I Think I've Ben Had, Help Please

good note for all of us to remember always do your researcch b4 you buy..i hope you are able to get your money back

The seller states a 14 day return policy ,,If your not happy with them send them back .

as to the wording of the ad ,,I don't see where He called them solid silver ,He referred to them as bullion and as silver Ikes ? Which in essence they can be considered since they do contain silver and have a value above the normal CuNi clad Ikes .

As read on that auction:

quote:

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"...especially with our economy on the brink of a recession, Silver could go THROUGH THE ROOF!

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Yeah? Well, where has silver been already in the last few years--flat since nobody knew of a recession? Since "melt value" of coins is a hot topic of late, let's look at the trends of silver since '04, especially that red arrow (added by me).



Guess what also happened at the arrow? That's when the insiders and a few private investors realized the real estate bubble was in trouble and they started to divest. Anyone care to guess where their money went? Coincidence, maybe...I'll let you be the judge. It looks about the same for gold trends:



It all looks good if you bought today, and those trends continue for another year or two. Yet as a cautionary note, someday the trend lines for these two metals will be similar to those before the red arrow.

Sometimes we have to learn the hard way.

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You are bidding on (1) half roll (10 coins) of Silver Dollar. These are mixed (1) Morgan, (1) Peace and (8) silver Ike dollars (the specially minted silver ones, not the clads, mostly 1971-S). This silver dollar roll has HUGE potential for retail value, especially with our economy on the brink of a recession, Silver could go THROUGH THE ROOF
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The wording is a tad short here, but I see nothing wrong really. He means that they are not the copper nickel clad but the silver ones.... which are silver clad..

Lets see

Coin flation lists the 40% ikes at $5.4107 silver value each
Peace and Morgan weigh in at $13.2337.

So doing some math.

Eight 40% Ikes
$43.2856

Two 90% Silver Dollars
$26.4674

Grand total of
$69.753 for melt value.

Now these coins can be worth more for their collectible value, lets do some ballpark figures.

Silver Uncirculated Ikes usually go for around $8 dollars each, maybe a couple more dollars if it's really nice.

VG peace and Morgan dollars can go for plus or minus 18 dollars. Much more for nice grades

I would say you paid a tiny bit much.... but you were not "taken to the cleaners" thats reserved for really getting taken.

Worse case you have sliders for the 90%, even then the Ikes did not usually circulate or get beat up. they are probably still worth 8 each.

Best case yours are worth more, especially if the dealer missed a VAM Morgan dollar. Post some pictures...

Also where does it say special strike? I'm missing something here probably. If I were you I'd return them. Then I'd take the $100 and look for a nice uncirculated Morgan or Peace dollar at my local coin shop.JMO

Another lesson to be learned here - the first task of an ebay buyer is to research the Feedback of someone from whom they wish to purchase. The seller in this circumstance has 99.1% Positive Feedback. Not bad, right? Well, looked at more closely, he's averaging almost two Negatives and two Neutrals a month, ten in the last month alone. This seller is sliding downward. I wouldn't risk buying from him.