2021 Morgan Silver Dollar

"What's the attraction of buying these new ones at over 4 times the price?"
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Maybe people just want them; and although it's hard to believe for some, the amount spent isn't everything.

Here's a Wikipedia article about the US dollar coin, it's interesting to me at least. There's even something about the quality of old coins - like guns, people evidently believe older is better based on feelings rather than facts:

Dollar coin (United States - Wikipedia)

In the article you can see that the 2021 is a re-issue commemorating the 1921 Peace dollar.

I like buying the US proof silver dollars for people to honor birthdays, births, or other special events. I don't expect them to become valuable for at least of couple of lifetimes, if ever. It's just that coins have a long and fascinating history among human civilizations, which appeals to me. And, it will last longer than toys or candy. :)

I've seen Yap stone money, at least silver dollars are easier to carry around.
 
6518John said:
EloEsq—I thought this was interesting— “The 2021 dollars measure 38.1 millimeters in diameter and contain 0.858 ounces of .999 fine silver. Interestingly, the 99.9% silver is of a higher fineness than the .900 fine cartwheels of the 19th and 20th centuries”

Do they issue these silver dollars each year or is there something special about 2021?
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It's the 100th anniversary from when they were last minted in 1921.

I guess I am in the minority on this forum where I have a lot of old ones and think it's pretty cool to own one dated 2021. I never buy coins to make money, I buy them because I like them. Same thing with guns.

What makes it worth 4 times what an older one costs? Absolutely nothing. However, the fact that the entire mintage of 175,000 sold out in 1 minute (I'm sure mostly to dealers) shows the demand is there, and it will probably sell for way more on the secondary market.

I cant believe that some of you dont understand that people collect different things...on a forum where people collect guns...very odd.

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EldoEsq said:
It's the 100th anniversary from when they were last minted in 1921.

I guess I am in the minority on this forum where I have a lot of old ones and think it's pretty cool to own one dated 2021. I never buy coins to make money, I buy them because I like them. Same thing with guns.
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EldoEsq—thank you so much for answering my question—I guess am in the minority too, i think it would be cool to own a 2021. In fact me and my son are going to buy some.

I have some cool old silver dollars I will dig out of the safe tomorrow, take pictures of and post here. I have never shown the to anyone and don’t know anything about them.

I have one set my dad bought my birth year—1962–that I think is a silver dollars, half dollar and quarter marked with my birth year and encased in plastic then inserted in a red sleeve I seem to recall.
 
6518John said:
EldoEsq—thank you so much for answering my question—I guess am in the minority too, i think it would be cool to own a 2021. In fact me and my son are going to buy some.



I have some cool old silver dollars I will dig out of the safe tomorrow, take pictures of and post here. I have never shown the to anyone and don’t know anything about them.



I have one set my dad bought my birth year—1962–that I think is a silver dollars, half dollar and quarter marked with my birth year and encased in plastic then inserted in a red sleeve I seem to recall.
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Would love to see them!

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Ok in case it hasn't been asked why? They aren't worth what they are asking. You would be way ahead buying one, or more of the original ones. Keep in mind anything made from the get go to collect rarely if ever becomes more valuable, and most of the time won't even bring the purchase price...
 
I got one of the gold Kennedy coins several years ago and I had a dealer send it in for me to be graded, could not open the package it came in I took it to the dealer unopened he mailed it in and I got it back I can not remember how much I paid out for it. I saw one on a coin show on tv I think for 2 payments of 15 hundred, it is the same size of a Kennedy half dollar. I had forgotten what a PIA that deal was. Jeff
 
Back in the 1950s (when I was in high school) I would spend summers with relatives in either Las Vegas or Reno. All you ever got in change from stores was silver dollars: never paper dollars. After a few months of lugging those around the romance of the coins faded quickly.
 
In numismatic circles, there is a whole area devoted to moderns. It started with the statehood quarters back in 1999.

