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Silver has dropped, but not the price of Morgan dollars.
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<p>[QUOTE="Lucky Cuss, post: 1730044, member: 44086"]I remarked very recently in another thread that at most (although not all) of the local coin shops the premium over silver content value on common date, circulated Morgans seems to have risen to about $10-12 (that may have gone up further as of today). Uncirculated examples are commanding more than that, but not much, surprisingly. A year ago, I was buying raw AU/UNC Morgans for as little as a $5 premium. The curent hike in the premium seems to me to be related to how much many of these dealers paid for their stock when the price of silver was much higher, and their subsequent reluctance to take a loss under current market conditions.</p><p><br /></p><p>With today's dramatic decline in the price of silver (and gold, too), I'm wondering what the sentiment and activity will be like at any coin shows scheduled for this weekend. Perhaps attendees can report on this.[/QUOTE]</p><p><br /></p>
[QUOTE="Lucky Cuss, post: 1730044, member: 44086"]I remarked very recently in another thread that at most (although not all) of the local coin shops the premium over silver content value on common date, circulated Morgans seems to have risen to about $10-12 (that may have gone up further as of today). Uncirculated examples are commanding more than that, but not much, surprisingly. A year ago, I was buying raw AU/UNC Morgans for as little as a $5 premium. The curent hike in the premium seems to me to be related to how much many of these dealers paid for their stock when the price of silver was much higher, and their subsequent reluctance to take a loss under current market conditions. With today's dramatic decline in the price of silver (and gold, too), I'm wondering what the sentiment and activity will be like at any coin shows scheduled for this weekend. Perhaps attendees can report on this.[/QUOTE]
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Silver has dropped, but not the price of Morgan dollars.
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