Anybody seen the newspaper ads? Theres a company in Long Island, New York that runs newspaper ads once in a while. The ads always claim thay they're selling off a large estate collection or an old bank vault find. Couple of years ago I called them about the Morgans. I asked them "What grade?" Of course the coins are mixed dates and the lowest grades possible. I forget what they were selling the morgans for, but it was a small margin above the silver spot price. Basically if you bought them, you were overpaying for Silver scrap content. No numismatic value. THIS month the same company is running ads in the paper for $10 gold pieces. The liberty heads. $299 each. The ads NEVER MENTION grades. The gold content in the $10 piece is around $280 so theres some profit margin for them at $299. I couldnt find that company on the internet. I lost the ad I clipped out of the paper. But its the biggest rip-off. ****ty grades that are worth scrap value. and they advertise what a great deal. But you buy over the scrap price.
