Morgans At Spot or Below, on eBay

This thread would be a lot more meaningful if you-all would just forget the term "intrinsic value." It's a bogus concept. If you ever see the words "intrinsic value" in a Coin World ad, please post it here. The only thing that matters is big dealers' Buy and Sell prices, adjusted for large and small quantities, and for the chart-savvy folks, a long-term graph of the value of the dollar expressed in other world currencies. That's the whole story.

 

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On the scale, at purity, you know what you've got. (Refiner's "Melt" is a useful floor, too.)

Bid/Ask, even cull Morgans might have a published 'Spot mkt' one day. Until then, the WSJ $1k fb will have to suffice.

POS @ 32.85 ; Coins, wholesale $1,000 face val-A .... $24,882. @ ~ 715 ozt. = USD$ 34.80, or a 5.94% premium, wholesale.
POS @ 32.85 ; APMEX SELLS $1,000 face val-A .... $24,482. + $50s/h? @ ~ 715 ozt. = USD$ 34.80, or a 4.45% premium, retail ... but suppose the actual quote might be higher/lower based on +/- POS.

 

why any more than a peace dollar, a mercury dime, or any other junk silver?

 

"No not that slide... another one Quincy!"
The way data's going, why not all... and more.

There's an interesting historical digression I might make, about Platinum circa 1801... but I'll spare you.

 

Irrelevant in the era of instant communications, whatever the story.

In 1801, jeweler #1 didn't know what jeweler #2 ten miles down the road was selling platinum for, unless he jumped on his horse and galloped down there to ask.

And five minutes after #1 left, jeweler #2 may have smelled a deal working and bumped the price £2. The internet age changed buying and selling forever. But human nature hasn't changed -- some of you believe this country can borrow forever, without any drastic repercussions.

 

Fair enough misunderstood you, thought your post was regarding flipping silver in the bay.

 

Jjack, that's where you and I agree completely - it's almost impossible to make money buying and selling bullion.

I do sometimes buy foreign silver coins for their numismatic value, and resell them on eBay, but that's a little different.

Most stackers are wonderfully uninformed about which foreign silver coins are valuable.