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Morgan/Peace Dollars as investment.
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<p>[QUOTE="WingedLiberty, post: 1013973, member: 26030"]Last week, I bought </p><p> </p><p> - 5 rolls of MS61/MS63 Mixed Date (1922-1925) Peace Dollars for $455 per roll and </p><p> - 2 rolls of MS61/MS63 Mixed Date (1878-1904) Morgan Dollars for $629 per roll </p><p> </p><p> The dealer actually let me cherry pick through 6 rolls of Morgans </p><p> to make 2 rolls to buy (which i thought was nice). </p><p> </p><p> Each roll contains about 15.5 oz silver</p><p> </p><p> So the melt on each roll is around $372 (at todays spot price).</p><p> </p><p> I agree it's kind of an interesting play on silver. </p><p> </p><p> However you need to make sure the coins you buy were not harshly cleaned or AU sliders.</p><p><br /></p><p>If you're not careful, the UNC rolls you buy might actually be labeled junk silver </p><p>when you go to sell them (if they were harshly cleaned)</p><p> </p><p>If you are looking for a cheap way to buy silver in a coin that is no longer made ... </p><p> one interesting play is circulated Walking Liberty Halfs ... </p><p>i bought some today at only about 3.6% over melt ... </p><p>circulated Franklin Halfs are even cheaper.</p><p><br /></p><p>You can also take a look at circulated Peace Dollars, Morgan Dollars, Merc Dimes,</p><p>even Barber Halfs are available in bulk quanties. </p><p> </p><p>With these you dont have to worry about grading issues, while still getting your "coin fancy" tickled.</p><p><br /></p><p> Just for comparitive purposes, ASE's are typically sold for around 14% over melt</p><p>but you get a bit more for them when you sell (i think generally $1 to $1.50 over spot)</p><p> </p><p> Here are two sample coins from the Silver Dollar rolls i bought ...</p><p>sorry about the poor quality of the photos</p><p>i shot them in kitchen light using my iphone ... </p><p><br /></p><p>[ATTACH]98571.vB[/ATTACH][ATTACH]98572.vB[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1013973, member: 26030"]Last week, I bought - 5 rolls of MS61/MS63 Mixed Date (1922-1925) Peace Dollars for $455 per roll and - 2 rolls of MS61/MS63 Mixed Date (1878-1904) Morgan Dollars for $629 per roll The dealer actually let me cherry pick through 6 rolls of Morgans to make 2 rolls to buy (which i thought was nice). Each roll contains about 15.5 oz silver So the melt on each roll is around $372 (at todays spot price). I agree it's kind of an interesting play on silver. However you need to make sure the coins you buy were not harshly cleaned or AU sliders. If you're not careful, the UNC rolls you buy might actually be labeled junk silver when you go to sell them (if they were harshly cleaned) If you are looking for a cheap way to buy silver in a coin that is no longer made ... one interesting play is circulated Walking Liberty Halfs ... i bought some today at only about 3.6% over melt ... circulated Franklin Halfs are even cheaper. You can also take a look at circulated Peace Dollars, Morgan Dollars, Merc Dimes, even Barber Halfs are available in bulk quanties. With these you dont have to worry about grading issues, while still getting your "coin fancy" tickled. Just for comparitive purposes, ASE's are typically sold for around 14% over melt but you get a bit more for them when you sell (i think generally $1 to $1.50 over spot) Here are two sample coins from the Silver Dollar rolls i bought ... sorry about the poor quality of the photos i shot them in kitchen light using my iphone ... [ATTACH]98571.vB[/ATTACH][ATTACH]98572.vB[/ATTACH][/QUOTE]
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Morgan/Peace Dollars as investment.
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