I'm looking to buy 20-30 slabbed Morgans. I just looked at one of the big dealers and found the following:
MS62 around $50 (their buy price is $43)
MS63 around $55 (their buy price is $48)
MS64 around $68 (their buy price is $58)
MS65 around $160 (their buy price is $125)
So if I buy 30 of the MS63's for $1650 I could sell them back for $1440 for a loss of $210 right away.
If I buy 30 MS65's for $4800 I could sell them back for $3750 for a loss of $1050 right away. For an alternate investment (fun money) I'm thinking the lower grade would be a better way to go. Am I missing something?
I bought a number of Peace slabs when silver was at $30 and they are still at the same price. The
ASE's I bought are not. I understand the lower grades are controlled by the price of silver but they seem to have a floor.