Morning everyone....

After all of the built up anticipation of the one hundred year celebration/anniversary of the Morgan Silver Dollar upcoming release. I have to say that I am extremely underwhelmed by what the US Mint has decided.

First off they have been planning this anniversary coin for two years now, and this is the best they came up with. Very disappointed beyond most people’s comprehension.

The very first interview Coinweek did with Steven Mnuchin, who is the director/treasurer of the US Mint. The information given was very promising.

He stated they were going to use all of the working mints to produce these Morgan silver dollars. Philadelphia, Denver, San Francisco, West Point and Carson City. West Point was going to produce the New Orlean mint coins, because there is no machinery left at that mint. They were going to fire up the machines once again at the Carson City mint, which Steve Mnuchin sounded very excited about.

I know that this is a post about the Morgan silver dollar. But, he also stated that the Peace silver dollar would be done at all of its original mints as well.

Lies, lies and more lies....

First off the production limit for each coin sold separately is ridiculously high at 175,000 coins. With a household limit of 25 coins is also way to high. The price is $85 per coin which is an outrage for just over 3/4 of an ounce of silver. That’s absolute robbery.

Second, they are doing privy coins for Carson City and New Orleans which I hate. They are not firing up Carson City and West Point is not involved at all. Not only that but these are the very first coins being released. STUPID While on the topic of mints, going back to the Peace silver dollar quickly. They are not producing Denver or San Francisco mint coins, which were struck as Peace silver dollars almost every year of production. FAIL

Third, these coins will have ZERO appreciation value with these mintage numbers starting out. Let alone what the final mintage numbers will be. These coins will never be circulated and will be untouched for life.

The US Mint is doing a money grab....

If you want to make real money on Morgan silver dollars, buy the real ones in mint state and you will see the appreciation ten fold versus these over produced high priced coins.

If you are smart you will act quickly i this as once the release of the first coins happens the old original Morgan’s will have a nice bump up in price. Making them harder to obtain in mint state.

I am going to show you exactly what I mean.

The coin that you will see below is a 1902 Morgan silver dollar. It’s original, and has been graded by PCGS as an MS64. I purchased this coin at a coin show just over three years ago for $114. This coin is selling at auction houses for between $250-$340. I used the lowest and highest prices paid at the four auction sites I looked at.

So in just over three years I’ve more than doubled my money on this coin at minimum. On the high end I’ve tripled my money on this coin.

If you lived another fifty years you will not double your money on any of these anniversary coins being released. Unless the silver spot price goes to $250 an ounce. Then you have a chance.

Here is the 1902 MS64 Morgan...

Ain’t she gorgeous...

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