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Please explain value of Peace/Morgan Dollar
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<p>[QUOTE="adric22, post: 1810235, member: 38146"]OK.. So I'm curious about something. I've been buying silver half dollars and silver quarters for quite some time for silver bullion. I came across a good deal on a Peace dollar a few weeks ago and bought it. After I cleaned it (yeah, I hear the tomatoes being thrown) it is a very beautiful coin. So I thought maybe I'll start buying some of these every payday instead of the half dollars. </p><p><br /></p><p>But then when I went to buy more I discovered that the price is not consistent with the silver value. At the coin shop I was at today, for example, they were selling 90% silver half dollars for $9 a piece and yet they wanted $28 for a Peace Dollar or Morgan Dollar. These were just loose, circulated coins, nothing collectable about them. I asked why they were so much more and the only answer I got was "that is the current silver value of the coins." But that makes no sense to me because they should only be worth twice what a half-dollar was, meaning I should be able to buy a Peace Dollar for $18. </p><p><br /></p><p>I discovered the same disparity when looking to buy them online. Can anyone explain why a Peace Dollar costs 3x what a half-dollar would cost, when it only has 2x the silver content?[/QUOTE]</p><p><br /></p>
[QUOTE="adric22, post: 1810235, member: 38146"]OK.. So I'm curious about something. I've been buying silver half dollars and silver quarters for quite some time for silver bullion. I came across a good deal on a Peace dollar a few weeks ago and bought it. After I cleaned it (yeah, I hear the tomatoes being thrown) it is a very beautiful coin. So I thought maybe I'll start buying some of these every payday instead of the half dollars. But then when I went to buy more I discovered that the price is not consistent with the silver value. At the coin shop I was at today, for example, they were selling 90% silver half dollars for $9 a piece and yet they wanted $28 for a Peace Dollar or Morgan Dollar. These were just loose, circulated coins, nothing collectable about them. I asked why they were so much more and the only answer I got was "that is the current silver value of the coins." But that makes no sense to me because they should only be worth twice what a half-dollar was, meaning I should be able to buy a Peace Dollar for $18. I discovered the same disparity when looking to buy them online. Can anyone explain why a Peace Dollar costs 3x what a half-dollar would cost, when it only has 2x the silver content?[/QUOTE]
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Please explain value of Peace/Morgan Dollar
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