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<p>[QUOTE="ddddd, post: 2691372, member: 22377"]Hey all,</p><p> As the title says, I was recently trying to sell an NGC MS 63 Morgan (relatively common date, neutral toning) and have noticed something that to me seemed odd. At the first coin store, the dealer looked at it for a few seconds and said it wasn't for him (no offer to purchase). At the second store, the dealer pulled out the graysheet, looked at the number, and said I'll pay 20% below the number here.</p><p><br /></p><p> Is this common in your experiences? I always thought Morgans were some of the most liquid coins that any lcs would buy. I also thought margins on them were better than 20% under sheet (i.e. more like at sheet or 5% under).</p><p><br /></p><p> In general, I'm seeing more of the local coin stores becoming places where dealers look to buy precious metals under spot or do favorable deals where non-coin people are trying to dump a relative's collection. Just some thoughts. What are you all experiencing?[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 2691372, member: 22377"]Hey all, As the title says, I was recently trying to sell an NGC MS 63 Morgan (relatively common date, neutral toning) and have noticed something that to me seemed odd. At the first coin store, the dealer looked at it for a few seconds and said it wasn't for him (no offer to purchase). At the second store, the dealer pulled out the graysheet, looked at the number, and said I'll pay 20% below the number here. Is this common in your experiences? I always thought Morgans were some of the most liquid coins that any lcs would buy. I also thought margins on them were better than 20% under sheet (i.e. more like at sheet or 5% under). In general, I'm seeing more of the local coin stores becoming places where dealers look to buy precious metals under spot or do favorable deals where non-coin people are trying to dump a relative's collection. Just some thoughts. What are you all experiencing?[/QUOTE]
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