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<p>[QUOTE="Matthew Kruse, post: 7423014, member: 107431"]I know that there is a lot of hype around these new coins to commemorate the 100 year anniversary of the end of Morgan dollars and the beginning of Peace dollars, so in this thread, I will simply say what I think about the new coin and how people will react. </p><p><br /></p><p>First of all, it is a very nice coin and I think it will be in high demand, especially because Morgan dollars are one of the most collected US coins and certainly one of the most iconic. I will want to get one for my personal collection once it is released because I like the Morgan dollar and think its a very important coin. </p><p><br /></p><p>I have a few problems with the coin, regardless of if the US Mint sells it coin in an orderly manner or not. As stated on the US Mint website, the coin will be 99.9% silver and weigh 0.858 troy oz. In my opinion, I would very much prefer the coin to be 90% silver and weigh the same amount as the original. Or at the very least, make the coin a full troy oz, being 99.9%. </p><p><br /></p><p>One thing I notice is that there is <b>no mintage limit</b> and you can buy 25 per household. The US Mint can make<b> as many of these coins as they want</b>, selling them for $85 each. I can understand why there is no mintage limit, but buyers should beware that the more there are, the less they will be worth. I really don't think the 25 per household is that great of an idea. This is encouraging resellers to buy and flip 25 of these on eBay. Nobody will actually buy and keep 25 of these coins for there personal collection. </p><p><br /></p><p>Which brings me to my next point. <i>FULL DISCLOSURE: I am just a 15 year old coin collector, so you shouldn't listen to me for financial advice. These are just my thoughts and predictions.</i> As for resale value, I do not expect them to hold much of their value for much more than a month or so after they are sold, mainly because there is no mintage limit. There will be a lot of hype during and after they are sold, but it will likely die down shortly after. I believe there will be many presales and everything on eBay for much more than the US Mint is selling them, and the peak will be reached during the week after they are first sold. I expect some sales to reach $250 but most of them being around the $150-200 range during the first week. Once the mint is done selling them, I would expect them to be going for around $100-$150 just because people are talking about them less and are moving on to the next coin releases.</p><p><br /></p><p>These are my opinions. Some might be right and some might be wrong, but only time will tell. Let me know what you think below, I'd like to hear other opinions about the coin and what they think will happen. </p><p><br /></p><p><img src="https://catalog.usmint.gov/dw/image/v2/AARB_PRD/on/demandware.static/-/Sites-usm-master-catalog-us/default/dw07f6bc9a/images/hi-res/coins/Silver-Coins/21xe_c.jpg?sw=480&sh=420" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Matthew Kruse, post: 7423014, member: 107431"]I know that there is a lot of hype around these new coins to commemorate the 100 year anniversary of the end of Morgan dollars and the beginning of Peace dollars, so in this thread, I will simply say what I think about the new coin and how people will react. First of all, it is a very nice coin and I think it will be in high demand, especially because Morgan dollars are one of the most collected US coins and certainly one of the most iconic. I will want to get one for my personal collection once it is released because I like the Morgan dollar and think its a very important coin. I have a few problems with the coin, regardless of if the US Mint sells it coin in an orderly manner or not. As stated on the US Mint website, the coin will be 99.9% silver and weigh 0.858 troy oz. In my opinion, I would very much prefer the coin to be 90% silver and weigh the same amount as the original. Or at the very least, make the coin a full troy oz, being 99.9%. One thing I notice is that there is [B]no mintage limit[/B] and you can buy 25 per household. The US Mint can make[B] as many of these coins as they want[/B], selling them for $85 each. I can understand why there is no mintage limit, but buyers should beware that the more there are, the less they will be worth. I really don't think the 25 per household is that great of an idea. This is encouraging resellers to buy and flip 25 of these on eBay. Nobody will actually buy and keep 25 of these coins for there personal collection. Which brings me to my next point. [I]FULL DISCLOSURE: I am just a 15 year old coin collector, so you shouldn't listen to me for financial advice. These are just my thoughts and predictions.[/I] As for resale value, I do not expect them to hold much of their value for much more than a month or so after they are sold, mainly because there is no mintage limit. There will be a lot of hype during and after they are sold, but it will likely die down shortly after. I believe there will be many presales and everything on eBay for much more than the US Mint is selling them, and the peak will be reached during the week after they are first sold. I expect some sales to reach $250 but most of them being around the $150-200 range during the first week. Once the mint is done selling them, I would expect them to be going for around $100-$150 just because people are talking about them less and are moving on to the next coin releases. These are my opinions. Some might be right and some might be wrong, but only time will tell. Let me know what you think below, I'd like to hear other opinions about the coin and what they think will happen. [IMG]https://catalog.usmint.gov/dw/image/v2/AARB_PRD/on/demandware.static/-/Sites-usm-master-catalog-us/default/dw07f6bc9a/images/hi-res/coins/Silver-Coins/21xe_c.jpg?sw=480&sh=420[/IMG][/QUOTE]
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