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<p>[QUOTE=&quot;Juan Blanco, post: 1629188, member: 41665&quot;]Do you mean &quot;<i>sh</i>ould&quot;? </p><p>Also, if Morgandude11 said that elsewhere, then he plainly contradicts himself here. But maybe he <i>actually </i>means: &quot;If I don&#039;t like it, it&#039;s worth Melt&quot;? </p><p>That&#039;s ridiculously narrow &amp; useless to others. CTers can be peculiar that way. Hard to know <i>what </i>they mean sometimes.</p><p><br /></p><p>In the real world, LCS might pay intrinsic <b>or even <i>less</i></b>, it just depends. Recently, I was curious what a LCS would pay for 3 junk Barber quarter pocket pieces (when coinflation said $17.49 Melt) the geezer offered me <b>just $12.</b> I mentioned Latest Melt quote and he gave me a dumb smirk, lame excuse and final retort: &quot;That&#039;s what I&#039;ll pay you.&quot; </p><p><br /></p><p>lol, that&#039;s it, NO THANK YOU. Coin dealers/buyers can be VERY peculiar that way too. At the end of the day, anything is ALWAYS &quot;worth&quot; what someone <i>will </i>pay/ what you <i>can </i>sell it for (net transaction costs.) The junk Ag premium/discount is easy enough to see at final sale (and not really debatable after) but not everyone here understands that the same way. </p><p><br /></p><p><u>Avoid</u> buying anything underweight, heavily worn, damaged, etc. ... unless you&#039;re getting a significant discount over whatever <i>numismatic US Ag coin premium </i>on those &quot;junk&quot; UNCs. It seems like retail buyers should be able to haggle down junkety-junk from the Sellers&#039; Ask, against that base numismatic premium. Then again, looking at junk Morgans on APMEX the market might be too tight right now. The LCS <i>should </i>offer better deals than this, no? Ouch, on that premium.</p><p><a href="http://www.apmex.com/Product/12595/1878_1904_Morgan_Silver_Dollar___Good_or_Better.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.apmex.com/Product/12595/1878_1904_Morgan_Silver_Dollar___Good_or_Better.aspx" rel="nofollow">http://www.apmex.com/Product/12595/1878_1904_Morgan_Silver_Dollar___Good_or_Better.aspx</a> </p><p><br /></p><p>fwiw, APMEX offers 4 &quot;grades&quot; of what appear to be &#039;cull Morgans&#039; honestly (cal&#039;d as above.) Where 26 Morgan $1 = 20.11 ozt = $639.70 Intrinsic/&quot;Melt&quot;: </p><p>2/1/2013 on APMEX POS @ 31.80, the lowest Morgans (&quot;WORSE THAN CULL&quot;) sell @ <b>$27.66 </b>(+$25. = $719 or $37. ozt. ) .... 15.7% premium over POS</p><p>2/1/2013 on APMEX POS @ 31.80, the lowest Morgans (&quot;CULL&quot;) sell @<b> $32.1</b> (+$25. = $836 or $42.82 ozt. ) .... 34% premium over POS</p><p>2/1/2013 on APMEX POS @ 31.80, the lowest Morgans (&quot;Almost Good&quot;) sell @ <b>$33.66 </b>(+$25. = $875. or $44.76 ozt. ) .... 40% premium over POS</p><p>2/1/2013 on APMEX POS @ 31.80, the lowest Morgans (&quot;Good or Better&quot;) sell @ <b>$36.66 </b>(+$25. = $953. or $48.64 ozt. ) .... 52% premium over POS[/QUOTE]</p><p><br /></p>

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