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<p>[QUOTE=&quot;dave92029, post: 1083217, member: 26916&quot;]Many people enjoy collecting Morgans, and I agree that they are an attractive coin but... I don&#039;t understand the prices that people are willing to pay based on the mintage and condition of the coins I&#039;ve looked at.</p><p><br /></p><p>Folks say that they aren&#039;t bullion but when they are graded they are MS - uncirculated, just like all the current Silver Eagle Bullion coins. The Mintage sure looks like bullion to me.&nbsp; </p><p><br /></p><p>The lowest mintage Morgan, 1885cc, at 228,000 according to my Red Book is kinda, almost low. The 1984CC with 1.136 Million mintage generally sells for $200++, approx. 8X the spot value of a 90% coin. That is a heck of a premium for coin with bag marks and dents, even if it is 125 YO. </p><p><br /></p><p>There are lots of 90% Silver Proof commemoratives that don&#039;t even sell for spot. The Morgans sure have great marketing, and too high a premium for my liking.[/QUOTE]</p><p><br /></p>

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