20's as we entered the great depression) were kept in gem unc quality. When it came down to spending that 21 morgan to feed your family or keep it nice and pristine which won out? Factor in this will be the third great melt of silver and gold coins since 1921 and think how many survived? The other thing you have to consider is an ungraded Bu morgan will always be no lower than about $24 regardless of silver price. Again with 12 million ASE's minted the only exceptions numismatically speaking are the W burnished, the 1996, and maybe a couple early series dates that will have premium over spot. I know you only mentioned common 21's but for my point I'll give a perfect example. When silver was only about $10/try.oz a 1978 7 tail feather 78 rev. was selling for 190-200. Now it sells for about 250-300. When/if silver goes back to $10 that morgan will still sell for around 200. Yes it increased with silver and will cheapen with silver prices down but you won't find it any where near melt of $10 nor the 21's.[/QUOTE]