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Bulk Slabbed Morgan Question

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Pillar of the Community
tpg22's Avatar
United States
919 Posts
 Posted 08/14/2013  09:08 am Show Profile   Bookmark this topic Add tpg22 to your friends list Get a Link to this Message Number of Subscribers
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.
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gotboostedvr6's Avatar
United States
261 Posts
 Posted 08/14/2013  09:18 am  Show Profile   Bookmark this reply Add gotboostedvr6 to your friends list Get a Link to this Reply
Ms65 slabbed coins on ebay sell for more then the quoted buy price above.
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