Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Should i take this offer or not?
>
Reply to Thread
Message:
<p>[QUOTE="NPCoin, post: 1114174, member: 5629"]The current spot conversion for one Morgan is $26.03, as I write this. Your offer is $22.87 for one Morgan. That is roughly 12% back on your investment.</p><p><br /></p><p>Now, the current spot for one Eagle is 33.52, as I write this. Your offer is $39.25 for one Eagle. The Eagles are being offered for 17% in front of current spot. This is far from a "good deal". Buying the Eagles, you are already at a loss, and will continue to be until spot hits $41.32 where you may break even if you are able to find a dealer to purchase at 5% back of spot on the eagles at that point. The premium offered on these Eagles is actually quite outrageous, in my opinion.</p><p><br /></p><p>Now, for the $15 difference, you will actually hit just over 7ozt silver content more with the Morgan lot over the Eagles. That's roughly 36% more silver for less than 2% more money.</p><p><br /></p><p>You have a choice between purchasing $911.05 worth of silver for $800, or $670.40 worth of silver for $785. I personally believe that any possible loss you may incur due to a downward turn in the market on silver would be minimized purchasing the Morgans. And if silver continues to take its upward trek, then you have approximately a 36% greater content value with the Morgans.</p><p><br /></p><p>Being offered 50-60% of spot for 90% silver is demeaning, in my opinion. I routinely sell 40% and 90% silver coin on eBay for close to spot. Even with 14.9% between BIN fees and PayPal fees, I still make better than 80% of spot...even on single pieces.</p><p><br /></p><p>Personally, I would be jumping on the Morgans, and wouldn't even look twice at the Eagles.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 1114174, member: 5629"]The current spot conversion for one Morgan is $26.03, as I write this. Your offer is $22.87 for one Morgan. That is roughly 12% back on your investment. Now, the current spot for one Eagle is 33.52, as I write this. Your offer is $39.25 for one Eagle. The Eagles are being offered for 17% in front of current spot. This is far from a "good deal". Buying the Eagles, you are already at a loss, and will continue to be until spot hits $41.32 where you may break even if you are able to find a dealer to purchase at 5% back of spot on the eagles at that point. The premium offered on these Eagles is actually quite outrageous, in my opinion. Now, for the $15 difference, you will actually hit just over 7ozt silver content more with the Morgan lot over the Eagles. That's roughly 36% more silver for less than 2% more money. You have a choice between purchasing $911.05 worth of silver for $800, or $670.40 worth of silver for $785. I personally believe that any possible loss you may incur due to a downward turn in the market on silver would be minimized purchasing the Morgans. And if silver continues to take its upward trek, then you have approximately a 36% greater content value with the Morgans. Being offered 50-60% of spot for 90% silver is demeaning, in my opinion. I routinely sell 40% and 90% silver coin on eBay for close to spot. Even with 14.9% between BIN fees and PayPal fees, I still make better than 80% of spot...even on single pieces. Personally, I would be jumping on the Morgans, and wouldn't even look twice at the Eagles.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Should i take this offer or not?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...