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Morgans at Silver value $23.64

tneigtneig Posts: 1,505 ✭✭✭
in Precious Metals
I was posting for ASEs, but got a response for morgan's.
Conflation's silver value is $23.64, so if I buy for that, no loss, only possible added premium value later, eh?
COA

Comments

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    If I could get them for that I'd buy all I could. That's a good price if they're not POS.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Good luck getting Morgans at $23.64.

    Edited to add: APMEX's buy price is $26 and sell price is $30 on these. Link.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Good luck !!! image
    Timbuk3
  • GambinotdxGambinotdx Posts: 95 ✭✭


    << <i>I was posting for ASEs, but got a response for morgan's.
    Conflation's silver value is $23.64, so if I buy for that, no loss, only possible added premium value later, eh? >>



    hey if you buy them for $23.64, I'll buy them off you for $25 each! lol quiiiiiiiiiiiiiiick profit! :-)

    but really, if you can find them at that price then...wow. that price is so low you could sell them on ebay and still manage a profit after all the fees!
    successful transactions with: vpr, robman, piecesofme, metalsman, gdavis70, agentjim007, ranshdow and more to come!
  • guitarwesguitarwes Posts: 9,266 ✭✭✭
    Very very good price. Very little to no downside. Even if silver was to drop, these tend to keep the numismatic premium.....unless they are culls.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭
    With no holes and readable dates you have a guaranteed profit. There are a number of dealers that will pay stronger than the $26 noted above, including me.
    Successful BST Transactions with: WTCG, Ikenefic, Twincam, InternetJunky, bestday, 1twobits, Geoman x4, Blackhawk, Robb, nederveit, mesquite, sinin1, CommemDude, Gerard, sebrown, Guitarwes, Commoncents05, tychojoe, adriana, SeaEagleCoins, ndgoflo, stone, vikingdude, golfer72, kameo, Scotty1418, Tdec1000, Sportsmoderator1 and many others.


    Please visit my website Millcitynumismatics.com
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Very very good price. Very little to no downside. Even if silver was to drop, these tend to keep the numismatic premium.....unless they are culls. >>



    Common date Morgans & Peace $ only carry a small "numismatic premium," as such they will also drop in price proportionally to spot, just like they did in the the past & will do so in the future.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Wait. You were "posting" for them? Like here, or craigslist?

    Because it seems unlikely that someone here would sell them for that price.

    If it's a craigslist or a newspaper or something, be very, very cautious. Could be phishing, could be fakes, could be someone just trying to find out where someone who likes precious metals lives. Proceed with caution if it's from a source like this.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • THISISMETHISISME Posts: 41
    Just make sure they are the US made Morgans.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    That would be a great buy price... but would make me super cautious. Cheers, RickO
  • tneigtneig Posts: 1,505 ✭✭✭
    Thanks much all.
    Yep, it was a craigs post they responded to, and asked if I'd buy morgans. I just said I'm looking to buy a few ASE's.
    So, I'll see if anything pans out, but likely a feeler. Will be more cautious.

    They could pull a gun on me, but I'm still more afraid of my wife finding out!
    COA
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    APMEX's buy price is $26 and sell price is $30 on these

    From APMEX ad: * This is the price APMEX will pay you when selling your items to APMEX. Subject to certain minimums

    Don't quote me on this, but see that part that says subject to certain minimums? That means you selling them at least $10k worth of those condition coins to get that advertised price. An order to them for <$10k worth of merchandise is a much lower price they will pay you.

    Maybe someone who regularly sells to them can confirm or speak to this, but I've heard what I am saying from local B&M dealers.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>APMEX's buy price is $26 and sell price is $30 on these

    From APMEX ad: * This is the price APMEX will pay you when selling your items to APMEX. Subject to certain minimums

    Don't quote me on this, but see that part that says subject to certain minimums? That means you selling them at least $10k worth of those condition coins to get that advertised price. An order to them for <$10k worth of merchandise is a much lower price they will pay you.

    Maybe someone who regularly sells to them can confirm or speak to this, but I've heard what I am saying from local B&M dealers. >>



    True...click on APMEX buy price and it will give you the details.

    "The buy price is for transactions exceeding $10,000.00. For transaction of less than $10,000.00 the price paid will be at the discretion of APMEX and may be less than what is displayed here."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    You can call APMEX and find out their buy price for whatever quantity you have. On this type of item, unless you're selling a very small quantity, you'll probably be very close to the listed price. Anyway, even if not, you won't have trouble finding other people happy to pay you that.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • TheTalkingWalnutTheTalkingWalnut Posts: 444
    If you don't already know, memorize how many grams real Morgans weigh, and weigh the ones you're thinking about buying on a digital scale before you purchase.

  • silverman68silverman68 Posts: 542 ✭✭✭


    << <i>APMEX's buy price is $26 and sell price is $30 on these

    From APMEX ad: * This is the price APMEX will pay you when selling your items to APMEX. Subject to certain minimums

    Don't quote me on this, but see that part that says subject to certain minimums? That means you selling them at least $10k worth of those condition coins to get that advertised price. An order to them for <$10k worth of merchandise is a much lower price they will pay you.

    Maybe someone who regularly sells to them can confirm or speak to this, but I've heard what I am saying from local B&M dealers. >>



    For raw silver dollars with the lot value under 10K, deduct .50 cents from the listed price per coin on the website.
  • jdimmickjdimmick Posts: 9,673 ✭✭✭✭✭
    Exactly, we pay more than that over the counter , except holed and or severely culled.
  • jdimmickjdimmick Posts: 9,673 ✭✭✭✭✭
    If you have a dealer account with Apmex, and do a suffient amount of business, they will usually waive the 10k min buying price quote.

    also, if you know the traders , you can ask for one specifically by name. (all the guys and gals there are great(trae, mack, mary, others)

  • Steve27Steve27 Posts: 13,274 ✭✭✭
    Last night at our coin club auction, a dealer was buying F-VF Morgans for $27 a piece; good luck buying them lower.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    If you have a dealer account with Apmex, and do a suffient amount of business, they will usually waive the 10k min buying price quote.

    Well, I would think most here are not fortunate enough to be in that privledged postion. This is why I will "pool" together with others I know locally when selling to them...strength in numbers for those who don't do it for a living kind of thing image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • tneigtneig Posts: 1,505 ✭✭✭
    yep and thanks!
    magnet, size & feel, scale, protection
    I'm usually a pretty easy going flexible kinda of personality, so I have built in rules to help a bit. Under these conditions no connection to home, and if the deal is questionable in any way, from initial view, to any glitch along the way, just no thank you, turn and walk away.
    Likely a moot point now. Either feeling things out, or got a better price. NP

    Likely be no time I would be selling back to Apmex, not expecting a good price for my few things. I'd sell them here.



    << <i>If you don't already know, memorize how many grams real Morgans weigh, and weigh the ones you're thinking about buying on a digital scale before you purchase. >>

    COA
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Likely be no time I would be selling back to Apmex, not expecting a good price for my few things. I'd sell them here. >>



    Yup. The BST forum and the monthly BST thread in the PM forum is a great place to buy and sell coins and PM's and it's free. As long as you deal with forum members that have been active participants here for awhile you are fairly safe. Most can provide numerous references and it's possible to get some good deals.

    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

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