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Sold a few Morgans today—FWIW
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<p>[QUOTE="oval_man, post: 2718510, member: 22602"]I like your positive attitude: we all tend to share it. We all like the potential of making a little profit from our hobby.</p><p><br /></p><p>But I posted my example as a sobering response to the very attitude you're expressing. These purchases were "done right": bought from reputable dealers at coins shows for, in most cases, 5 or 10% back of grey sheet bid. They are all very attractive coins. You really can't have a better "fighting chance" than that.</p><p><br /></p><p>I'd say the important factor in my example is that these low-end Morgans are not "collector coins." They are ubiquitous. I have no regrets in owning them and, selling them in a soft market, wasn't expecting to make a profit.</p><p><br /></p><p>A good book that discusses the threshold between common and collector coins is Scott Travers' The Coin Collector's Survival Manual.[/QUOTE]</p><p><br /></p>
[QUOTE="oval_man, post: 2718510, member: 22602"]I like your positive attitude: we all tend to share it. We all like the potential of making a little profit from our hobby. But I posted my example as a sobering response to the very attitude you're expressing. These purchases were "done right": bought from reputable dealers at coins shows for, in most cases, 5 or 10% back of grey sheet bid. They are all very attractive coins. You really can't have a better "fighting chance" than that. I'd say the important factor in my example is that these low-end Morgans are not "collector coins." They are ubiquitous. I have no regrets in owning them and, selling them in a soft market, wasn't expecting to make a profit. A good book that discusses the threshold between common and collector coins is Scott Travers' The Coin Collector's Survival Manual.[/QUOTE]
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