Not sure how I did today on a largish size purchase?

DNADave

I picked up 90 some Morgans/Peace, mostly AU for $20 each,
and $50 face of mixed Mercs at 17X face.

Did I overpay?

mrpaseo

You did good on the Mercs.

mrpaseo

The going rate for 90% right now is 17.11 x face.

That said, there is usually a bit of premium at this time.

Someone else will have to chime in on the Morgans.

roadrunner

And even better on the silver dollars. Some of the big boyz sell dollar bags of pre-21 Morgans at over $32/coin. And those are just VG-XF coins.
They sell culls for over $27 each. $20 for AU's is just dandy....heck...the spot value alone is $18.48.

I'm seeing 90% being sold at around 20-21X. Your 17X is certainly a good wholesale level. I have to think some dealers are paying 18X to 19X just to get it.
It's been under shortage like the silver dollars for months now.

vpr

$20 for Morgans is really good. I never find those prices over here. : (

mkman123

You did good on the 90% and even better on the silver dollars...........lucky!

s4ny

You did great. Morgans and Peace Dollars have held up very well. I see AU
coins going for $30 each and more. Melt is $18.67.

C0INB0Y

<< <i>I picked up 90 some Morgans/Peace, mostly AU for $20 each,
and $50 face of mixed Mercs at 17X face.

Did I overpay? >>



If your fishing for a "You Suck" award, it falls short, but nice haul-in.

guitarwes

You did really good. If you twist my arm I'll let you make a small profit off of me.