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Where Do They Get All These Morgan and Peace Rolls?
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<p>[QUOTE="medoraman, post: 1622664, member: 26302"]Personally, I would spend more time at good coin shows and see what the dealers have. I have always had more luck, (especially for silver dollars for some reason), at coin shows and shops than auctions. </p><p><br /></p><p>It simply seems the general public spend WAY too much on silver dollars. An auction I used to attend in the 90's would regularly have people paying $15 a piece for common worn morgans, and I knew, (because I was physically standing there when he did it), that the auctioneer simply bought them for $6 a piece each week at my favorite coin store. The auctioneer had a standing order for about 10 cheap silver dollars, some misc junk silver, and a cleaned or slightly damaged small gold piece. Whatever he could get cheap from the coin dealer, the auctioneer would buy and double his money on, each and every week. </p><p><br /></p><p>I learned that lesson when I was twenty, that many times in this hobby its education about WHERE to buy that is as, or more, important than WHAT to buy. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1622664, member: 26302"]Personally, I would spend more time at good coin shows and see what the dealers have. I have always had more luck, (especially for silver dollars for some reason), at coin shows and shops than auctions. It simply seems the general public spend WAY too much on silver dollars. An auction I used to attend in the 90's would regularly have people paying $15 a piece for common worn morgans, and I knew, (because I was physically standing there when he did it), that the auctioneer simply bought them for $6 a piece each week at my favorite coin store. The auctioneer had a standing order for about 10 cheap silver dollars, some misc junk silver, and a cleaned or slightly damaged small gold piece. Whatever he could get cheap from the coin dealer, the auctioneer would buy and double his money on, each and every week. I learned that lesson when I was twenty, that many times in this hobby its education about WHERE to buy that is as, or more, important than WHAT to buy. :)[/QUOTE]
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