peace and morgan value

[Thorne]

Any idea as to what is common price for low grade peace and Morgan dollars. I see peace on eBay for around 30$ apiece is this common since spot for that coin is less then 20

 

[mercury1]

Well, I just checked APMEX and they are asking about that for low grade. When silver goes down, premiums go up. Unfortunately.

 

[Guns Blazing]

Low grade is $28

 

[Generic_Lad]

My LCS is still selling them for $30 a piece.

Low spot price != low physical price

There's been so much more demand lately that all the coin shops near me are sold out of everything or they've got prices like silver is at $30/oz.

 

[RVA]

its quite annoying

 

[jerseyben]

I think people seem to forget that the "spot" price of silver is a commodity price for silver in its raw state.

Spot does not reflect the finished form of an item. It has value beyond that of the metal it contains.

Supply and demand.