Posted on 03/18/2021 8:05:03 PM PDT by simpson96
Bttt
Morgans, though, are beautiful.
Silver proofs are about 3x the spot price. I would expect these to fall into that group. Of course the mint has been on a tear of “woke” coins lately. I doubt if they are selling like hot cakes. Lol.
That's okay. My practice has been buy high, sell cheap.
Oh not saying they aren’t worth SOMEthing, but they’re “manufactured”, and often serious collectors aren’t into things made to be, essentially, commemorative medals as opposed to real money.
LOL this always brings to mind my mother’s story, whenever Morgans come up.
Her grandparents had died in the late ‘40s, and the family collected bank bags of silver dollars - probably all Morgans - that they had stashed around the house. Bank bags. But the dozens.
My mother had access to them and used them to buy lunch at her Catholic high school (our son goes there now, for lower grades). The nuns felt queasy about it, as they would frequently admonish her “don’t you want to keep this for yourself?” “No, we have lots and I want to use them to buy!”
So, basically she gave away just about all of those dollars.
She regrets it still - and so do I!!! GGgrrrr!
My parents had stashes of silver dollars they brought back from Las Vegas, which was the only place were silver dollars were still being used in commerce (often slot machines). Anyway, I remember as a kid taking one and buying a triple scoop ice cream cone with it. Cost all of 15¢! Don’t remember if the top scoop fell off—they often did.
When my mom died, there were still a a couple of hundred of them left. Not rarities, most pretty much bullion value.
LOL. Or buy and hold forever. Gain looks good on paper ....
Yes, most of them undoubtedly regular Morgans. But they are highly beloved series and any regular dollar brings a decent price well over face value.
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