In the October 14 editions of the Greysheet and Bluesheet, we performed a comprehensive review of the Morgan dollar series. Unfortunately, in this market the analysis of current levels reflected negatively as prices are down on a number of issues in this series. This reality is especially obvious in the gem grades of MS65-MS67, and the results at auction have trended downward of late.
We also felt compelled to lower prices in grades lower than MS65 as we have seen a number of issues trade either on the bourse floor, eBay, or auction (live and internet) for lower values than published. We did not expect this updated information to be controversial, but apparently it was.
A number of our readers called, wrote and otherwise shouted from the rooftops about the blasphemy of CDN lowering prices on their beloved Morgan dollars. Alas, your faithful editors personally responded to all of those who contacted us (when we weren’t hung up on!) and we actually had some great conversations. In a few cases we heard from dealers who claim to be âthe biggest market maker in the universe for Morgan dollars. You lowered our precious