What's your formula for buying Morgan and Peace Dollars vs Spot?

Discussion in 'Bullion Investing' started by FryDaddyJr, Oct 7, 2019.

  1. FryDaddyJr

    FryDaddyJr Junior Member

    Do you use the same formula as any other junk silver? To me they are overpriced, but when is the price right?
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    I don't think you'll be able to buy these at spot. I certainly can't in my area. If I can get them at $16 or less I count my blessings. They are too popular and even in junk condition they still command a premium.
  4. Mr Roots

    Mr Roots Underneath The Bridge

    If you don’t have a plug on them there’s really no point in stacking them for silver.

    I bought 100 and have no plan on buying more.
  5. rte

    rte Well-Known Member

    But my slot machine take more then $100 worth to get modivted to pay out.

    I've probably got plenty, BUT at $15ea it's hard to say no.
  6. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This is it. I have a couple places I can go to get average dollars in roll quantities at $16.00 to $18.00 each. Even slick culls will cost that. Dollars will always have a numismatic premium attached. I don’t have a formula. It’s entirely an emotional purchase for me. If I have the itch, then I scratch it.
  7. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    When you can pick them up in the 'Junk bin'........
    FryDaddyJr likes this.
  8. -jeffB

    -jeffB Greshams LEO Supporter

    I don't care whether they're overpriced, as long as they're still overpriced when I go to sell them. So far, they have been.

    The only spot-related "formula" I have is that if I see Morgan or Peace dollars at or below spot, I'll buy all I can -- because I'm 100% confident I can sell them for more than spot, without any special effort. It doesn't happen very often.
    Hookman likes this.
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's what I said. :)
    Hookman and Randy Abercrombie like this.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The best formula, buy low sell high :)
    Hookman likes this.
  11. Derek2200

    Derek2200 Active Member

    Morgan and Peace Dollars worth considerably more than spot.

    CDN Bid is a base I use for offers / bidding.
    FryDaddyJr likes this.
  12. FryDaddyJr

    FryDaddyJr Junior Member

    I don't sell :)
  13. TheFinn

    TheFinn Well-Known Member

    Buy when silver is at $17.50/oz., sell them at spot when it reaches $30. You made money.
    Two Dogs and Randy Abercrombie like this.
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Difficulty: it may not reach $30 during your lifetime, or it may reach $30 only after the dollar has lost more than half its present value.
    LA_Geezer likes this.
  15. slackaction1

    slackaction1 Supporter! Supporter

    would settle for 25.00 or so
  16. LA_Geezer

    LA_Geezer Well-Known Member

    I keep thinking back to the day when I heard on the news that a gallon of milk was price-fixed at $1.99.
    Randy Abercrombie likes this.
  17. ToppCatt

    ToppCatt ToppCatt

    I still buy it for $1.99.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Milk's a terrible example for price trends. It's subject to big dips and spikes, but lately it's been more dips. Great news for cereal lovers, as long as you aren't particularly bothered by dairy-farmer suicides. :(
  19. FryDaddyJr

    FryDaddyJr Junior Member

    people are catching on that it's terrible for your health
    myownprivy likes this.
  20. -jeffB

    -jeffB Greshams LEO Supporter

    Speak for yourself, normie. My mutant power is metabolizing lactose without any issues.

    (Yes, I know that's probably not what you're talking about. No, I still don't agree with you, but it's pretty thoroughly off-topic for this thread.)
    roygpa likes this.
  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Well you have to eventually right...LOL
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