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Why are cull Morgan and Peace Dollars so expensive?
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<p>[QUOTE="afantiques, post: 2045457, member: 71234"]<i>Because people who buy these are stupid</i></p><p><br /></p><p>How is it stupid to have a piece of American history you can carry round in your pocket? Or something you can show your kids and make up all sorts of unlikely stories about Great Grandpa the train robber and his hoard? </p><p><br /></p><p>It can be hard to face, but there are loads of people with other priorities than coin collecting. Sheesh, I'm not American, and I have only spent a few months there altogether, but I like the silver dollar and its history and I can appreciate a fine MS example but for myself and a jillion other buyers, the magic is not in the silly numbers game but in the thing itself, and who knows if that well worn dollars has not been touched by some historical figure at sometime as part of that wear.</p><p><br /></p><p>Oh, and a five dollar profit on a coin does not lead a dealer to a life of luxury at the expense of mug punters. You need rather a lot of small profits just to cover the overhead and inventory costs to make available those choicer coins that you seem to think are the only ones worthwhile.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2045457, member: 71234"][I]Because people who buy these are stupid[/I] How is it stupid to have a piece of American history you can carry round in your pocket? Or something you can show your kids and make up all sorts of unlikely stories about Great Grandpa the train robber and his hoard? It can be hard to face, but there are loads of people with other priorities than coin collecting. Sheesh, I'm not American, and I have only spent a few months there altogether, but I like the silver dollar and its history and I can appreciate a fine MS example but for myself and a jillion other buyers, the magic is not in the silly numbers game but in the thing itself, and who knows if that well worn dollars has not been touched by some historical figure at sometime as part of that wear. Oh, and a five dollar profit on a coin does not lead a dealer to a life of luxury at the expense of mug punters. You need rather a lot of small profits just to cover the overhead and inventory costs to make available those choicer coins that you seem to think are the only ones worthwhile.[/QUOTE]
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