2021 Morgan Silver Dollar

[Greyman50]

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.

 

[boykinlp]

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.

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

 

[Dave.357]

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

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

 

[EldoEsq]

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?

Less.

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

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[Golddollar]

When i did my lectures on voting rights, I opened the part on the old poll taxes by dropping a couple Morgan silver dollars from a coin caddy onto the table. What a beautiful sound they made!

 

[merl67]

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....

 

[Golddollar]

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....

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.

 

[6518John]

I look at coins as works of art. I think it's in the DNA.

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!

 

[OLDSTER]

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

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.

 

[PALADIN85020]

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

 

[MRB1]

My mother was a bank teller for many years, and she would buy every silver dollar that came across her counter. After she passed, we filled up several quart jars of silver coins and gave them to the kids and grandkids.

 

[Puller]

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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I see no reason for you to apologize to some who may be ignorant or uninformed on the subject. I too think they're pretty cool, old and new ones.

 

[Golddollar]

I am known by numerous wait staff and bartenders for spreading around the Sacawajea and Presidential Golden Dollars. One bartender who worked at the American Legion in Somerset, PA was always glad to see me because she saved the Sacawajea dollars for her daughter. So that's how I paid for my beers the whole night, plus leaving her a good tip.

I suspect the children and grandchildren of serving people and trades people have a stash of Golden Dollars waiting for them from the tips I gave their parents and grandparents.

 

[Golddollar]

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!

John, that is so great to hear. My dad and I went the other direction. We brought back coins from Canada.

 

[AJ]

I am known by numerous wait staff and bartenders for spreading around the Sacawajea and Presidential Golden Dollars. One bartender who worked at the American Legion in Somerset, PA was always glad to see me because she saved the Sacawajea dollars for her daughter. So that's how I paid for my beers to whole night, plus leaving her a good tip.

I suspect the children and grandchildren of serving people and trades people have a stash of Golden Dollars waiting for them from the tips I gave their parents and grandparents.

My Grandfather gave me silver dollars when I was a kid. That was long ago in ancient times (Pre-64 and yes they were Morgan's and Peace dollars). Now when I go to the bank I ask for some silver dollars and half dollars for the grandkids (but they are getting old for that anyway).

A friend had a bunch of rolls of Buffalo nickels that his Father had saved. Out of 20 rolls only about 5 rolls had dates on them after we sorted them out. I bought all the rolls without dates and spend them. I would like to hear what people say when they find them.

 

[pasound]

Many years ago I had a couple of dozen Morgan dollars. Sadly they all were sold during an unemployment period. Also my original gun collection. Oh well.

 

[GypsmJim]

My Grandpa bought me a penny Whitman folder in 1959 for my tenth birthday. That was the start of my coin collecting. By the time I was in high school I had accumulated the books thru half dollars.

With saving my allowance and cutting grass for neighbors, etc. I had accumulated about 20 bucks. I would go to the bank every Friday when Dad cashed his paycheck and buy $20 in pennies. Checked all thru them during the week and then next week trade them in for nickles. Then dimes the next week and so on.

One week I bought a roll of dollars. The wrapper was a bit worn. When I got it home it turned out the entire roll had 1921 mint dollars and they appeared to be uncirculated.

I kept 2 and traded the rest in. Boy was i dumb.....LOL.

 

[THE PILGRIM]

I have a number of Silver Dollars.
But I only got one of these.
Filipino Peso. San Fran Mint.

 

[Rustyt1953]

My uncle Russ was born in 1922. As a young man he started carrying this silver dollar so he would never be broke. It soon became his lucky coin. It was his "worry stone". He would fiddle with it in his pocket and many are the times when I watched him roll it in his fingers while talking to someone.

When he passed in the late 70's it was given to me as I was named after him.

I have no idea as to its age but I'm guess somewhere around the century mark. I have it in my safe.

This is what's left of it:

 

[Onomea]

That's a lot of worrying there, Rusty!

 

[oldman10mm]

Current pricing (what it would cost you to buy) of the least expensive 1921 Morgan would be at a coin show in condition, VG $31, F $32, VF $33, XF $34, AU50 $36, AU58 $38, MS60 $39.
Half the price/cost of the 2021s'.

The decent 'coin show' here occurs monthly ( 2nd Saturday), free admission. The vendors/tables are competing for your business so pricing can be variable.
I watch for (contingent on price) Morgan dollars, Peace dollars, Ike dollars (silver only, no clads), Franklin halves, Kennedy halves (90% & 40% only). Conditions I'll buy range from VF to MS60. I don't buy a lot, maybe only 1 or 2 coins per show.

 

[Golddollar]

Many years ago I had a couple of dozen Morgan dollars. Sadly they all were sold during an unemployment period. Also my original gun collection. Oh well.

I know the feeling.

 

[Jack Flash]

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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I understand the concept of collecting, whether I practice it or not. I thought the OP was discussing these new coins as an investment, hence my comment.

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.

That was my general impression. I would just feel like a sucker buying them for multiples of the initial price. Others can do whatever they like and I would not disrespect them for it.

 

[italiansport]

Here's one 100 years older.

I too will pass on the new ones and continue buying the old ones!
Jim

 

[wundudnee]

I have a 1921 Morgan in my pocket that I have carried for over sixty years. When I was young an old guy told me he carried a silver dollar and when he got down to that dollar he was going to buy a jug of cheap wine, find a friend and drink it. His last friend. My dollar has no heads or tails showing and is only about two thirds original size, but it still has a nice ring to it when you drop it.

 

[peterGun]

Silver shortage has caused mint to delay silver dollar minting.


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[AJ]

Haven't been keeping track, but silver is $28.07 an ounce at the present.

 

[TheHobbyist]

Interesting that they are getting that much of a premium. I enjoy coins too. There is a lot of early American history in some of the territory coins (I am an amateur collector and do not recall off the top of my head what this category is called); and early 1700's. I find it fascinating. Mostly, I buy the best condition I can find in the Morgan's that are generally under $100 as a curiosity.

 

[johngalt]

Interesting that they are getting that much of a premium. I enjoy coins too. There is a lot of early American history in some of the territory coins (I am an amateur collector and do not recall off the top of my head what this category is called); and early 1700's. I find it fascinating. Mostly, I buy the best condition I can find in the Morgan's that are generally under $100 as a curiosity.

I have 1 Morgan dollar, I've always been interested in collecting them. However I have never seen them priced at less than a 25% premium over spot. Similar with gold. It makes me question their value as an investment.

 

[AJ]

I have 1 Morgan dollar, I've always been interested in collecting them. However I have never seen them priced at less than a 25% premium over spot. Similar with gold. It makes me question their value as an investment.

To the guys selling them to you they are a great investment. For us mere mortals, you have to hang onto them and rid e out some ups and downs in the market before you can really see a profit. I have a friend who played this game for a while. He bought when it was up at $10 or so an ounce. Then when it dropped to $5.00 he bought more. He calls it cost averaging and over the last 40 years has done well with both silver and gold.