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Message:: [QUOTE="Morgandude11, post: 2356500, member: 37839"]I think you have hit on it, and I have said it to many prospective new Morgan Collectors--even ones experienced in the series.  I am glad that you are getting to know the Morgan market, as it is a very exciting one.  However, there are so many options, variants, grade possibilities, and combinations of factors that it is fairly complex.  Just keep doing what you are doing---learn the series, as it is very different from the Gold coins, many of which are bullion, and valued as such.  I have had many years of Morgan collecting under my belt, and even now, I make mistakes.  Generally, there are good deals to be had, but I would avoid "stink bids" as much as possible--few dealers will ever sell for a lowball, and I honestly believe in a "fair deal" for both sides---remember how you would feel if you were the seller, when you are buying.  My rule of thumb is not to go any lower in offers than 15% below a fair market value, as it would piss the seller off, and kill any possible good will.  That is a good place for offers and counteroffers to take place.  In the past 5-6 years on auctions, eBay, Heritage, David Lawrence, other reputable dealers, I have never missed on an offer/counteroffer situation, as I make fair offers for both parties.[/QUOTE]