Reply to Thread

Message:: [QUOTE="Juan Blanco, post: 1586706, member: 41665"]This is helpful info and makes sense, thanks! o.k. so if POS $33. (12/4/2012) the intrinsic Silver in a Mint-tolerant coin is $25.52. A well-worn Morgan weighs 25.2 - 25.73 g (cited by blaubart 6/13/2012; ckachu16 6/10/2009) and 'normally light' ~26.15 g (EvilKidsMeal 4/18/2011) instead of the Mint Full-Weight 26.73 g So-called 'melt' (intrinsic ) for normally light would be $25., and $24. - 24.60 for well-worn Morgans. A NH dealer's BID @ $20 is a 17% - 20% discount; that sounds like real Melt to me. A NH dealer's ASK @ $33 "selling for spot(Silver)" for a normally light Morgan would be 32% premium. But I think you're calling 'Dealer's Spot' the Mint full-weight ($28.36) at purity for a well-worn Morgan; that's a premium of 13.4% - 15.2% over intrinsic, factoring weight loss. Lightly-worn Morgans for $30. is ("a dollar or two more" as they say) includes marginal numismatic value and sell at a 20% premium over Intrinsic, factoring weight-loss. The difference between the BID ($20.) and the ASK ($30.) seems high. Hopefully, that LCS offers abit higher Bid for decent Morgans. As I wrote, the Boston LCS offered $27.50, but I'm not surprised different dealers have different rates.[/QUOTE]