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Message:: [QUOTE="Juan Blanco, post: 1588815, member: 41665"]Race Bannon-That's still abit unclear, because it could be read several ways. When you say "SOLD At SPOT" do you mean that literally, or the original Morgan Silver weight? These premiums vary greatly; that's NOT inconsequential.  Take POS @ USD$ 33., estimated different ways. "Bulk-Rate" :1) POS + $1.>2. = $34.-35. per coin2) Mint Weight Intrinsic (@ POS) +1.>2. = ($25.52 + 1.>2.) = $26.52 > $27.52 3) True Intrinsic (Lightly Worn @ POS) +1.>2. ~ ($25.+ 1.>2.) = $26. > $27. "Coin Show Rate":4) POS + $10. = $ 43. per coin5) Mint Weight Intrinsic (@ POS) +10. = ($25.52 + 10.) ~ $ 36.6) True Intrinsic (Lightly Worn @ POS) +10. ~ ($25. + 10.) ~ $ 34. > 35. Since 3 of the 6 are ~$35., that looks to be what you meant, literally: "Spot plus $1 or $2." That premium is 40% over the Intrinsic value of a lightly-worn Morgan, btw. Rather steep, for "bullion"! (In fact, there's a 'junk numismatic premium' I suppose.) It's a vastly better deal to buy (low-premium) Silver Proof Quarter Rolls, I see now. Thanks![/QUOTE]