After I posted the news that the U.S. Mint will continue the Morgan and Peace dollar programs, I watched the reaction.
If I only read the reaction from social media, you would think that the U.S. Mint was proposing to devalue every collection and that they were about to do the worst thing since striking the Susan B. Anthony dollars.
According to my Inbox, 39 people were excited. Three were not in favor but less negative than those on social media. Six people said that they were indifferent to the program.
What do you think?
Should the U.S. Mint Continue to Strike Morgan and Peace Dollars
Yes, I love them. (69%, 86 Votes)
NO! (insert your reason here) (14%, 18 Votes)
Ok, but I probably won't buy them (9%, 11 Votes)
I don't know... maybe. I mean if people really want to buy them... (8%, 10 Votes)
Total Voters: 125
More Morgan and Peace dollars mean more ways for the authorized buyers to bilk the collectors. Fool me once!
If we could buy them for $85, that is three times spot! But prices end up closer to $200 or more, nearly ten times spot. By the time the grade them and add the designers signature and a first day of strike label, they ask $1500 for a $24 ounce of silver.
PS: I got delivery and am holding a Morgan for you at cost if you still want it.
You are correct in your impression but there’s a minor nuance missing. However, the market will eventually normalize. While these coins will never make it to the junk boxes, the prices will eventually go down.
I’ll contact you privately about the coin. Thank You.
Classic coin revivals are the way to go.