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Message:: [QUOTE="Juan Blanco, post: 1605784, member: 41665"]Detecto-I'd quibble with your numbers abit. Do these corrections make sense to you? {edited per Tinpot's point : not 421 grains, etc.} POS @ USD$ 31., a cull Morgan has an intrinsic value of ~$24 at full weight or ~$22.78 (if 5% light.)Remember, a Seller has to pay ~13% to feeBay/PayPal, plus s/h/i (or that's the Buyer's extra cost, maybe you've included that.) There's no good reason a vendor should sells BELOW so-called melt (intrinsic) - that's poor business! Now I just scanned a few completed auctions (SOLD) for cull/common date Morgans for January 1, 2013: ~$33.50 - 46. That's a 19.5% (> 76%) premium over Spot to the dealer, net fees. I've seen that 10% > 13% premiums cited elsewhere for LCS in different parts of the USA before; I don't think you can really claim "It's high!" (these auction prices) after factoring feebay markup. fwiw I also suppose a buyer probably pays marginally more on average during a major holiday, when more noobs are looking/bidding at the 'Bay. I do think it's possible to find 'better price' on eBay (lower premiums) off-peak but much less often and NOT from powersellers: it's also a long waiting-game with many many missed wins ...and not worth the time (honestly.) A Seller would be stupid to typically accept less (< "melt") and this auction market - for various reasons - does make up that difference for most sellers. Others' advice (buying from familiar dealers/solid relationships, etc.) is sound: you're likely to get better deals that way, in person. Is it counterintuitive, why?[/QUOTE]

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