2023 Morgan and Peace dollars

[jrog100]

Will be released on Thursday (7/13) at noon eastern. Anyone else going for these?

 

[BeefJerky]

Not at $75+ for less than an ounce of silver. No thanks.

 

[nickndfl]

They should have made them in 90%, but Congress mandated .999. The 90% would have more numi value than turning it into bullion which is a commodity.

 

[CopperSilverGold]

Nope for a couple of reasons:
1) I prefer the classic ones from 1878-1904/1921 and 1921-1935, not some remake
2) Not at the asking prices they want. I can get nearly 3 ounces of silver for $75, so why would I buy one ounce?

 

[jrog100]

They should have made them in 90%, but Congress mandated .999. The 90% would have more numi value than turning it into bullion which is a commodity.

yeah, the .999 sucks but happy to see the morgan an peace dollars being made again. not for everyone but us coin collectors sure do love them.

 

[walkingnam]

They are nice looking but not at the price the mint wants for them. Pass. But you know something in awhile I'll probably be sorry that I am passing on them now.

Things change.

 

[jrog100]

I think it's really strange how people here confuse Numismatics with BULLION. I here it time and time again. Something like "I WON"T PAY THOSE OUTLANDISH PRICES FROM THE US MINT!!!". An 1893-s morgan only has about $20 worth of silver but people pay thousands for it. An 1885-CC has a similar mintage to the 2023 Unc Morgan but both are still highly collectible and worth significantly more than their metal content.

A 1909-s VDB cent has 4 cents worth of copper yet people pay hundreds or thousands for that coin.

If you don't want to buy mint modern morgans, cool, whatever. But stop comapring them to bullion, because they aren't.

 

[CopperSilverGold]

I think it's really strange how people here confuse Numismatics with BULLION. I here it time and time again. Something like "I WON"T PAY THOSE OUTLANDISH PRICES FROM THE US MINT!!!". An 1893-s morgan only has about $20 worth of silver but people pay thousands for it. An 1885-CC has a similar mintage to the 2023 Unc Morgan but both are still highly collectible and worth significantly more than their metal content.

A 1909-s VDB cent has 4 cents worth of copper yet people pay hundreds or thousands for that coin.

If you don't want to buy mint modern morgans, cool, whatever. But stop comapring them to bullion, because they aren't.

I can't speak for the others, but there is no confusion on my end. I don't spend money on collectibles because it's a limited/niche market. With bullion, it's much easier to cash out than with a numismatic item.

Finally, if you are going to throw a topic out there, you can't complain when people have views that differ from yours.