Comments on: Gold, Silver and Other Metals Fall on Thursday, July 6

By: Craig

Craig — Fri, 07 Jul 2023 15:47:32 +0000

In reply to Craig. Major D, I have 3 of the 2021 Peace Dollars and appreciate your update on what the secondary market is selling them for. I own all of the 2021 issues and plan on keeping them in my collection. I did have to buy a CC from silver.com and, as expected, it had a minor flaw on the obverse. I naturally assume any coin one buys on the secondary market has probably failed to grade 70. All the others I got from the mint appear perfect, but I don't 'slab' mine so who knows. As for the price in the future, I don't think we are going to lose money on these, but with the relatively high mint numbers, I think it will be a gradual rise in price over time. Also, if people do get excited about collecting these Morgans/Peace dollars, we'll have the key dates in hand.

By: Craig

Craig — Fri, 07 Jul 2023 12:56:15 +0000

D, Why would anyone buy from any of those sites? Are people that stupid that they don’t realise they can buy direct from the mint and still pay ludicrous prices for their coins. Maybe they are. I know FOMO drives many of these types to jump on these products, but history should teach them to exhibit a bit of patience and the prices should come in. It’ll be interesting to see what prices these sites will be offering them for in the Fall/Winter. I will own a few, so I’m obviously hoping their interest remains…strong.

By: Antonio

Antonio — Thu, 06 Jul 2023 23:16:58 +0000

A pound of gold would be about $30,646.40 and silver would be about $366.24. It looks like a lot until you figure what you can buy with that. A car? Or a down payment on one. Mortgage payment or rent for a few months? How long will that last you for groceries? These are the things that matter really. Well, I suppose one doesn’t necessarily need a car. I’m looking at the long term when I’m in my “senior” years.