If I happened... hypothetically..:kewl: to come by a bunch of Morgans selling for 1 dollar each with shipping of 5.95, would I be right to assume that I should buy all of them? I mean, they're still like 8 dollars under the worth of the silver in them.. right? EDIT: 5.95 shipping on each one
I would buy all of them. But like ryanbrooks said, it just doesn't make sense. Whats the catch? Be wary of a scam.
one link.. lol this ones shipping is a little higher than 5.95 http://cgi.ebay.com/1880-O-Extra-Fi...4QQcmdZViewItemQQssPageNameZRSS:B:SRCH:US:102
If you can win that coin for $1.00 then I say go for it. But the auction isn't over yet and I suspect that by the time the listing ends that coin will have sold for at least $15.00.
There are zillions of common date low Morgans on E-Bay. For that reason, they rarely move until very late in the auction. No reason to list 'em for 7 days; they'll be stagnant for 6 days 18 hours. So you can find plenty of Morgans whose current high bid is 99c - less than face, but not for long !
Early last year I bought several rolls of Morgans and Peace, all lightly circulated for approximately $8-9 each. They retained their value, but the greenback didn't!
They will not remain at this value and will sell for $16.00 or better, depending on the grade and dates.