the value of morgans vs the price of silver

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rparker1866
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the value of morgans vs the price of silver

#1 Unread post by rparker1866 »

i have 2 really good looken morgans that i paid 50 bucks ea for. silver is at 25 now at best. im not sure it wont go to 15 again.

are just the every day of the mill UNC morgans worth double the price of silver?

thanks
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johns93
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Re: the value of morgans vs the price of silver

#2 Unread post by johns93 »

Morgans will always carry a premium over silver, in my opinion. Even if silver does go way down again (as you implied, I wouldn't be surprised if it does), you'd still be able to make your money back off of those if not a little more than what you paid.

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Daniel
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Re: the value of morgans vs the price of silver

#3 Unread post by Daniel »

BU Morgans are always worth a large premium.

rparker1866
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Re: the value of morgans vs the price of silver

#4 Unread post by rparker1866 »

thanks for the reply Daniel.

like the coins you sent me

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Jack Bee Nimble
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Re: the value of morgans vs the price of silver

#5 Unread post by Jack Bee Nimble »

I am no expert, but when valuing the silver content in a coin, I look to http://www.coinflation.com/silver_coin_values.html

The local coin shop that I have my wife visit for me has a collection of coins for guys like me who like to collect for silver value. They are mostly common date coins. This trip, I wanted a Morgan dollar for my collection. This is how he presented it to my wife.
Morgans.jpg
Since I was wanting one just as a specimen and not for its collector's value, I had her pick one out of the $25 lot. This is what she got me.
96 Morgan Obv.jpg
96 Morgan Rev.jpg
For $25, I think I did okay. I'm happy. I don't know what a coin shop would pay me for the coin. Melt is about $19.

I suppose for purely investing reasons, I would probably be better off sticking to bullion coins where I should always get melt and my premiums aren't quite as high.

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Re: the value of morgans vs the price of silver

#6 Unread post by Earle42 »

I remember back before the obama Great Depression that silver was lower...12.00 face or so. Yet the local coin shop still had generic Morgans and Peace dollars at 23-25.00.
I believe the concept of them being a MORGAN SILVER DOLLAR means people tend to value them also as pieces of history and not just silver to be melted.
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
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