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What's the highest cost coin you'll buy raw?
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<p>[QUOTE="C G Memminger, post: 2556332, member: 71506"]For me, the answer depends on my end game. If for my own collection, I've paid up to $2000 for rarer Morgans (93-S, 89-CC, etc.).</p><p><br /></p><p>Above that, I need to sell the coin before I buy it. Have done so with a 79-CC GSA--would have graded at 62-3---(pre-sold for $5900, paid $5500), and a sharp 91-CC GSA (pre-sold it for $6000, bought at $4900). Buyer (a dealer buddy) of the 91 made a couple thousand dollar profit when NGC graded it at 64. Coin had outside shot at 65--which would have been an inside-the-park grand slam HR. But no...they got it right.</p><p><br /></p><p>and then there's the one that got away....16-D Merc, definitely UNC...in my eye 3-4...available at $6500. Never seen one close to that condition. examined it, loved it, wanted it. told seller i needed a couple hours to round up the cash....sigh..[/QUOTE]</p><p><br /></p>
[QUOTE="C G Memminger, post: 2556332, member: 71506"]For me, the answer depends on my end game. If for my own collection, I've paid up to $2000 for rarer Morgans (93-S, 89-CC, etc.). Above that, I need to sell the coin before I buy it. Have done so with a 79-CC GSA--would have graded at 62-3---(pre-sold for $5900, paid $5500), and a sharp 91-CC GSA (pre-sold it for $6000, bought at $4900). Buyer (a dealer buddy) of the 91 made a couple thousand dollar profit when NGC graded it at 64. Coin had outside shot at 65--which would have been an inside-the-park grand slam HR. But no...they got it right. and then there's the one that got away....16-D Merc, definitely UNC...in my eye 3-4...available at $6500. Never seen one close to that condition. examined it, loved it, wanted it. told seller i needed a couple hours to round up the cash....sigh..[/QUOTE]
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