Ebay Coins...???

SOrry but I don't understand your post

 

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How can he guarantee a Morgan in every 3 shipments if he never searches them? Also, exactly how many coins are you getting from this person?

 

I'm guessing that he throws on in a every 3 lots but there could very well be more. One guy like buying his lots so much he has bought 23 lots before.........one man found 4 morgans in 1 lot....you get 1/2 LB
What do you think??

 

Hm...half a pound is enough to fill how big of a bag? I just need to put the amount in a better perspective before I decide if it's worth it.

 

I'm guessing a ziplock bag..

 

NNC is a third party gradeing company. They have a reputation for over grading their coins and make no gaurantee that the coin is authentic. I deal in Lincoln pennies about 90% of the time and their graded pennies will sell for less than half an ungraded penny many times Alot of times you can get a penny graded by them for less than 5 dollars sometimes for less than 2 dollars. These same coins , if they stood up to a cross grade with PCGS would be worth 1000's. The one's I've sent in I have never lost money on, but I have made a $100 on a few and the others are worth more than I have in them. One of these days I will hit the holy grail and buy a coin woth 1000's for a mere few bucks, Hopefully

 

Ahh...thanks for explaning .......Wish you well...by the way how do you do the smiles??

 

That would absolutely not guarantee a Morgan.

He says that "one in three" lots include a Morgan. That doesn't mean that every third lot has one, it means that one-third of the lots have one. Assuming he's being truthful, the only way to guarantee getting a Morgan would be to buy at least 66.7% (two-thirds +) of the lots.

 

I worte him and he told me that if I bought 3 lots there would be a morgan. ???

 

Not to beat a dead , but how can he know that about unsearched lots

Let's see - 1 Morgan weighs 26.73 grams, so there are 37.41 coins per kilogram.

One kilo = 2.2 pounds or 4.4 half-pound lots.

That computes to a hair over 8-1/2 big dollar-size coins per lot!

Post-'82 cents are 2.5 g. or 400 per kilo, which comes to approximately 90 per lot.

Are lots containing between 9 and 90 coins worth it?

Don't forget, the more coins the less average weight per coin.

 

9 coins? That's impossible. He/she has to be selling more than that.

 

remember that half a pound is only 8 ounces. How many grams in an ounce??

 

1 gram = 0.0352739619 ounces

1 ounce = 28.3495231 grams

That would make 224 grams.

What is the weight of an average coin?

 

Roughly somewhere between 2 and 27 grams. Without knowing how many cents, nickels, dimes, quarters, halves and dollars (large and small), there is no way to compute an average. That's why I said there are between 9 and 90 coins per half-ounce: 8=1/2 silver dollars plus something else; 90 post-'83 cents; or something in between for a mix.

 

When you put it that way, it's defiantly not worth it.

 

I feel that chances are you won't be happy! Almost sounds like your mind is made up though. 1 chance for a morgan every three lots equals a lot of money for maybe a LOW $30 circulated morgan. Keep us posted on what you get. ok?

 

Lot sellers know almost exactly the value of their lots, and they definately guarantee themselves a healthy profit. They may throw a few good coins in occasionally, but in the long run, they run like the state lotteries. They usually make 50 to 200% more than 'street' value. i have bought a couple of lots, but just for the fun of getting a few coins to look through. Go ahead and buy a lot, then take the same amount of money to a show or dealer, and see what kind of 'lot' you can make for yourself.

 

I have got to agree with you most people on e-bay are trying to make money not give it away. Most who have that kind of coin hoard, can have one of there kids or anyone search them. Would you sell something without looking at it.:rolling: :rolling:

 

Wow....exzact weight...

 

I would bet it would be more like 20-35