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Please explain value of Peace/Morgan Dollar
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<p>[QUOTE="Broseph, post: 1810300, member: 57276"]Go on ebay and watch sales. People overpay for hurt morgans and peace dollars. Some people on here thought I overpaid when I bought a cleaned scratched morgan for $19. I could have bartered better, that's on me, but it still isn't a loss.</p><p>I showed an example of a common date, cull, holed morgan that STILL sold for $24. </p><p>Something about large silver dollars, people will spend more to get them.</p><p><br /></p><p>People just love them. And because they cost more to buy and sell, you just aren't going to find them cheap through anyone who knows anything about the market. </p><p><br /></p><p>As for a reason "why"? Why do people pay more for anything? Supply and demand. It's getting close to a century that they made circulating silver dollars. Everything else is about half that at this point in time. So fewer around (though common in mintage figures per coin, over 30 years less of minting totals) plus an appeal of being old and big.</p><p><br /></p><p>Even in bullion, 2 1oz coins are cheaper than 1 2oz coin. And 5 oz coins? That price starts to JUMP![/QUOTE]</p><p><br /></p>
[QUOTE="Broseph, post: 1810300, member: 57276"]Go on ebay and watch sales. People overpay for hurt morgans and peace dollars. Some people on here thought I overpaid when I bought a cleaned scratched morgan for $19. I could have bartered better, that's on me, but it still isn't a loss. I showed an example of a common date, cull, holed morgan that STILL sold for $24. Something about large silver dollars, people will spend more to get them. People just love them. And because they cost more to buy and sell, you just aren't going to find them cheap through anyone who knows anything about the market. As for a reason "why"? Why do people pay more for anything? Supply and demand. It's getting close to a century that they made circulating silver dollars. Everything else is about half that at this point in time. So fewer around (though common in mintage figures per coin, over 30 years less of minting totals) plus an appeal of being old and big. Even in bullion, 2 1oz coins are cheaper than 1 2oz coin. And 5 oz coins? That price starts to JUMP![/QUOTE]
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Please explain value of Peace/Morgan Dollar
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