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

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

  1. rte

    rte Well-Known Member

    What is this Sell you speak of? :D
    I just picked up an assortment of 11.
    2 Morgan and 9 better date peace 1935/1926 dollars @$15ea shipped.
    I'll flip the 35's for $25+ and the 26's for $20+ at the next coin meeting.
    What doesn't sell gets shelved.
     
    Last edited: Oct 22, 2019
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  3. slackaction1

    slackaction1 Supporter! Supporter

    U thinking spot for the shelved ones then
     
  4. LA_Geezer

    LA_Geezer Well-Known Member

    News to me...must be regional. Milk prices are stable here in southern Louisiana with only Walmart selling a gallon of their own brand for about $1 less than the national chain stores.

    One supermarket chain that was formerly based in the northwest uses milk and eggs as loss leaders with little clip-out coupons here, but, the price of milk continues to rise in these parts where the premium brands are selling ~ $6.50, approaching $7 per gallon. That may be chicken feed in the far left mega cities or the northeast where incomes are significantly higher, but it's a bundle here.
     
  5. LA_Geezer

    LA_Geezer Well-Known Member

    Send me some.
     
  6. rte

    rte Well-Known Member

    More like what doesnt sell is cheaper silver to shelf.
    In the long way around the block....
    I cant say I've EVER made a profit on coins, but some I've gotten into for very little money.
     
    slackaction1 likes this.
  7. slackaction1

    slackaction1 Supporter! Supporter

    I have been buying more U.S. silver coins ( silver dollars, halves. quarters and dimes) now at spot than I did when it was 16.00 or so. Is this where Silver should be around mid 17 teens or is it too high?
     
  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That is such a subjective thing to try to figure out. This is an entirely unscientific observation..... As I have watched these charts, it seems we have these crazy spells where silver climbs, we get excited and then it slowly falls back to a reasonable level. Myself, yes I think we are still a bit inflated. Up till this last peak, my trigger point was $15.00 an ounce. Since this last rise, I think now my trigger point will be $16.00 an ounce. I think it will settle at around $16.00 in due course..... And that is nothing more than my gut feel. I am not buying right now.
     
  9. slackaction1

    slackaction1 Supporter! Supporter

    Thanks for your response Randy.. any unscientific observation on the gold below 1500
     
  10. Packrat

    Packrat Active Member

    Where you located? Can't get it that cheap in West Tennessee.
     
  11. ToppCatt

    ToppCatt ToppCatt

    Central NY - Fastrack gas stations with a member card.
     
  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    No sir. One uninformed comment a day for me is my limit.
     
    Two Dogs likes this.
  13. coin dog

    coin dog Active Member

    From time to time, I will look through the junk Peace and Morgan dollars at my LCS. I have found some pretty nice coins that may be worn, but have little damage. I will only buy the coins with good honest wear, that appear naturally toned. Rim dings, scratches and other defects are a deal breaker for me. I am OCD when it comes to coins. For about the last year or so, the price has been $17. for the Peace, and $19. for the Morgans.
     
    FryDaddyJr likes this.
  14. Derek2200

    Derek2200 Active Member

    Unless culls you can’t buy these close to spot.
     
    -jeffB likes this.
  15. myownprivy

    myownprivy Well-Known Member

    Yes, I do use the same formula, but that is why I have so few of them. They are hardly ever sold by the .715 per $1 face formula. I can't remember the last time I got a Peace or Morgan dollar at spot.
     
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