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If you were making an offer on silver today.....

DNADaveDNADave Posts: 7,271 ✭✭✭✭✭
in Precious Metals

what would you offer if you had the chance on this deal?

Of course, I won't offer until I see it, but the buyer has refused a lowball offer from a local dealer, and wants to know what I'd give.

300 Morgans,
100 pounds of 90%


Seller also has some silver certs and 5 "gold coins"

Left to him by his grandfather, that's all the info I have at this time....

this will keep me up at night until I see it.


Comments

  • percybpercyb Posts: 3,324 ✭✭✭✭
    How many ounces is all of that?
    "Poets are the unacknowledged legislators of the world." PBShelley
  • PerryHallPerryHall Posts: 46,116 ✭✭✭✭✭
    What do the silver dollars look like? Any mint state? Any culls? Are they all common dates? Check APMEX's web site. They list retail prices for common Morgans in grades from culls on up. A fair offer might be 90% of retail.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • RedHerringRedHerring Posts: 2,077 ✭
    Based on it being junk? 100 pounds of 90% is 1,312 troy ozs of silver by my calculation.

    The Morgans? I'd say 300 at $19/ea.

    So sight-unseen my offer would be $35K and not a penny more. image

    What was the amount of the lowball offer? image
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Is that 100 Troy pounds or Avoirdupois?
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    If I give you my buy numbers will you pay my rent, utilities and phones for a year ?
  • DNADaveDNADave Posts: 7,271 ✭✭✭✭✭


    << <i>If I give you my buy numbers will you pay my rent, utilities and phones for a year ? >>



    No, I'm just looking for wild speculation and having fun. image

    I hear the fella may be interested in about 12X face and $15 per Morgan....with three or four of my friends splitting the costs.

    If that's the case, I'm all in with the 3K I can play with right now....only a small portion for me.
  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>I hear the fella may be interested in about 12X face and $15 per Morgan....with three or four of my friends splitting the costs. >>



    Let me know if need some help. I'll pay 13X face and $16 per Morgan. image
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>

    << <i>I hear the fella may be interested in about 12X face and $15 per Morgan....with three or four of my friends splitting the costs. >>



    Let me know if need some help. I'll pay 13X face and $16 per Morgan. image >>



    +1 ~ I gotta $1,000 to spend~tonightimage




    Avid collector of GSA's.
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