Simple Question, I think...Why does GreatSoutherCoins on eBay sell Proof Morgans and Trade dollars r

uofa1285

Wouldn't they get tons more $$$ if they sent in these seemingly beautiful coins in for grading for $50 or $100 for each coin?

GoldenEyeNumismatics

<< <i>Wouldn't they get tons more $$$ if they sent in these seemingly beautiful coins in for grading for $50 or $100 for each coin? >>



Most of them are PCGS and NGC PR60-62, or Details/Gen coins that they crack out and sell raw.

Tiny

I have wondered that myself but just not about them but about many sellers that have
nice raw coins. Could it be they do not want to tie their investment up for long periods of
time while the coins are being graded? I could understand that as a reason since either
they have the coins consigned or have a large investment that needs to be turning over
all the time. I have seen a few sellers that will give you an extended length of time to
send your purchase in to be graded and I have been tempted to try that but just haven't.

TAMU15

ugly proof copper that the do something (dip?) to and sell it as a "BLAZING RED *GEM!* "

DennisH

They're raw for a reason, and because I'm both a cynic and a pessimist I won't go anywhere near them. But to be fair, I wouldn't go near raw proof Morgans and Trade dollars no matter who was selling them.

GAT

Check the archives and you will find the answer to your question.

uofa1285

<< <i>Check the archives and you will find the answer to your question. >>



Oh, thanks...well, I searched by their name on the main page search here and didn't find anything too revealing...there must be another way to search. Sorry if I clogged up the first page of threads with this.

illini420

<< <i>

<< <i>Check the archives and you will find the answer to your question. >>



Oh, thanks...well, I searched by their name on the main page search here and didn't find anything too revealing...there must be another way to search. Sorry if I clogged up the first page of threads with this. >>




try to type in:

great southern

in the search box at the top of the list of threads in the U.S. Coin Forum... you'll get dozens of threads about them, good luck!

PerryHall

<< <i>They're raw for a reason, and because I'm both a cynic and a pessimist I won't go anywhere near them. But to be fair, I wouldn't go near raw proof Morgans and Trade dollars no matter who was selling them. >>



Bingo!!! Expensive raw coins that are in a dealer's inventory are raw for a reason.

johnny9434

<< <i>

<< <i>They're raw for a reason, and because I'm both a cynic and a pessimist I won't go anywhere near them. But to be fair, I wouldn't go near raw proof Morgans and Trade dollars no matter who was selling them. >>



Bingo!!! Expensive raw coins that are in a dealer's inventory are raw for a reason. >>

JCMhouston

<< <i>Could it be they do not want to tie their investment up for long periods of >>



Well, it could be, but it usually isn't. Any time I see an apparantly high grade popular coin unslabbed on ebay I assume the worst. And I'm usually correct. The additional profit they could ake for a slabbed coin is normally so much higher that if the coin would slab it's already done.

shorecoll

Not too many people in general or eBay sellers in particular, wouldn't tie up a coin for a month if it doubled what they could sell it for...therefore as pointed out above and in the old threads...there must be another reason.

Timbuk3

Thanks, for the various explanations !!!