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(Morgan Dollar) VAMs now close to bullion, hmmm!
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<p>[QUOTE="Juan Blanco, post: 1674565, member: 41665"]Wow, the Morgan Varietal mkt sure has tanked!!! I noted a few historical datapoints (collector premiums) back in October, here:<a href="http://www.cointalk.com/t216533-2/#post1562141" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t216533-2/#post1562141"></a></p><p><a href="http://www.cointalk.com/t216533-2/#post1562141" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t216533-2/#post1562141">http://www.cointalk.com/t216533-2/#post1562141</a></p><p><br /></p><p>Looks cleaned to me, "1890 P Morgan Silver Dollar, Investment Coin, VAM (.94) Ships Free!" SOLD for $39.50 on 3/16/2013 ...... POS @ $28.91/ozt or $22.36 intrinsic, <b>that's 1.77x Intrinsic. </b>I see other examples (January - February) as high as $45. (obviously polished = cull) and as low as $37. ("F+"= ~cull) <b>1.85x Intrinsic >>> 1.56x Intrinsic.</b> </p><p><br /></p><p>Trend is clearly FALLING PREMIUM for these cull Morgan "varietals." <i>As "varietals"</i> they basically have LITTLE NUMISMATIC VALUE (+$2.50) at all. Same dates cleaned or culled sold $34.-37.(1.52 - 1.65x Intrinsic) Nevermind the BINsanity. Arguably the Gem BU 1890P ($82., May 2011) is now just ~$60. (3/15/2003: "1890 P GEM BU MORGAN SILVER DOLLAR ★UNCIRCULATED CHOICE MS MINT STATE US $1 COIN"), a <b>~ -27% decline. </b>Meanwhile, NGC charts 1890 S$1 MS 60 <b>$50.40 </b>and unchanged for this period (the price ADVANCED rapidly from $38 in April-May 2011) </p><p><br /></p><p>Question: <b>Have MOST Morgan varietals lost ~-30% in the last two years?</b> And likewise cratered - down from 35x Intrinsic!!! - since June 2007?</p><p>Does anyone think any numismatic premium value will return for VAMs, particularly? Or will they stay "bullion coins" from now on?[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1674565, member: 41665"]Wow, the Morgan Varietal mkt sure has tanked!!! I noted a few historical datapoints (collector premiums) back in October, here:[URL="http://www.cointalk.com/t216533-2/#post1562141"] http://www.cointalk.com/t216533-2/#post1562141[/URL] Looks cleaned to me, "1890 P Morgan Silver Dollar, Investment Coin, VAM (.94) Ships Free!" SOLD for $39.50 on 3/16/2013 ...... POS @ $28.91/ozt or $22.36 intrinsic, [B]that's 1.77x Intrinsic. [/B]I see other examples (January - February) as high as $45. (obviously polished = cull) and as low as $37. ("F+"= ~cull) [B]1.85x Intrinsic >>> 1.56x Intrinsic.[/B] Trend is clearly FALLING PREMIUM for these cull Morgan "varietals." [I]As "varietals"[/I] they basically have LITTLE NUMISMATIC VALUE (+$2.50) at all. Same dates cleaned or culled sold $34.-37.(1.52 - 1.65x Intrinsic) Nevermind the BINsanity. Arguably the Gem BU 1890P ($82., May 2011) is now just ~$60. (3/15/2003: "1890 P GEM BU MORGAN SILVER DOLLAR ★UNCIRCULATED CHOICE MS MINT STATE US $1 COIN"), a [B]~ -27% decline. [/B]Meanwhile, NGC charts 1890 S$1 MS 60 [B]$50.40 [/B]and unchanged for this period (the price ADVANCED rapidly from $38 in April-May 2011) Question: [B]Have MOST Morgan varietals lost ~-30% in the last two years?[/B] And likewise cratered - down from 35x Intrinsic!!! - since June 2007? Does anyone think any numismatic premium value will return for VAMs, particularly? Or will they stay "bullion coins" from now on?[/QUOTE]
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