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<p>[QUOTE="Collecting Nut, post: 26149281, member: 74863"]Based on what you said I’d never go back to that dealer again. He’s taking advantage of you. A Morgan Dollar contains .77344 ounces of silver. Silver is over $32 an ounce so .77344 times $32 is a $24.75 for melt. A dealer needs to make a profit do an offer of $20 each is still a little low it is fair as you don’t know what it takes for him to stay in business. Junk silver dollars should sell for about $30 each. You can see what I mean. </p><p>I’m not sure in your area but there are a number of online dealers that would give you a better price. You would need to do research first before dealing with one of them. Without photos it’s difficult to say but the grade and date on that CC Morgan sounds like a good coin but with a low offer due to his $10 offer, which he’s at least half price of what he should be.</p><p>You did good to walk out-Just never go back. If the date on the CC Morgan is an 1885, please let me know. Not an offer to buy but it is a better date.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 26149281, member: 74863"]Based on what you said I’d never go back to that dealer again. He’s taking advantage of you. A Morgan Dollar contains .77344 ounces of silver. Silver is over $32 an ounce so .77344 times $32 is a $24.75 for melt. A dealer needs to make a profit do an offer of $20 each is still a little low it is fair as you don’t know what it takes for him to stay in business. Junk silver dollars should sell for about $30 each. You can see what I mean. I’m not sure in your area but there are a number of online dealers that would give you a better price. You would need to do research first before dealing with one of them. Without photos it’s difficult to say but the grade and date on that CC Morgan sounds like a good coin but with a low offer due to his $10 offer, which he’s at least half price of what he should be. You did good to walk out-Just never go back. If the date on the CC Morgan is an 1885, please let me know. Not an offer to buy but it is a better date.[/QUOTE]
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