Circulated Morgans in demand
At last week’s Las Vegas show activity was particularly brisk in regard to bullion related material.
This article was originally printed in Numismatic News.
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At last week’s Las Vegas show activity was particularly brisk in regard to bullion related material. Collectors were actively seeking needed items, but were somewhat reluctant to pull the trigger unless the item was very difficult. Many did return and empty their wallets after carefully shopping around.
This week we have reviewed the dollars and proof/mint set charts and there are more changes than not. Morgan dollars continue to be in strong demand, and although we are experiencing some weakness in silver the last few days it has not had any effect on demand. Scarce date issues are in demand but far overshadowed by demand for circulated common date and mint state certified coins.
Circulated Peace dollars are actually in greater demand than their older brothers with prices becoming nearly equal in some grades. The common 1921 Morgan is experiencing the same upside down demand with rumors of a West Coast buyer trying to accumulate 1 million coins.
Proof sets are experiencing strong demand on meltable silver issues but there is some indication of increased activity in the cheaper non-silver sets. Mint sets remain steady with the obvious silver influence adding value to some.
Comments or suggestions: E-mail to harrymkrause@optonline.net. 100579, Cape Coral, FL 33910-0579
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