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<p>[QUOTE="dave92029, post: 1266579, member: 26916"]The Morgan and Peace Dollars are 90% silver so the spot value with silver @$40 is approx. $36. </p><p><br /></p><p>I looked at collecting these, and decided that I really didn't know enough to make informed decisions. There are lots of small things that make a big difference in value. Therefore I have stayed with ASE Bullion and ASE Graded coins. </p><p><br /></p><p>My experience is that local dealers stay in business by having a good understanding of the market value of their inventory. Yes, they sometimes get over stocked and let things go at low retail value, but you are more likely to find a "deal" on eBay. The local dealer has lots of overhead to pay to keep that shop open.</p><p><br /></p><p>Last week I got a 2007 W NGC MS69 ASE on eBay for $48.52 before deducting the $3.40 (7% eBay Bucks Discount), with free shipping and no sales tax, for a net cost of $45.12. This is approx. $4 over spot for a certified coin. My local dealer's premium on ASE are $3.50 on 2011 bullion ASE. The current NGC/ PCGS market value for this coin is approx. $65</p><p><br /></p><p>When it comes time to sell my silver, I probably will not need to find a coin collector in order to find someone who will pay me spot or above for ASE silver. </p><p><br /></p><p>I'm primarily buying silver not collecting old coins.[/QUOTE]</p><p><br /></p>
[QUOTE="dave92029, post: 1266579, member: 26916"]The Morgan and Peace Dollars are 90% silver so the spot value with silver @$40 is approx. $36. I looked at collecting these, and decided that I really didn't know enough to make informed decisions. There are lots of small things that make a big difference in value. Therefore I have stayed with ASE Bullion and ASE Graded coins. My experience is that local dealers stay in business by having a good understanding of the market value of their inventory. Yes, they sometimes get over stocked and let things go at low retail value, but you are more likely to find a "deal" on eBay. The local dealer has lots of overhead to pay to keep that shop open. Last week I got a 2007 W NGC MS69 ASE on eBay for $48.52 before deducting the $3.40 (7% eBay Bucks Discount), with free shipping and no sales tax, for a net cost of $45.12. This is approx. $4 over spot for a certified coin. My local dealer's premium on ASE are $3.50 on 2011 bullion ASE. The current NGC/ PCGS market value for this coin is approx. $65 When it comes time to sell my silver, I probably will not need to find a coin collector in order to find someone who will pay me spot or above for ASE silver. I'm primarily buying silver not collecting old coins.[/QUOTE]
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Bullion investing, graded or not? or a little of both?
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