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How are these Morgans "junk silver"??? I don't think my local coin dealer knows about the internet.
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<p>[QUOTE="ErrorHunter43, post: 2042893, member: 54353"]From my own experience, and I'm speaking from a profit-making perspective, the existence of eBay has thrown the "books" out the window as the potential "buyer base" has gone from only locals to literally the entire world's population. Aside from the excessively rare coins like the 1944 steel cent or the three legged buffalo, I have yet to see "book prices" be remotely accurate.</p><p><br /></p><p>By simply being a "Morgan Dollar", even if it has three holes drilled into it and an obscene drawing scratched into liberty's face, the coin will still go for more than melt price.</p><p><br /></p><p>The intelligence and/or expertise of the eBay bidder should not matter. What should matter is that the eBay bidder is going to pay you $5-$10 more for the coin than someone buying it at spot price.</p><p><br /></p><p>Get 20 of them together and sell them as a roll of "cud morgan dollars" and the bidders will go completely nuts.</p><p><br /></p><p>As for the collectors who treasure condition and rarity, this should be a good thing. This means you can sell your "trash" pieces for excess profit in order to use the funds to obtain what you really want in your collection.</p><p><br /></p><p>See this auction for example: </p><p><br /></p><p><br /></p><p><a href="http://pages.ebay.com/link/?nav=item.view&alt=web&id=261674959911" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://pages.ebay.com/link/?nav=item.view&alt=web&id=261674959911" rel="nofollow">http://pages.ebay.com/link/?nav=item.view&alt=web&id=261674959911</a></p><p><br /></p><p>That's $176.00 over melt price. And I would consider that well worth the time it would take to list the coins and ship them.[/QUOTE]</p><p><br /></p>
[QUOTE="ErrorHunter43, post: 2042893, member: 54353"]From my own experience, and I'm speaking from a profit-making perspective, the existence of eBay has thrown the "books" out the window as the potential "buyer base" has gone from only locals to literally the entire world's population. Aside from the excessively rare coins like the 1944 steel cent or the three legged buffalo, I have yet to see "book prices" be remotely accurate. By simply being a "Morgan Dollar", even if it has three holes drilled into it and an obscene drawing scratched into liberty's face, the coin will still go for more than melt price. The intelligence and/or expertise of the eBay bidder should not matter. What should matter is that the eBay bidder is going to pay you $5-$10 more for the coin than someone buying it at spot price. Get 20 of them together and sell them as a roll of "cud morgan dollars" and the bidders will go completely nuts. As for the collectors who treasure condition and rarity, this should be a good thing. This means you can sell your "trash" pieces for excess profit in order to use the funds to obtain what you really want in your collection. See this auction for example: [url]http://pages.ebay.com/link/?nav=item.view&alt=web&id=261674959911[/url] That's $176.00 over melt price. And I would consider that well worth the time it would take to list the coins and ship them.[/QUOTE]
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How are these Morgans "junk silver"??? I don't think my local coin dealer knows about the internet.
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