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I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 4:03 pm
by Thogey
I see that you can get $32-39 for 1921 Morgans on e-bay. With shipping and fees this nets about $25-30.
There were about 80 million of them minted in 1921. I just don't see why the premium is there for these.
How about selling some and using the proceeds for a cheaper bullion product?
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 4:19 pm
by CLINT-THE-GREAT
I like that idea... I know there are some guys who just love Morgans/Peace dollars... but for me, I can buy an ASE for less! Dollar coins are my smallest segment of silver I own, not even a full tube of them, due to the high cost of them. If you have a bunch of them, I would personally sell several of them and load up on cheap 1oz'ers. In the last 2 years, AG has gone from mid $30's to $19... but the Morgans have remained the same price... but 1oz silver has gone down... that is the deal IMHO. Morgans are just not cost effective as a stacker for me
-The Great
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 5:07 pm
by Engineer
The sticky prices on Morgans make them great to hold at the highs, but not so great at the lows. At today's prices, unloading the 21's seems like a decent idea.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 6:52 pm
by Rodebaugh
Seems like a solid lane change at the moment.
You have my blessing.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 7:30 pm
by John Reich
I've been debating this very issue as well! I'm thinking of trading my 21 Morgan's & my Peace dollars for ASE's.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:12 pm
by pennypicker
Your definitely making the right move. Back in 2011 when silver was $40 an ounce the local coin shop was buying '21s for $27 and 2011 ASE's for $40. At that time there was a huge price disparity between the two. Demand for the '21s was very low and demand for the ASE's was very high.
If you think silver will once again hit $40 an ounce (and it will) you will be much better off sitting on ASE's than '21 Morgans--especially when you can currently buy 2014 ASEs cheaper than '21 Morgans. Frankly speaking I wish the 1921 Morgans were never produced. Without them the pre-'21 Morgans would be even more appealing and sought after than they are now
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:25 pm
by beauanderos
not sure where you're seeing them selling for that price... maybe a few BU blast white ones... the great majority of them with
BIN are overpriced and not selling:
http://www.ebay.com/sch/Coins-US-/253/i.html?_from=R40&_nkw=1921+morgan+silver+dollar&LH_Complete=1&rt=nc
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:35 pm
by Thogey
Don't make me smack you!
They are all not "Blast white" (whatever that means). Most 21's are UNC anyway.
Has Anyone here seen a heavily uncirculated 21?
Look and learn
http://www.ebay.com/sch/i.html?_sacat=0 ... an&_sop=15
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:39 pm
by OneBiteAtATime
Thogey wrote:Has Anyone here seen a heavily uncirculated 21?
Nope.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:40 pm
by Thogey
I can make all my 21' blast white in about a minute===TARNEX!
They are ALL heavily uncirculated.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:42 pm
by OneBiteAtATime
As to the original idea... I think its a good one right now.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 8:57 pm
by beauanderos
Doc... you need to get one of these:
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Mon Apr 21, 2014 11:55 pm
by RichardPenny43
Rodebaugh Christ wrote:Seems like a solid lane change at the moment.
Analogy of the day!!!
Blah Blah Blah...
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Tue Apr 22, 2014 4:56 am
by 68Camaro
Why sell, and why do it on ebay? I've done some trades here on rc directly for ase's, etc.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Tue Apr 22, 2014 8:58 am
by Rodebaugh
beauanderos wrote:Doc... you need to get one of these:
I only collect blond lady liberties. Also need my morgans to be more heavily uncirculated.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Tue Apr 22, 2014 9:07 am
by beauanderos
Rodebaugh wrote:beauanderos wrote:Doc... you need to get one of these:
I only collect blond lady liberties. Also need my morgans to be more heavily uncirculated.
So... does she have manly brows, or slutty eye shadow... or both?
and looks like she is Jay Leno's grandmother
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Tue Apr 22, 2014 9:12 am
by Thogey
Someone paid 32 bucks for that monstrosity on ebay.
Re: I'm thinking or selling Morgans to buy Ag and Au
Posted:
Tue Apr 22, 2014 9:19 am
by beauanderos
Thogey wrote:Someone paid 32 bucks for that monstrosity on ebay.
the Eagle side is even uglier