Does anybody know where all the thousands of newly slabbed Morgans ended up?

truthteller · June 27, 2011 2:46AM

Just curious.

TRUTH

DaveE · June 27, 2011 2:53AM

telemarketers and TV sales.

truthteller · June 27, 2011 2:57AM

<< telemarketers and TV sales. >>

All of them? If so, that is some promotion. 150,000 coins.

TRUTH

PerryHall · June 27, 2011 3:07AM

<< telemarketers and TV sales. >>

Yup. Destined to become part of many investment portfolios.

truthteller · June 27, 2011 3:24AM

MS Dollar Morgan prices on the greysheet.

...........Feb 2011...June 2011

MS63...$43............$53
MS64...$64............$73
MS65...$140..........$163

TRUTH

coirn · June 27, 2011 3:32AM

Ended up delaying my submissions, yo.

Coin Finder · June 27, 2011 3:37AM

My guess is that Truth knows and is not going to tell us

airplanenut · June 27, 2011 3:37AM

Cracked out and resubmitted for upgrades.

johnny9434 · June 27, 2011 3:50AM

<< telemarketers and TV sales. >>

that makes almost perfect sense. who know knows for sure

Greeniejr · June 27, 2011 4:08AM

Big deals like that invariably get sold to telemarketers. Some sell them over the phone, some on TV. The 25 bag hoard of Morgans we handled went to a telemarketer who I believe sold them via the phone. I am pretty sure I saw coins with the McClaren Pedigree from Legend being sold on TV.

illini420 · June 27, 2011 4:10AM

maybe the guy was just getting his personal collection slabbed... nothing like having a stack of 4,300 PCGS blue boxes full of Morgans in your garage

WTCG · June 27, 2011 4:14AM

Mostly to investment holdings, telemarketers and home shopping outlets.

keyman64 · June 27, 2011 4:32AM

<< maybe the guy was just getting his personal collection slabbed... nothing like having a stack of 4,300 PCGS blue boxes full of Morgans in your garage

>>

Comparable to the person that had 12 trash cans of Wheaties in his garage?

Greeniejr · June 27, 2011 4:35AM

I think most of these hoards get graded ATS

Coin Finder · June 27, 2011 4:35AM

I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question.

WTCG · June 27, 2011 4:44AM

<< I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question. >>

They can try but when common coins are involved the bidding dealer will subject their bids to be "hit" by large quantities. As an example, anybody can enter a bid on MS64 Morgans that's 50 percent higher than the current bid but there is a very likely chance that a couple of FedEx trucks may show up at his office two days later with 40,000 coins. If the dealer honors his bids he'll probably end up buying way more coins than he had anticipated (tying up capital in common, fungible coins). If he does not honor his bids he'll lose credibility and next time his bids will not be taken seriously.

truthteller · June 27, 2011 4:46AM

<< I don't want to "speak out of school" here but do some individuals in the the dealer network inflate the bid ask prices on greysheet when there is a big deal going down? Just a question. >>

Just keep this in mind when there is another "run up" in any sector of the coin market. THERE ARE NO REGULATIONS.

TRUTH

Does anybody know where all the thousands of newly slabbed Morgans ended up?

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