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(Morgan Dollar) VAMs now close to bullion, hmmm!
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<p>[QUOTE="Juan Blanco, post: 1674604, member: 41665"]Thanks Chris and YES I AGREE.</p><p><br /></p><p>From VAMworld</p><p>3/25/2013 "I will give you $90 for your 90-P VAM 1F" proves <i>some<u>one</u> </i>is still out there, trading very minor Morgan die flaws at a premium. </p><p><br /></p><p>On eBay many MANY VAMs get 0 bids (BIN) and languish. I have no idea how many people bought into the VAM hype, tens of thousands of collectors or mere hundreds? </p><p><br /></p><p>3/24/2013 1878-S DDO RIB VAM-6 sold for <b>$47.80</b>; arguably, arguably LESS than <i>Same Date non-VAMs</i> in similar condition. </p><p>In other words, <i>the VAM </i>was zero benefit/premium to the coin's value, or NO NUMISMATIC PREMIUM at all!</p><p><br /></p><p>Could VAM designation actually hurt pricing, where buyer's fear a gimmick? Maybe. I suppose many(most?) VAMs were gimmicky and that market's 'been played now.'[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1674604, member: 41665"]Thanks Chris and YES I AGREE. From VAMworld 3/25/2013 "I will give you $90 for your 90-P VAM 1F" proves [I]some[U]one[/U] [/I]is still out there, trading very minor Morgan die flaws at a premium. On eBay many MANY VAMs get 0 bids (BIN) and languish. I have no idea how many people bought into the VAM hype, tens of thousands of collectors or mere hundreds? 3/24/2013 1878-S DDO RIB VAM-6 sold for [B]$47.80[/B]; arguably, arguably LESS than [I]Same Date non-VAMs[/I] in similar condition. In other words, [I]the VAM [/I]was zero benefit/premium to the coin's value, or NO NUMISMATIC PREMIUM at all! Could VAM designation actually hurt pricing, where buyer's fear a gimmick? Maybe. I suppose many(most?) VAMs were gimmicky and that market's 'been played now.'[/QUOTE]
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