Home› U.S. Coin Forum

Would you buy Morgans for $14.50 a pop?

rodzmrodzm Posts: 675 ✭
in U.S. Coin Forum
Just asking because my dad's local coin shop offered Morgans to him for $14.50 a pop, and he gets to choose which ones. Turns out the shop owner bought quite ab it of them and is in need of cash since his more expensive gold coins are not selling. The shop cant even get rid of silver eagles so he sent them in to get melted

Comments

  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    As of this moment, absolutely.
  • TomBTomB Posts: 22,120 ✭✭✭✭✭
    Yes.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • WindycityWindycity Posts: 3,560 ✭✭✭✭✭
    all day long
    <a target=new class=ftalternatingbarlinklarge href="http://www.mullencoins.com">Mullen Coins Website - Windycity Coin website
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    In a heart beat!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • jmdm1194jmdm1194 Posts: 379 ✭
    What the Phone number to the coin shop?? image
    www.wasatchcoin.com

  • TevaTeva Posts: 830 ✭
    Where do I sign up??
    Give the laziest man the toughest job and he will find the easiest way to get it done.
  • LongacreLongacre Posts: 16,717 ✭✭✭
    Yes, unless he bought the hoard at the Silk Market in Beijing. image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • Wolf359Wolf359 Posts: 7,663 ✭✭✭


    << <i>Just asking because my dad's local coin shop offered Morgans to him for $14.50 a pop, and he gets to choose which ones. Turns out the shop owner bought quite ab it of them and is in need of cash since his more expensive gold coins are not selling. The shop cant even get rid of silver eagles so he sent them in to get melted >>



    Yes. Silver value is $14.69 per morgan.
    Multi-channel listings of coins and inventory management

    Free Trial
  • droopyddroopyd Posts: 5,381 ✭✭✭


    << <i>all day long >>



    took the words right out of my mouth!
    Me at the Springfield coin show:
    image
    60 years into this hobby and I'm still working on my Lincoln set!
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭
    It depends upon what the Morgan dollars look like. If he's selling a bunch of "slicks" and chewed up examples, I'd make sure I could them over quickly. If they are decent coins in Choice Fine or VF, then it's a nice deal in this market.

    Damaged and badly worn U.S. dollars are always a bad deal unless they prices cheap (close to or under melt).
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Buy Buy Buy all he has !!!!!!
    https://www.ebay.com/str/christyscoins
  • BillJonesBillJones Posts: 34,891 ✭✭✭✭✭
    I had to say this, but are you sure they were made in the U.S. ?

    The jerk in China loves to make Morgan dollars, and if he's doing it with lower than standard grade silver (less than 90%), you could be in for a screwing.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • mustanggtmustanggt Posts: 2,687 ✭✭✭✭✭

    absolutely, especially if I get to pick them
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Where do I get in on this deal?? Quick, PM the number... I will call and place an order. Cheers, RickO
  • MsMorrisineMsMorrisine Posts: 36,236 ✭✭✭✭✭
    Yes.

    And

    How much for the silver eagles?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    back up the truck !!!

    unless they are too warn. some silver guys dont want coins under VF.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    clean out your bank account and buy all that he has at that price and then flip it for more money!! This is a great price! HOWEVER, are you sure these are even real? I'd be real careful..............
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • SaorAlbaSaorAlba Posts: 7,593 ✭✭✭✭✭
    As long as they are not culls, youbetcha.
    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • ROBBItheOKIEROBBItheOKIE Posts: 369 ✭
    YEP YEP!!!!!
    COINHUNTER
  • COINB0YCOINB0Y Posts: 4,505
    Break out a Credit Card and Buy as many as you can!
  • scottgardenerscottgardener Posts: 1,205 ✭
    Morgans at $14.50? Can't sell gold?!? Where is this guy?!?
    Improperly Cleaned, Our passion for numismatics is Genuine! Now featuring correct spelling.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>Morgans at $14.50? Can't sell gold?!? Where is this guy?!? >>



    If I recall.....Puerto Rico

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • morgandollar1878morgandollar1878 Posts: 4,006 ✭✭✭✭✭


    << <i>As of this moment, absolutely. >>




    image
    Instagram: nomad_numismatics
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i> The shop cant even get rid of silver eagles so he sent them in to get melted >>



    I don't see what the point is in melting silver eagles, since they're essentially the highest tier of bullion that you can buy.
  • AUandAGAUandAG Posts: 24,959 ✭✭✭✭✭
    Why don't you tell him about our BST. Stuff that is priced right just goes away asap.
    Do him and us a favor.

    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • jt88jt88 Posts: 3,251 ✭✭✭✭✭
    as many as I can buy.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    I have wholesalers who will buy them at $17.00, so long as they're not polished, so yeah.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Melting silver eagles because they can't sell them? That shop is doing something very wrong if they can't sell ASE's.

    Where's the shop located, on a deserted mountain somewhere?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • rodzmrodzm Posts: 675 ✭


    << <i>Melting silver eagles because they can't sell them? That shop is doing something very wrong if they can't sell ASE's.

    Where's the shop located, on a deserted mountain somewhere?

    roadrunner >>



    You have to know the area and you will soon realize why nobody is buying silver eagles. Coin shops are very scarce, and the owner cannot sell his higher priced items which is where he makes his money. What good is it if he buys eagles below spot but still cant manage to sell them. Demand is just not there for silver. Amazingly but true, and me having lived there I can tell you that probably 90% of the population is not aware of the value of silver, hence the reason why theyre not selling.

    Its too bad that I dont live there anymore since i am military stationed overseas but Im damn sure to send money over for some Morgans. I mean Morgans below melt value? Cant really pass on it
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    I've been put on hold cuz HSN is on the line. grrrrrrrrrrrrr
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    Some dealers buy price is higher than $14.50.

    Ed
  • rodzmrodzm Posts: 675 ✭
    My dad just called from the shop and while the shop owner has a few Morgans, most are Peace dollars and in excellent condition @ the price of $14.50 each. If he buys 100 the price would be $14.00 each. Im shopping for some silver dollars on the cheap woooohoooo
    Payday is in a few days and im having silver fever.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...