At that time, no coin had ever been graded a perfect MS70 or PR70 on the Sheldon Scale employed by the grading services. But the modern minting process did indeed produce some perfect coins and it is now a part of numismatics. It is common now to deal strictly in high-grade moderns, and many dealers buy in volume, submit the coins for certification, all in hopes of making enough 70s to score. Even the 69s will bring a premium once encapsulated and certified.

I suspect that is who snatched all these up.
 
merl67 said:
Ok in case it hasn't been asked why? They aren't worth what they are asking. You would be way ahead buying one, or more of the original ones. Keep in mind anything made from the get go to collect rarely if ever becomes more valuable, and most of the time won't even bring the purchase price...
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I have literally bought and sold over 10,000 "original ones" in my lifetime.

I want a new one. I think it would be cool. I think its worth it.

Apparently so do alot of other people, as the coins are selling for ALOT more on ebay.

Sorry it's not your cup tea.

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Absalom said:
Yeah, I’m not really interested unless the year starts with 18... :)
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Then, you'll like these. There's quite a few more, all minted prior to 1900, and I have a couple of dozen of the Peace Dollar, too (at bottom of this picture). If a 2021 Morgan is worth $85, what are the old ones worth?
 

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As posted before, find a good coin shop, get to know them and pay Cash for silver, heck with any cards, credit or debit. I have a couple close , one guy is a cousin to an old friend so its a good deal.
 
Dashriprock said:
It is common now to deal strictly in high-grade moderns, and many dealers buy in volume, submit the coins for certification, all in hopes of making enough 70s to score.

I suspect that is who snatched all these up.
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That is what I don't understand. How were these "dealers" able to get through the system and buy the dollars in volume, before the "regular" folks could get through to buy one?
Larry
 
Absalom said:
Yeah, I’m not really interested unless the year starts with 18... :)


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Just my 2 cents worth.Could not find a 1879 two cent piece.
 

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Hair Trigger said:
Then, you'll like these. There's quite a few more, all minted prior to 1900, and I have a couple of dozen of the Peace Dollar, too (at bottom of this picture). If a 2021 Morgan is worth $85, what are the old ones worth?
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Less.

And according to the market, the 2021 is worth more than $85.

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EldoEsq said:
I have literally bought and sold over 10,000 "original ones" in my lifetime.

I want a new one. I think it would be cool. I think its worth it.

Apparently so do alot of other people, as the coins are selling for ALOT more on ebay.

Sorry it's not your cup tea.

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Each to his, or her own. If it makes you smile that is plenty good enough reason. I was just curious what the attraction was none of us really have a logical reason to collect the things we do. I have accumulated lots of coins, and currency, both foreign, and domestic. It all started with finding a 1925 Lincoln weat back cent in the first grade at school....
 
merl67 said:
Each to his, or her own. If it makes you smile that is plenty good enough reason. I was just curious what the attraction was none of us really have a logical reason to collect the things we do. I have accumulated lots of coins, and currency, both foreign, and domestic. It all started with finding a 1925 Lincoln weat back cent in the first grade at school....
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I look at coins as works of art. I think it's in the DNA. The story in my mother's family is that back in the 1830s when they moved from up above Reading, PA out to western PA they bought their new farms with silver money in bushels baskets hidden under the vegetables.
 
Golddollar said:
I look at coins as works of art. I think it's in the DNA.
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Randy one of my favorite memories as a kid was going to Mexico with my dad and exchanging a few bucks for a coffee can of Mexican coins. I would stack them in piles and move them out like I was Baron Rothschild, John D Rockefeller or a Medici Banker!
 
Absalom said:
Yeah, I’m not really interested unless the year starts with 18... :)


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My wife inherited 18 rolls of Morgans from her father. They reside in our safe. I wonder if the new ones are legit. ?? We'd like to buy a few to accompany the old ones. :)
 
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When I was just a kid, my uncle was working at the U.S. Mint in San Francisco. Every Christmas, he'd send me some Morgan silver dollars. Sad to say, I spent every one of them at the neighborhood hardware store, which had a lot of things I coveted. It did raise some eyebrows with the store clerks when I checked out.

John
 
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