Greetings From Texas - Very Minor Collector Here With Small, Specific Goal

Buying raw coins online can be a risky venture (there is a lot that can be done with photography). Always check out the selller's feedback and sale records at a minimum. Sending coins to a TPG is expensive so only do so for solid coins worthy of the investment or to confirm they are genuine. If TPG coins are your objective, I would encourage you to purchase graded coins.

I appreciate all the advice, & NO, I'm not trying to make a mint. It's not like I'm counting my retirement on this small 85-coin hobby LOL.

I bought these coins usually at a good price. I'm getting them all graded (the ones that already weren't) with PCGS & CAC.

Even with grading, they will sell for more than I paid. If I make $25 on a coin & $200 on another coin, which I WILL because I did my research on the coins, that's fine with me.

I'm talking about something like a $6,500-$7,500 investment & about a $9,500-$10K return. Nothing huge.

I'm getting the best of the PCGS coins CAC-stickered, so that will raise the value.

I might just end up selling them all myself on ebay. Either way, I'm stubborn enough that I will make my money.

PCGS tells me the value of the coins when I add them to my Inventory on their site, so I know what they are worth now, & they probably won't go up much with a CAC sticker. But I have seen CAC stickers raise sales prices 10% or more.

So thanks for all the advice, appreciated!!

Unless you're really good at assessing and buying raw coins from photos, you might find that PCGS doesn't always agree with your (or the auction house's) assigned grade. As you probably know, even a one point difference in a mint state grade can make a huge difference in value. Then there's the risk that PCGS finds a borderline issue that results in a details grade, like overdipping or questionable color. Some higher value Morgans auctioned raw on HiBid might be there because they were cracked out of details holders. Making any kind of profit by buying at auction then selling a few years later is not easy, especially when you consider grading fees and selling fees. Hope it works for you, but there are a lot of pitfalls.

@lars1963 ... With all due respect ... you asked for advice & you are receiving advice from people with many decades of experience in this field....

...have you talked to any professional financial advisors about your plan? ... of the 5 that I personally know (2 are coin collectors), all would agree with what folks here are trying (emphasis on the work 'trying') to tell you, that coins are a very risky investment vehicle, with low odds for much, if any, profit ...

...are you asking whether or not your idea is sound? Or, are you just wanting experienced dealers/collectors to agree with you?...

...You are receiving plenty of answers on the former, & none of the latter ...

...I hope you grasp the significance here ...

@lars1963:

*** Your reply was moved to the appropriate forum for the proper attention. ***

And I added to your post count..

One additional item. HiBid is just an auction aggregation platform. The individual auctions are run by various sellers with their own policies, practices, and terms.

Including buyer's premiums between 10% - 25%, credit card fees, tax, and shipping. What seemed like a good deal can turn into a not very good one very quickly.

When I began collecting as a young teen 50 years ago, I always had it in the back of my mind that someday I might get rich from buying coins, holding them and then selling them for a profit.

Once, I was so confident that I spent good money buying a handful of coins from a dealer who said in their mailer, "These coins are guaranteed to go up in value!" About five years later, not only had they not gone up in value, a few had gone down. I needed money so I cut my losses and sold them to my local dealer.

I know you want to see some return on your investment. But another option is to keep them, invest in some handsome coin albums and display them for your friends and family. They might garner you a few extra dollars; on the other hand, 85 beautiful Morgans are a treasure for the eyes.