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I have a chance to buy 185 silver dollars in graded holders. What do I pay to profit from these ?

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  • Cougar1978Cougar1978 Posts: 8,765 ✭✭✭✭✭
    edited May 13, 2018 7:21AM

    Forget it!

    If you can’t answer that question yourself your not dealer material.

    Investor
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Best of luck with this endeavor... There is just not enough information to help you make any decision. Proceed carefully since, based on many of your previous posts, you seem to be new to numismatics. Good luck, Cheers, RickO

  • coinpalicecoinpalice Posts: 2,463 ✭✭✭✭✭

    i'm still waiting to see the graded best known WORLD WIDE picture

  • davewesendavewesen Posts: 6,646 ✭✭✭✭✭

    buy them for less (plus cost of acquisition and disposition) than you can sell them for if you want to make a profit.

  • ECHOESECHOES Posts: 2,974 ✭✭✭✭✭

    @davewesen said:
    buy them for less (plus cost of acquisition and disposition) than you can sell them for if you want to make a profit.

    This

    ~HABE FIDUCIAM IN DOMINO III V VI / III XVI~
    POST NUBILA PHOEBUS / AFTER CLOUDS, SUN
    Love for Music / Collector of Dreck
  • logger7logger7 Posts: 9,005 ✭✭✭✭✭

    I'd offer the seller a penny for the first coin, two for the second, four for the third, and you just keep doubling up to the 185; problem solved and both you and are happy.

  • jmlanzafjmlanzaf Posts: 36,419 ✭✭✭✭✭

    @LindeDad said:

    @Wabbit2313 said:

    @LindeDad said:
    Not the ones bought sight unseen IMO.
    Not knowning who graded them melt would be a start point on pricing.

    I don't care who graded the dollars, I will pay melt on as many as you have, all day and night long.

    Let get an order in from Ali Babba then I can take you up on that offer. :wink:

    If you've got fake coins in fake holders, then paying melt (when they may not even be silver) is foolish. If you are talking real coins in real holders, paying melt is criminal.

  • jmlanzafjmlanzaf Posts: 36,419 ✭✭✭✭✭

    @Watchbelieve said:
    I bet everyone who told me not to purchase these because I asked if coins in the old holders usually upgrade are ALL DEALERS trying to keep people like me from taking the chance away from them. I Purchased raw coins from this man before. He inherited everything and knows nothing. I’m not getting ripped off for sure but I understand that I have to be cautious. I’m excited to show you what I get, I have a great feeling about this one. I admit the chances of this working out are slim but when dealing with the client I’m getting them from... it should be a score.

    A few responses were a bit harsh, BUT honestly consider the question you asked. There is NO right answer. Are they common dates, rare dates, uncirculated type, circulated, details grades, major TPG, minor TPG....? Do "old holders" upgrade? Sometimes. Sometimes not, even if they are PCGS and NGC. Coins have a tendency to find their way to the max grade.

    You want a serious answer. Buy a new greysheet for $35, pay 10% back of blue and you are safe [if NGC and PCGS]. If ANACS, discount 30% back of blue. If PCI or similar, learn to grade and buy them as if raw.

  • jmlanzafjmlanzaf Posts: 36,419 ✭✭✭✭✭

    @Watchbelieve said:
    Considering one of the coins in the raw batch I bought came out graded best known WORLD WIDE. I’m excited to see what was actually graded

    See...this reeks of petulance.

  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭

    @LindeDad said:

    @Wabbit2313 said:

    @LindeDad said:
    Not the ones bought sight unseen IMO.
    Not knowning who graded them melt would be a start point on pricing.

    I don't care who graded the dollars, I will pay melt on as many as you have, all day and night long.

    Let get an order in from Ali Babba then I can take you up on that offer. :wink:

    ...sounds good but the contingencies of “melt” may run you into some trouble, as most ali babba coins catch fire and smoke out before they have an opportunity to melt. ;)

  • logger7logger7 Posts: 9,005 ✭✭✭✭✭

    Hope they're not in SEGS holders, does PCGS even cross those with all the work involved?

  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭

    They’re all in Accugrade holders... :p

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

    It's beer thirty.

  • ashelandasheland Posts: 23,714 ✭✭✭✭✭
  • ashelandasheland Posts: 23,714 ✭✭✭✭✭
  • WatchbelieveWatchbelieve Posts: 527 ✭✭✭


    Hey , just checked out the coins. They ended up being all ms-64 Morgan’s purchased off of an infomercial in 2013. He payed $117 each. I’m not offering him anything as it’s clear he payed nearly double what they are worth. He was just another sucker to those experienced tv salesmen.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    You can NOT go wrong with Morgans.

    They are rare beyond all comprehension.
    Pay no attention to the buckets of them being offered. You KNOW they are from the COWBOY days and are irreplaceable mementos of true history and beauty.

    :p

  • ChrisH821ChrisH821 Posts: 6,715 ✭✭✭✭✭

    @Watchbelieve said:
    Hey , just checked out the coins. They ended up being all ms-64 Morgan’s purchased off of an infomercial in 2013. He payed $117 each. I’m not offering him anything as it’s clear he payed nearly double what they are worth. He was just another sucker to those experienced tv salesmen.

    Ouch, $117 ea. for common MS64 Morgans. That sort of markup by a large company who knows better is just criminal.
    At 185 pcs. that's almost $21,000 for those who don't feel like calculating.

    Collector, occasional seller

  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    In summer of 2011, common 64's spiked up to $150.

  • davids5104davids5104 Posts: 805 ✭✭✭✭

    I would love to go variety hunting though

    [Ebay Store - Come Visit]

    Roosevelt Registry

    transactions with cucamongacoin, FHC, mtinis, bigjpst, Rob41281, toyz4geo, erwindoc, add your name here!!!

  • davewesendavewesen Posts: 6,646 ✭✭✭✭✭

    It does not matter what the person paid, what were they hoping to get for them?

  • Coin FinderCoin Finder Posts: 7,393 ✭✭✭✭✭

    So have you seen the coins? Lets start there. Are they real? Who graded them and when? Are there any better dates? What are the grades? Why are they selling?........THis is good info to get, first things first...

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,572 ✭✭✭✭✭

    What do you have to avoid paying, to profit ? That's the question. Answer : full retail.

  • AUandAGAUandAG Posts: 24,929 ✭✭✭✭✭

    Today, nobody will pay him what he paid. Not even close. I'd certainly do a bit of explaining and show and tell with similar Morgans and what the recent sales prices reveal. Then I'd see if he really wanted to take the loss. Might be needing money for something else more important and your money is as good as anybody's.

    bob :)

    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • 1Mike11Mike1 Posts: 4,427 ✭✭✭✭✭

    Its terrible to think someone wasted a lot of money on those coins. Most likely an older person who wont or can't use the net to look for solid information.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • Type2Type2 Posts: 13,985 ✭✭✭✭✭

    Yes most will go looking for a good deal on a car but if some one calls you or you see it on T.V it's a good deal. Like that preacher saying he needs a new plane to save Fuel so the church should buy him one and he has 4 or 5 already.



    Hoard the keys.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    Sadly, not old holders. How bad does he need to get out of his mistake?

    @Watchbelieve said:

    Hey , just checked out the coins. They ended up being all ms-64 Morgan’s purchased off of an infomercial in 2013. He payed $117 each. I’m not offering him anything as it’s clear he payed nearly double what they are worth. He was just another sucker to those experienced tv salesmen.

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