Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is this right?
>
Reply to Thread
Message:
<p>[QUOTE="Pilkenton, post: 1166430, member: 23961"]My son came over with an average Morgan dollar and wanted gas money. Since I was broke and the wife with the car, I had no cash on me. He suggested the local coin dealer, who has a reputation of being a miser when it comes to buying silver. I called him and asked the price he was willing to pay for a junk silver Morgan. He said on an average, he buys Morgans for $28, but he would not commit to a price. With silver being as high as it is, I explained this was a common Morgan and I was only expecting junk prices. The dealer said he could not tell me on the phone because if the coin was damaged in any way, it would be worth a lot less. I asked what he meant by damaged. He gave an example...a cleaned coin. I asked him if a cleaned silver coin was was worth less than it's silver weight. He said absolutely, regardless of what silver is going for, a damaged silver coin would be considerably less than what it's silver weight is worth.</p><p><br /></p><p>This doesn't sound right to me. A cleaned silver coin is worth less than it's silver weight? Sounds fishy to me.</p><p><br /></p><p><br /></p><p>BTW. I looked at coinflation and a silver Morgan was worth $35 dollars. I told him not to take less than $28, which I thought was fair. The dealer gave him $29.[/QUOTE]</p><p><br /></p>
[QUOTE="Pilkenton, post: 1166430, member: 23961"]My son came over with an average Morgan dollar and wanted gas money. Since I was broke and the wife with the car, I had no cash on me. He suggested the local coin dealer, who has a reputation of being a miser when it comes to buying silver. I called him and asked the price he was willing to pay for a junk silver Morgan. He said on an average, he buys Morgans for $28, but he would not commit to a price. With silver being as high as it is, I explained this was a common Morgan and I was only expecting junk prices. The dealer said he could not tell me on the phone because if the coin was damaged in any way, it would be worth a lot less. I asked what he meant by damaged. He gave an example...a cleaned coin. I asked him if a cleaned silver coin was was worth less than it's silver weight. He said absolutely, regardless of what silver is going for, a damaged silver coin would be considerably less than what it's silver weight is worth. This doesn't sound right to me. A cleaned silver coin is worth less than it's silver weight? Sounds fishy to me. BTW. I looked at coinflation and a silver Morgan was worth $35 dollars. I told him not to take less than $28, which I thought was fair. The dealer gave him $29.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is this right?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...