2021 Morgan Silver Dollar

[jrm53]

Anybody on the forum tried to buy a 2021 Morgan silver dollar from the U S Mint? I tried tonite at 6 PM could not get through, they are a little steep at 85.00 but I guess all the ammo buyers have moved on to the silver dollars, I had them email me if some more turn up. Jeff

 

[EldoEsq]

I tried at 12:10 in the afternoon (I think they went on sale at 12 noon.

Sold out.

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[Dave.357]

Here's one 100 years older.

 

[john14_18]

Last year I bought a 2020 "S" Silver Eagle for $85 that was supposed to be a limited production. 2 weeks after they sold out that said they had decided to continue production of them. They now sell for about $70 on eBay. The 2021 Morgan dollars you are referring to are now on eBay for $175-$225 by dealers. As far as I am concerned. The U.S Mint is nothing but a scam for dealers.

 

[Spurdann]

"The U.S Mint is nothing but a scam for dealers."
Yep, was on another forum and the concensus was the same. People were spending hours trying to make a purchase only to have the item sell out before their transaction was completed

 

[Absalom]

Here's one 100 years older.

Yeah, I'm not really interested unless the year starts with 18...

 

[Rudi]

Find a reputable coin/gold dealer in your area where you can walk in and pay cash.

 

[Golddollar]

For what it's worth, an American silver dollar contains .77 troy ounce of silver.

 

[6518John]

I tried at 12:10 in the afternoon (I think they went on sale at 12 noon.

Sold out.

They were apparently sold out by 12:01!

First 2021 Morgan Dollars Sell out in Minutes

 

[LVSteve]

I see the ads for those on late night TV on the "off" channels like H&I and Comet. I consider them as useful as the ads for talc lawyers and Phil Swift. I put the Morgan silver dollars in the same class as Mitchell's Mausers. The milsurp folks will get the message.

 

[EldoEsq]

For what it's worth, an American silver dollar contains .77 troy ounce of silver.

I am sure you know that people actually collect coins, and they can have intrinsic value that far outweighs the metal content.

A 1913 liberty nickel probably contains about 8 cents of actual nickel.

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[EldoEsq]

Yeah, I'm not really interested unless the year starts with 18...

I totally agree...but I have hundreds of older ones, wanted to own one made from today's technology, thought it would be a cool addition.

Apparently, as they sold 175,000 of them in one minute, I am not the only one!

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[6518John]

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?

 

[deadin]

"Limited Production" Limited by how many they can sell.
(Kind of like Winchester's M94 Commemorative of the month)

 

[djohns6]

Don't buy it for an investment . If you think it's cool , then by all means go for it .

 

[THE PILGRIM]

I love the Bo-Dollars
I especially love the ones I got for $1!

 

[AJ]

A 1913 liberty nickel probably contains about 8 cents of actual nickel.

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If you had a 1913 Liberty Head Nickel you probably would be set for life once you sold it.

I don't collect, I accumulate things. Have some silver coins, plus some Morgan's and Peace dollars. I do have four of the 2005 USMC dollars, just seemed like the thing to buy.


AJ

 

[mojave30cal]

Buy the original. You can't go wrong.

 

[MRB1]

Compare the quality and detail of a old coin, designed by human-made engraving on a die, to a modern, computer designed coin. It will make you sick. I gave up collecting coins when I saw my first Eisenhower dollar, then they added insult to injury with the Anthony dollar.

 

[Jack Flash]

A few years back I would frequently pass a little coin and jewelry shop in town. They were pretty friendly so I would stop in and buy a couple of Morgan silver dollars from the 1920s. Seems like they cost $20 each. That must have been 2018 or 2019 (?)

What's the attraction of buying these new ones at over 4 times the price?

 

[Bullet Bob]

"What's the attraction of buying these new ones at over 4 times the price?"
________________________________________________

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.

 

[EldoEsq]

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?

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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[6518John]

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.

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.

 

[EldoEsq]

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.

Would love to see them!

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[merl67]

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...

 

[jrm53]

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

 

[MG34/bar]

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.

 

[Dashriprock]

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.

 

[EldoEsq]

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 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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[Hair Trigger]

Yeah, I'm not really interested unless the year starts with 18...

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?