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<p>[QUOTE="Cloudsweeper99, post: 122830, member: 3011"]This is highly unlikely to happen. Any Morgan scarce enough to sell for $20 in AU condition will never sell for half of melt value. Collectors are too knowledgeable to let that happen. People like me will be selling their other possessions to get enough money to buy every one of them.</p><p><br /></p><p>Mojavedave, you are on the right track but don't expect it to be easy. My interest in coins is similar to yours. It takes some patience and searching, because the collectors market is pretty efficient, but occasionally you can obtain coins that are fairly close to melt value and sometimes slightly under melt value that have either commanded a significant numismatic premium to the bullion value in the past, or may do so in the future. So if you buy right, the worst you should do is track the results of bullion, but there is a chance, but by no means a guarantee, that you will do better. But one thing I've learned from this forum is that 95% of the people here know much more than I do about coins 95% of the time, so I have to search for the other 5% of situations where I think I have an advantage. When you find such a situation, you have to be willing to trust your instinct, research and knowledge to buy quickly, because the bargains don't last long. But this implies that you are correct in your evaluation in the first place.</p><p><br /></p><p>If this sounds difficult and complicated, that's only because it is. But I think it's more fun than buying a silver bar.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 122830, member: 3011"]This is highly unlikely to happen. Any Morgan scarce enough to sell for $20 in AU condition will never sell for half of melt value. Collectors are too knowledgeable to let that happen. People like me will be selling their other possessions to get enough money to buy every one of them. Mojavedave, you are on the right track but don't expect it to be easy. My interest in coins is similar to yours. It takes some patience and searching, because the collectors market is pretty efficient, but occasionally you can obtain coins that are fairly close to melt value and sometimes slightly under melt value that have either commanded a significant numismatic premium to the bullion value in the past, or may do so in the future. So if you buy right, the worst you should do is track the results of bullion, but there is a chance, but by no means a guarantee, that you will do better. But one thing I've learned from this forum is that 95% of the people here know much more than I do about coins 95% of the time, so I have to search for the other 5% of situations where I think I have an advantage. When you find such a situation, you have to be willing to trust your instinct, research and knowledge to buy quickly, because the bargains don't last long. But this implies that you are correct in your evaluation in the first place. If this sounds difficult and complicated, that's only because it is. But I think it's more fun than buying a silver bar.[/QUOTE]
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