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<p>[QUOTE="coleguy, post: 1419581, member: 9167"]First off, he's obviously talking common junk Morgans, as he's referring to bullion, not key date pieces. And, the reason there is a premium is simple. That dealer bought it more than likely from another dealer who bought it just under spot. He sold it to the present dealer at just over spot. The current dealer has to make a profit so he sells it for a bit more. If everyone sold coins at spot nobody would be in business long. It's the same premise with any goods bought and sold. As for Apple, they're just money hoggs.</p><p>Guy[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 1419581, member: 9167"]First off, he's obviously talking common junk Morgans, as he's referring to bullion, not key date pieces. And, the reason there is a premium is simple. That dealer bought it more than likely from another dealer who bought it just under spot. He sold it to the present dealer at just over spot. The current dealer has to make a profit so he sells it for a bit more. If everyone sold coins at spot nobody would be in business long. It's the same premise with any goods bought and sold. As for Apple, they're just money hoggs. Guy[/QUOTE]
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Morgan dollar premiums.
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