Morgans

[drcaulfield]

Wondering what people felt was a fair price for a common Morgan in today's market. Not as a collectors piece but more as bullion coin.

Thanks for your input

 

[Iamrussell]

If you can get one for around $25 that's a pretty good deal- most LCS in my area are around $30

 

[mammoth29]

$25 is a good deal. Problem is, 90% of people want collectors prices if they are selling whether for bullion or not.

 

[Generic_Lad]

Morgans always seem to be collectable rather than bullion in all but the worst grades, perhaps its all the VAM varieties, or perhaps its that its used extensively in jewelry and easy to sell to non-collectors.

Over here a common Morgan will cost about $30 at a coin shop, perhaps $25 if they have a lot and want to get rid of them (not likely today!)

Holed ones are marginally cheaper, but not by much. Honestly, right now if I was buying Morgans I'd buy the higher grade ones, a shop near me sells common date slabbed MS-63s for $60 or so.

 

[cudamark]

sounds about right........$22-5 if you're selling......$25-30 if you're buying.

 

[isabella1]

I went to one today. He wanted $25 each but he got to pick them. If I picked it was $28. I said why is that? He said cause some were better then others. If that were the case, then they should have not been laying on top of each other. I didn't buy any. That annoyed me.

 

[gleaner1]

17 bucks today's spot, coin dealers wont give you that though. Maybe fifteen.

 

[usernameerror]

I went to one today. He wanted $25 each but he got to pick them. If I picked it was $28. I said why is that? He said cause some were better then others. If that were the case, then they should have not been laying on top of each other. I didn't buy any. That annoyed me.

This is a common practice. All the shops in my area do this as well. It is kind of annoying.

 

[Jamesabroad]

This is a common practice. All the shops in my area do this as well. It is kind of annoying.

I just had this happen to me with some Walking Liberty halves except I wasn't even given the option of picking them out even at a higher face value multiple. I'll not buy junk silver from that dealer anymore considering I can go to another shop that just charges .5X's face more and I can pick through the stock.

 

[Gold Maven]

I would just wait until silver goes down, if you are not in a rush. I bought a lot of Morgan and Peace dollars when silver was down, just a few years ago for under 10 bucks.

As the Economy improves, Gold and Silver will go back down. There is nothing worse than buying some, and having the value drop by 50% in a year. Just my thoughts. GL.

 

[usernameerror]

Was at a show today. One of the vendors was selling a Morgan slick for $22 which was the spot price at the time. He was validating it by saying it was a silver dollar. Thought about it for a second but I couldn't bring myself to purchase a slick at $5 over spot value.