Local dealer.. Do you track Morgan VAMs?

MasterGuns · January 18, 2007 9:51AM

I visited a local dealer over the weekend for the first time. He was on the phone when I first walked in. As I was browsing his counter, I over heard him tell the person on the other end that he "Just had a couple of dead beats in the shop". Bad first impression...
But to the point. I had asked about his Morgan inventory. Said he had almost 400 in stock. Then I asked if he tracked them by VAM. He said "What's a VAM"? I turned around and walked out. Will be going back this weekend better educated to browse a little deeper this time.

I'm by no means a master collector. Mostly common, a few nice ones here and there, and never really pursued a series or type. BUT... have a couple of nice Morgans in a Dansco and have been intrigued by all the VAMs. Will go back to that dealer this weekend, a little wiser, a little better prepared ( for his attitude) and slowly and methodically go through his Morgans. Will post any finds. Starting with the Hot 50....

sonoranmonsoon · January 18, 2007 9:57AM

Sounds like a cherry orchard ready for picking.

RVDavis · January 18, 2007 9:57AM

Gunny:

one of the local five dealers I buy from tracks VAMs. When PCGS starts putting out the monthly magazine with a price guide for a few hundred VAMs I think we will see many more retail dealers will care about VAMs.

Rick

MasterGuns · January 18, 2007 10:07AM

This shop is in total disaray and poorly lit. Doubt seriously if he keeps up on current events. Proof will be in the pudding when I go back and see first hand what his grades and asking prices are. He did have a few PCGS slabbed Morgans on display that were priced acccordingly. Regardless..... Still hope to find this a VAM cherry pick

sonoranmonsoon · January 18, 2007 10:19AM

<< <i>Gunny:

one of the local five dealers I buy from tracks VAMs. When PCGS starts putting out the monthly magazine with a price guide for a few hundred VAMs I think we will see many more retail dealers will care about VAMs.

Rick >>

Rick; Do I understand you right? Is PCGS going to start putting values on some of the vams?

MasterGuns · January 18, 2007 10:23AM

I'd be interested as well.

Coxe · January 20, 2007 12:13PM

A lot more dealers are aware of and look for the better known and easily attributable VAMs than a decade or longer ago. For a long time, and for many still, the thinking was that they man hours to look at them and to know the VAMs was a lot higher than the potential rewards and that the high premium ones were so rare that they were unlikely to cross their cases. Many dealers are still happy to get a reliable profit on their silver dollars selling them at retail.

Local dealer.. Do you track Morgan VAMs?

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