A question on a new promotional buy list on Morgan Silver Dollars

[Roadquest]

Doe's anyone know anything about this?

Morgan dollars remain strong on all the low-end issues. There is strong demand for many common date BU issues because of a new promotional buy list requiring several hundred each of about 20 different dates. The better date issues are mixed. Weakness shows in some of the previously overpromoted dates. Peace dollars have shown some weakness in the MS-64 range for a handful of scarcer dates.

Clayton

 

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[waseeker]

where did you get the text?

 

[Mackaydon]

One source of that text appears in the recent Numismatic News; an article written by Harry Miller on May 11th--found here:
http://numismaticnews.net/article/Gold_rises_and_Morgans_sough/

 

[Roadquest]

Yes thats where it came from. And I contacted Mr. Krause there.
No info. from him yet.

 

[waseeker]

Here's my take on it, cynical though it may be


This appears to be part of a weekly market/coin show report similar to what appears in the CDN. Everyone seems to love silver dollars and they aren't making any more. The fact that demand continues for lower priced ones isn't surprising new news.

The new promotional buy list for specific dates just means that some national dealer or telemarketer is buying up specific dates in order to then advertise the heck out of them and sell them at inflated prices to some unsuspecting person. Or someone has an oversupply of these particular dates and is putting out a promotional buy list to generate interest and raise prices so that that someone can then dump their oversupply at a better price.

As to the weakness in "previously over promoted dates". See paragraph above - it just means that some one hyped some dates sold them and now that there is no "demand" for those dates, the prices have fallen.

 

[Roadquest]

"Here's my take on it, cynical though it may be"

When you are right it's OK to be cynical

Roadquest

 

[waseeker]