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Sent 23 Morgans To CAC....The Results!
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<p>[QUOTE="GoldFinger1969, post: 2111641, member: 73489"]Coin, I've seen photos on the Web of tons of MSDs in a Chinese warehouse. There must be plenty of buyers for these coins, must be lots of people not able to pick out a counterfeit.</p><p><br /></p><p><b>Another factor is the markup to the bullion itself. </b> If you include $12 in silver in an MSD counterfeit, you want to be able to sell them for a big multiple of that bullion. It's tricker with a Saint, where you are going to need over $1,000 in gold (assuming you are using gold) and unless it's a very rare mintage or year, you're going to replicate a common with a mark-up of maybe 30-50% at best.</p><p><br /></p><p>Given who buys what, <b>I think your average Saint buyer is more likely to be a coin expert than your average Morgan buyer.</b> Because there are lots more part-time, occasional buyers of Morgans given the lower $$$ involved in buying them. Saints require alot more money to purchase and the average buyer is collector is probably more knowledgeable about that type of coin. There are lots more MSD collectors than Saints, I think that's the consensus.</p><p><br /></p><p>Of course, as we have seen here,<b> the 'experts' on both coins are extremely knowledgeable. </b> But neither are likely to be looking at any counterfeit coins. It's the occasional, casual, or gift-buyer who I think is the target.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 2111641, member: 73489"]Coin, I've seen photos on the Web of tons of MSDs in a Chinese warehouse. There must be plenty of buyers for these coins, must be lots of people not able to pick out a counterfeit. [B]Another factor is the markup to the bullion itself. [/B] If you include $12 in silver in an MSD counterfeit, you want to be able to sell them for a big multiple of that bullion. It's tricker with a Saint, where you are going to need over $1,000 in gold (assuming you are using gold) and unless it's a very rare mintage or year, you're going to replicate a common with a mark-up of maybe 30-50% at best. Given who buys what, [B]I think your average Saint buyer is more likely to be a coin expert than your average Morgan buyer.[/B] Because there are lots more part-time, occasional buyers of Morgans given the lower $$$ involved in buying them. Saints require alot more money to purchase and the average buyer is collector is probably more knowledgeable about that type of coin. There are lots more MSD collectors than Saints, I think that's the consensus. Of course, as we have seen here,[B] the 'experts' on both coins are extremely knowledgeable. [/B] But neither are likely to be looking at any counterfeit coins. It's the occasional, casual, or gift-buyer who I think is the target.[/QUOTE]
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Sent 23 Morgans To CAC....The Results!
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