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<p>[QUOTE=&quot;yakpoo, post: 1178506, member: 18157&quot;]Thanks for a very interesting thread! You pose some questions which should be of general interest to all collectors. Since I don&#039;t know anything about you other than what you&#039;ve posted, I&#039;ll offer some ideas and you can accept/reject based on your personal situation.</p><p>&nbsp;</p><p><b>Point #1</b></p><p>&nbsp;</p><p>Many Collectors (especially younger Collectors) are perfectly content to put together a complete, circulated collection. The coins are more affordable, can be displayed in an album without fear of damage, and have a potential for long term bullion/numismatic appreciation. If that idea appeals to you, you are well on your way to completing your Peace Dollar collection...the 1921/1928 being the only stumbling blocks (the 1934s is affordable in lower grades).</p><p>&nbsp;</p><p><b>Point #2</b></p><p>&nbsp;</p><p>Your Dealer offered you $26/coin and most of responses I see so far are negative. I think $26/coin is a fair price and here&#039;s why...</p><p>&nbsp;</p><p><b>1.</b> Your coins are common dates and really not worth more than melt in their condition.</p><p>&nbsp;</p><p><b>2.</b> Everyone is quick to compute a bullion price based on the published &quot;uncirculated&quot; weight, without taking into account a coin&#039;s wear. The &quot;uncirculated&quot; bullion content of your coins is 0.77344 Oz/each...that&#039;s $27.30/each given the current silver price of $35.30/Oz. Taking into account your coins&#039; wear, I think your Dealer made you a very fair offer; an offer intended to attract your future business.</p><p>&nbsp;</p><p><b>3.</b> Most Dealers weigh common date (bullion) coins, then multiply by some factor that takes into account the current silver price, the fact that &quot;coin silver&quot; is only 90% silver, and a little profit for the &quot;house&quot;. The multiplication factor can change on a daily basis so if you get a price you like and you want to sell, you shouldn&#039;t wait (imho).</p><p>&nbsp;</p><p><b>Point #3</b></p><p>&nbsp;</p><p>If, as you say, you would like to get into &quot;investing&quot;, I would first suggest you focus your time and energy into learning how to read corporate annual reports and invest in stocks...you&#039;ll make <b>WAY</b> more money doing that than investing in coins. Personally, I invest in stocks and use a portion of the profits to support my coin &quot;habit&quot;.</p><p>&nbsp;</p><p>Coin investment is risky and expensive. Everyone has their hand out at purchase time and at sales time. In between, you have security and storage risks/expenses to consider.</p><p>&nbsp;</p><p>If these statements haven&#039;t deterred you, then you most likely want to be a coin &quot;Collector&quot; with an eye towards profit...which is what I gathered from your original post.</p><p>&nbsp;</p><p><b>Scott Travers</b> is a coin investment author that has a number of very good books on the subject. I&#039;ve gotten all of my Scott Travers books from Amazon.com.</p><p>&nbsp;</p><p>In a nutshell, Scott Travers doesn&#039;t advise investing in common date coins in any condition. He recommends investing in the highest grade <b>KEY DATE</b> coins possible. That may be an over simplification of hundreds of pages of thoughtful analysis...but that&#039;s the main &quot;nugget&quot; I took away from my readings.</p><p>&nbsp;</p><p><b>Point #4</b></p><p>&nbsp;</p><p>I like the idea of going for a Carson City (obsolete mint) Morgan dollar. You can&#039;t really call yourself a Morgan dollar collector without at least one (1) Carson City coin. Of course, as <b>vroomer</b> says, if you can get an 1893s for $260...I would go for it!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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