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Does anybody know where all the thousands of newly slabbed Morgans ended up?

truthtellertruthteller Posts: 1,240 ✭✭
in U.S. Coin Forum
Just curious.



TRUTH

Comments

  • DaveEDaveE Posts: 367 ✭
    telemarketers and TV sales.
  • truthtellertruthteller Posts: 1,240 ✭✭


    << <i>telemarketers and TV sales. >>




    All of them? If so, that is some promotion. 150,000 coins.



    TRUTH
  • PerryHallPerryHall Posts: 45,962 ✭✭✭✭✭


    << <i>telemarketers and TV sales. >>



    Yup. Destined to become part of many investment portfolios.image

    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

  • truthtellertruthteller Posts: 1,240 ✭✭
    MS Dollar Morgan prices on the greysheet.

    ...........Feb 2011...June 2011

    MS63...$43............$53
    MS64...$64............$73
    MS65...$140..........$163




    TRUTH
  • coirncoirn Posts: 500
    Ended up delaying my submissions, yo.
  • Coin FinderCoin Finder Posts: 7,108 ✭✭✭✭✭
    My guess is that Truth knows and is not going to tell us image
  • airplanenutairplanenut Posts: 22,107 ✭✭✭✭✭
    Cracked out and resubmitted for upgrades.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • johnny9434johnny9434 Posts: 28,108 ✭✭✭✭✭


    << <i>telemarketers and TV sales. >>

    that makes almost perfect sense. who know knows for sure
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭
    Big deals like that invariably get sold to telemarketers. Some sell them over the phone, some on TV. The 25 bag hoard of Morgans we handled went to a telemarketer who I believe sold them via the phone. I am pretty sure I saw coins with the McClaren Pedigree from Legend being sold on TV.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    maybe the guy was just getting his personal collection slabbed... nothing like having a stack of 4,300 PCGS blue boxes full of Morgans in your garage image

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • WTCGWTCG Posts: 8,940 ✭✭✭
    Mostly to investment holdings, telemarketers and home shopping outlets.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • keyman64keyman64 Posts: 15,499 ✭✭✭✭✭


    << <i>maybe the guy was just getting his personal collection slabbed... nothing like having a stack of 4,300 PCGS blue boxes full of Morgans in your garage image >>

    Comparable to the person that had 12 trash cans of Wheaties in his garage? image
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭
    I think most of these hoards get graded ATS
  • Coin FinderCoin Finder Posts: 7,108 ✭✭✭✭✭
    I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question.

  • WTCGWTCG Posts: 8,940 ✭✭✭


    << <i>I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question. >>



    They can try but when common coins are involved the bidding dealer will subject their bids to be "hit" by large quantities. As an example, anybody can enter a bid on MS64 Morgans that's 50 percent higher than the current bid but there is a very likely chance that a couple of FedEx trucks may show up at his office two days later with 40,000 coins. If the dealer honors his bids he'll probably end up buying way more coins than he had anticipated (tying up capital in common, fungible coins). If he does not honor his bids he'll lose credibility and next time his bids will not be taken seriously.
    Follow me on Twitter @wtcgroup
    Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
  • truthtellertruthteller Posts: 1,240 ✭✭


    << <i>I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question. >>




    Just keep this in mind when there is another "run up" in any sector of the coin market. THERE ARE NO REGULATIONS. image



    TRUTH

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