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<p>[QUOTE=&quot;SwendiCoin, post: 671782, member: 18768&quot;]In preparation for my first coin show I made a spreadsheet of prices for various grades of the coins I&#039;m interested in.&nbsp; And that would be Morgan silver dollars.&nbsp; I first gathered prices from the PCGS website.&nbsp; Looked up a bunch of on-line auctions to see what recent prices were.&nbsp; Afterwards, I did a spot check on some of them with the prices in the 2010 red book.&nbsp; The ones I checked were the same or a little higher than the PCGS prices. Thus, I decided to just take my 2-page spreadsheet in with me and leave the red book in the car.</p><p>&nbsp;</p><p>This worked pretty good.&nbsp; As I went through the tables checking prices and asking what they really wanted, I would write notes on my spreadsheet about the good deals.</p><p>&nbsp;</p><p>Question 1 - One of my &quot;good&quot; deals was an 1897 MS65 (NGC slab) for $290.&nbsp; I did not have any auction results for this grade, but the PCGS price is $350.&nbsp; I really liked the coin, so I pulled the trigger.&nbsp; Later I checked my prices for the specific coins I purchased against the red book.&nbsp; Uh oh!&nbsp; The red book price for this same coin is $185.&nbsp; How often does one see such a big discrepency in prices like this?</p><p>&nbsp;</p><p>Question 1B - So did I do okay on that price?&nbsp; I just looked up prices at NumsMedia and they have it at $363.&nbsp; So I&#039;m hoping there was a typo in the red book.</p><p>&nbsp;</p><p>Question 2 - I had good luck picking up common date MS64 (NGC and PCGS) Morgans for $50 or a little under.&nbsp; But one dealer had one priced at $70 (PCGS is $65 and auctions sold at around $50 for the coin).&nbsp; I asked if that was his real asking price.&nbsp; He said for me to make an offer.&nbsp; I offered $50.&nbsp; From his response, you would have thought I had just insulted his mother!&nbsp; I got a lecture about needing to make a living, etc., etc.&nbsp; Anyway, I moved on.&nbsp; My question here is, how do you all deal with someone like this?</p><p>&nbsp;</p><p>Question 3 - Another dealer had a lot of slabbed Morgans.&nbsp; Maybe 200 or more.&nbsp; He had prices written on labels on the slabs.&nbsp; Most were 20% or higher than the PCGS prices.&nbsp; I asked if those were his real prices.&nbsp; He said that they were pretty much except that he could probably work with me a little.&nbsp; I ended up just moving on past his table too.&nbsp; I just did not feel like having to bargain with someone just to get the prices down to the PCGS prices which I feel are already inflated.&nbsp; I mean this guy had common date Morgans $100 or more where PCGS has them listed at $65.&nbsp; What would you have done?&nbsp; Should I have at least asked if he would take $50 on a couple of them?</p><p>&nbsp;</p><p>&nbsp;</p><p>In summary, I had a great time looking.&nbsp; I managed to pick up 10 Morgans and except for the 1897, I think I did pretty good.&nbsp; I probably over paid on a couple, but they were really nice looking coins, so I don&#039;t mind.</p><p>&nbsp;</p><p>I also noticed that the friendlier the dealer, the less I minded paying a little more for the coin.&nbsp; Is that a trap one has to watch out for, or just part of the experience?</p><p>&nbsp;</p><p>Thanks for listening![/QUOTE]</p><p><br /></p>

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