How much are you paying for bulk Silver Dollars...

lkenefic · August 1, 2008 1:07PM

... my local B&M shop has a bulk bin of Morgan dollars grading in the F-XF range... common dates... how much should I be paying for these??

L

Placid · August 1, 2008 1:13PM

Melt.

FishyOne · August 1, 2008 1:46PM

$14 max with $13 each being a good deal at this time..................

CaptHenway · August 1, 2008 2:48PM

<< $14 max with $13 each being a good deal at this time.................. >>

LOL!
That's a good one!
Tell us some more!!!!!!

COINB0Y · August 1, 2008 4:15PM

Try Here

mheffner2 · August 1, 2008 8:52PM

I've landed a good deal at $14-$14.50 lately, less the $1 in silver that is worn off of them.

jdimmick · August 1, 2008 9:28PM

When they come in loose over the counter, I pay 11- 11.50 for Peace @ 21 Morgans, and F < Morgans. I do a bit better on Nicer VF-AU Morgans and pay 12-14. All nice XF and betters go to E-bay where they sell at 17-18 each per coin. The junk, cleaned , dark morgans and all common peace get sold to the local flea market vendors at 13.00 each. They in turn sell them at 15-16 bucks I believe. I move em fast, they sit and sell one or two at a time.

morgansforever · August 1, 2008 10:16PM

Local B&Ms here pay 8-9 times face for culls, a little more for VF +.

I can get them for 12X, which is below melt, at this time.

Scott

cmerlo1 · August 1, 2008 10:39PM

I can get singles for $16 each...if I buy in bulk, $14.50.

lkenefic · August 2, 2008 1:02AM

That's sort of what I thought... With silver being around $18/oz and there being around 3/4 of an oz of silver in a Morgan dollar (around $14 worth) I should be paying perhaps just over that sum for bulk Morgans.

My local B&M is charging $20

Smittys · August 2, 2008 1:04AM

Guess I'm paying to much as a little dealer..... I pay 13.00 and up on Morgans
Guess it's time to lower that price...........

lkenefic · August 2, 2008 1:36AM

Smitty... after you pay the $13... how much do you turn them around for? I understand that you need to keep the lights on and eat, so you need to make a profit.

All the Best...Leo

Blackhawk · August 2, 2008 1:58AM

I haven't checked for a couple months, but at that time the dealer that I do business with was getting a premium for Morgans from one of those companies that puts together sets for sale in magazines & TV commercials...the price of commons was about $16.00 at that time.

Smittys · August 2, 2008 2:03AM

<< Smitty... after you pay the $13... how much do you turn them around for? I understand that you need to keep the lights on and eat, so you need to make a profit.

All the Best...Leo >>

AMPEX is paying 15.50 per VG or better
so I can't understand why dealers would be selling for less than that

FishyOne · August 2, 2008 2:32AM

"AMPEX is paying 15.50 per VG or better"

That must have dropped this week because their website is listing BUY @ $13.81 each for G or better Morgans right now.

BECOKA · August 2, 2008 2:35AM

I'd buy just about any common circ Morgan at $13-14 right now.

lkenefic · August 2, 2008 2:43AM

<< I'd buy just about any common circ Morgan at $13-14 right now. >>

...but would you buy them at $20??

Smittys · August 2, 2008 2:53AM

<< "AMPEX is paying 15.50 per VG or better"

That must have dropped this week because their website is listing BUY @ $13.81 each for G or better Morgans right now. >>

VG or better is 15.55
Culls are 13.55
Just looked

FishyOne · August 2, 2008 2:59AM

VG or better is 15.55

Those are their sell prices...............

dcarr · August 2, 2008 3:37AM

Several dealers are paying $15.50 for VG & better pre-'21 Morgans, as of today. SCPM is one example.

CaptHenway · August 2, 2008 6:40AM

<< ... my local B&M shop has a bulk bin of Morgan dollars grading in the F-XF range... common dates... how much should I be paying for these??

L >>

Just to clarify the question, are you talking about 1921 Morgans or pre-1921 Morgans?

fc · August 2, 2008 6:50AM

<< 

<< I'd buy just about any common circ Morgan at $13-14 right now. >>

...but would you buy them at $20?? >>

no. i would want to buy at what dealers pay.. 13-14 each. in other
words the going melt rate.

i have no idea why CaptHenway laughed at this price range.
but maybe i have a feeling he was thinking problem free nice looking
XFs... while i am thinking non-eye appealing grades all over coins...
also his point about the dates makes a lot of sense too.

jdimmick · August 2, 2008 6:58AM

You have to figure in shipping for selling to places APmex and such. Many people forget to figure this . If I can sell at say 13.50 locally vs shipping to somebody at 14.00 its foolish for me to do so. In fact, just 15 minutes ago, i sold 25 common $ to a local flea vendor at 13.50 each!!

jim

BECOKA · August 2, 2008 7:47AM

<< 

<< I'd buy just about any common circ Morgan at $13-14 right now. >>

...but would you buy them at $20?? >>

Nope. I just accumulate and am in no hurry. If someone offers more then I say go to them.

lkenefic · August 2, 2008 9:17AM

<< 

<< ... my local B&M shop has a bulk bin of Morgan dollars grading in the F-XF range... common dates... how much should I be paying for these??

L >>

Just to clarify the question, are you talking about 1921 Morgans or pre-1921 Morgans? >>

All pre-1921... common dates

CaptHenway · August 2, 2008 2:23PM

<< 

<< 

<< I'd buy just about any common circ Morgan at $13-14 right now. >>

...but would you buy them at $20?? >>

no. i would want to buy at what dealers pay.. 13-14 each. in other
words the going melt rate.

i have no idea why CaptHenway laughed at this price range.
but maybe i have a feeling he was thinking problem free nice looking
XFs... while i am thinking non-eye appealing grades all over coins...
also his point about the dates makes a lot of sense too. >>

To pay what the dealers pay, you have to be a dealer. In other words, rent a storefront, hire staff (or yourself) and commit to a lot of overhead.

As a dealer, I can wholesale my surplus average circ. 1921 Morgans and common date Peace dollars for $15 per. For pre-21's I get more.

The OP asked what he should pay for common Morgan dollars. He later clarified the question to limit them to pre-1921's. I assume that he is not a dealer asking what he should be paying over the counter. That would mean that he is asking what he should pay for them RETAIL. If I can WHOLESALE the 1921's and Peace for $15 per, it is laughable to suggest that the OP should be able to buy dollars RETAIL for $14 per or less.

TD

lkenefic · August 4, 2008 11:31AM

Exactly... I'm not a dealer, and I realize that dealers need to "keep the lights on" and pay for overhead, so a certain amount of profit is to be expected. However, I also realize that this isn't the sole source of income for a dealer... so I guess the question is... what's reasonable here? Is $20 each for common-date (pre-1921) Morgans in VF/XF condition reasonable?

CaptHenway · August 4, 2008 2:50PM

<< Exactly... I'm not a dealer, and I realize that dealers need to "keep the lights on" and pay for overhead, so a certain amount of profit is to be expected. However, I also realize that this isn't the sole source of income for a dealer... so I guess the question is... what's reasonable here? Is $20 each for common-date (pre-1921) Morgans in VF/XF condition reasonable? >>

You could probably find some in my $18 junk box. For $20 you might find some lower end AU's.
Hope this helps.
TD

How much are you paying for bulk Silver Dollars...

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