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another coin I might get at an antique mall...
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<p>[QUOTE="USS656, post: 2603669, member: 6641"]Andy, If you have a Morgan in similar condition a good exercise / learning experience would be to take it to a dealer near you and ask what he would give for it. The dealer will/should not mind giving you a price and you will learn what to expect when and if you decide to sell them. </p><p><br /></p><p>I would expect that you could buy this coin at a good dealers shop for around $20 to $24 at worst with where silver is at right now. I would expect that you would be offered around $12 for the same Morgan. </p><p><br /></p><p>So then you have to decide how much over what the dealer offers you, are you willing to pay. This is how you should think about the purchases you make. The chances are high you will lose money when you go to sell unless precious metals go up considerably. One transaction paying lets say $18 over what a dealer would offer is not the end of the world. When you do that a few hundred times you will look back and say wow I pail a LOT more than what I have is worth. Patience and taking the time to understand what you are willing to pay is hard. The suggestions are only an attempt to help you learn but at the end of the day it's your money and you need to decide how you are going to spend it.</p><p><br /></p><p>BTW: the coin you posted a picture of doesn't look that bad, but a similar coin that has been improperly cleaned could be worth much less than the example you posted. I feel you should not expect to have people give reasonable advice without seeing good pictures of the actual coin you are interested in.[/QUOTE]</p><p><br /></p>
[QUOTE="USS656, post: 2603669, member: 6641"]Andy, If you have a Morgan in similar condition a good exercise / learning experience would be to take it to a dealer near you and ask what he would give for it. The dealer will/should not mind giving you a price and you will learn what to expect when and if you decide to sell them. I would expect that you could buy this coin at a good dealers shop for around $20 to $24 at worst with where silver is at right now. I would expect that you would be offered around $12 for the same Morgan. So then you have to decide how much over what the dealer offers you, are you willing to pay. This is how you should think about the purchases you make. The chances are high you will lose money when you go to sell unless precious metals go up considerably. One transaction paying lets say $18 over what a dealer would offer is not the end of the world. When you do that a few hundred times you will look back and say wow I pail a LOT more than what I have is worth. Patience and taking the time to understand what you are willing to pay is hard. The suggestions are only an attempt to help you learn but at the end of the day it's your money and you need to decide how you are going to spend it. BTW: the coin you posted a picture of doesn't look that bad, but a similar coin that has been improperly cleaned could be worth much less than the example you posted. I feel you should not expect to have people give reasonable advice without seeing good pictures of the actual coin you are interested in.[/QUOTE]
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another coin I might get at an antique mall...
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