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<p>[QUOTE="doug444, post: 1898000, member: 38849"]OK, here's the results, AND the rest of the story. We had AU-58 (Treashunt), MS-62, MS-63, MS-64, MS-64, MS-65, and Gem. Hope I didn't miss anybody.</p><p><br /></p><p>Treashunt is spot on -- a decent AU-58 <i>now thoroughly goosed</i>.</p><p><br /></p><p>Saturday morning I bought a roll of silver dollars <u>for bullion</u>, 12 Morgans + 8 Peace. I paid $400 plus a 2014 ASE, so the total cost was in the $21 range. I selected this Peace Dollar to illustrate a point I made in another thread, as it was well-struck with relatively few marks in the fields.</p><p><br /></p><p>OK, "<u>for bullion</u>," remember? In another post, I said you make (or LOSE) money <font size="6">when you buy the coin</font>, not when you sell it. That statement provoked some mild arguments. So I decided to send Ms. Liberty to the spa and the Beauty Shop, to see who among you would LOSE money the instant you bought it.</p><p><br /></p><p>First, I scrubbed the coin 3 minutes with a toothbrush and baking soda, including the reeding. Then I made several applications of Wright's Silver Creme (my thumb is still a little bit black). Then I boiled the coin 5 minutes in ammonia. It's starting to look pretty good. Then I removed all possible residues with acetone on a chamois cloth. Finally, for good measure, I gave the coin a good going-over with the shirt-tail of my Made-in-Vietnam T-shirt.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" /></p><p><br /></p><p>If you had seen the coin in its original state, a somewhat grimy surface and a stain above the eagle, you would have agreed it was an AU-58 at best.</p><p><br /></p><p>Now, according to you-all, I've added about 5 step-up grades in 20 minutes. THIS is why you're losing money on coins. Hello?</p><p><br /></p><p>ANYONE who guessed MS-anything is immediately under water, and will lose money down the line. And now this dollar ("mutton dressed as lamb" as they say in Australia) is going back into the original tube of twenty, probably never to see the light of day again.</p><p><br /></p><p><u>Thanks for participating</u>. Collectively, I saved you-all a lot of money in your upcoming purchases, <u>I hope</u>, plus a little understanding why some of you lose money buying and selling coins.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1898000, member: 38849"]OK, here's the results, AND the rest of the story. We had AU-58 (Treashunt), MS-62, MS-63, MS-64, MS-64, MS-65, and Gem. Hope I didn't miss anybody. Treashunt is spot on -- a decent AU-58 [I]now thoroughly goosed[/I]. Saturday morning I bought a roll of silver dollars [U]for bullion[/U], 12 Morgans + 8 Peace. I paid $400 plus a 2014 ASE, so the total cost was in the $21 range. I selected this Peace Dollar to illustrate a point I made in another thread, as it was well-struck with relatively few marks in the fields. OK, "[U]for bullion[/U]," remember? In another post, I said you make (or LOSE) money [SIZE=6]when you buy the coin[/SIZE], not when you sell it. That statement provoked some mild arguments. So I decided to send Ms. Liberty to the spa and the Beauty Shop, to see who among you would LOSE money the instant you bought it. First, I scrubbed the coin 3 minutes with a toothbrush and baking soda, including the reeding. Then I made several applications of Wright's Silver Creme (my thumb is still a little bit black). Then I boiled the coin 5 minutes in ammonia. It's starting to look pretty good. Then I removed all possible residues with acetone on a chamois cloth. Finally, for good measure, I gave the coin a good going-over with the shirt-tail of my Made-in-Vietnam T-shirt.o_O If you had seen the coin in its original state, a somewhat grimy surface and a stain above the eagle, you would have agreed it was an AU-58 at best. Now, according to you-all, I've added about 5 step-up grades in 20 minutes. THIS is why you're losing money on coins. Hello? ANYONE who guessed MS-anything is immediately under water, and will lose money down the line. And now this dollar ("mutton dressed as lamb" as they say in Australia) is going back into the original tube of twenty, probably never to see the light of day again. [U]Thanks for participating[/U]. Collectively, I saved you-all a lot of money in your upcoming purchases, [U]I hope[/U], plus a little understanding why some of you lose money buying and selling coins.[/QUOTE]
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