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 Replies: 13 / Views: 1,708 |
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Pillar of the Community
United States
586 Posts |
The only thing that would hold me back on this would be the fact that they DON'T SHOW ALL THE COINS!! If all the coins were in such nice condition as the ones shown then yes I would consider it a good buy. Going off of 5 or 6 nice pictures and spending 110k...nope not going to throw the dice. I better not see a post reading " My complete Morgan dollar set with Mint Marks is now complete yay!" haha http://www.ebay.com/itm/1895-P-MORG...em4190689a2c |
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Valued Member
Canada
160 Posts |
Edited by redcentcollector
03/22/2015 10:24 pm
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Pillar of the Community
Canada
4911 Posts |
Wasn't that the proof Morgan on pawn staged, I mean pawn stars?  Feel free to call me Will.
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Pillar of the Community
United States
7390 Posts |
Ha ha, now what he's saying is "hey buy my 95 morgan at $110,000 and I'll throw in every other morgan too" Funny but possibly smart as heck if this was his end game all along...
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Pillar of the Community
United States
3843 Posts |
The method that they are selling this is off-putting for me. The remainder of the collection must not add up to the $$$$$ needed to justify the purchase price so they have to mask that with all of the flowery language and promotion.
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Pillar of the Community
United States
7618 Posts |
Short answer?
No.... Not until you examine the quality of the other coins in the set.
To throw 110K$ in the wind like this is irresponsible investing.
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Valued Member
109 Posts |
There is probably a reason none of those other coins are in slabs. Pictures were very bad, but those key dates all had funky surfaces.
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Rest in Peace
United States
10625 Posts |
Exactly as westernsky posted. You need to make sure the rest of the set is worth about $50k and from the photos posted I'm skeptical.
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Bedrock of the Community
Australia
21786 Posts |
If I was the successful bidder,
I would buy it on the condition that
the whole collection could be examined in detail by an agreed independent recognised expert third party at the time of the viewing, to avoid a bait 'n switch, and to verify as described.
Potentially, there is a lot of money to be exchanged.
It would have been easier to put them up for public auction. One of the advantages of this is that potential buyers can examine them.
I don't like the promotional rhetoric; seems like a dealer may just be doing some indirect advertising on the cheap.
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Pillar of the Community
United States
7618 Posts |
This is almost as good as the guys selling the Bullion and Exchange Bank crimped dollar rolls and the Silver Dollar Ranch "hoard" mason jars with ***possible*** key date coins showing. Get those Buyer emotions flowing. Marketing 101.
If the other coins in this set were as nice as the 95 proof they would have already been slabbed. We all know that, don't we?
There is no tooth fairy or Santa Claus in the coin business! No need to blindly spend 110k$ to find that out.
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Pillar of the Community
United States
2815 Posts |
I think coins are a terrible investment. You'll have more fun putting a Morgan set together yourself IF you are a collector. This set is overpriced, IMO. I have seen complete sets on ebay, sans the 1895, sell for 12,000 to 15,000. Add ~50,000 to that for the 1895 and you have a complete set for much less. I can't imagine how long it would take to see any profit on this set if purchased as an investment. |
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Bedrock of the Community
United States
20753 Posts |
As a really, REALLY serious reply, NO, NO, NO.
Way to many of those could be counterfeit.
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Pillar of the Community
United States
1308 Posts |
I'm of the opinion coins are not a good long term investment. I believe the influx of Chinese counterfeits will eventually be the ruin of coin collecting, as we once knew it. I'm on the fence about unloading all my key coins "now", while the getting is good, for I don't see a bright future for coin collecting, along with the influx of fakes, not many newcomers into the hobby.
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Pillar of the Community
United States
3843 Posts |
Quote:
This is almost as good as the guys selling the Bullion and Exchange Bank crimped dollar rolls and the Silver Dollar Ranch "hoard" mason jars with ***possible*** key date coins showing. Get those Buyer emotions flowing. Marketing 101.  Definitely quite a few similarities to be found in these ebay seller's marketing techniques. However I find this auction to be not nearly as abhorrent as the other two examples cited above. The other two listings were trying harder to deceive by pulling a bait and switch while this one relies more on the bidder convincing themselves that the deal is worth it and getting greedy. Hopefully there is some logic in my rambling .... |
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Replies: 13 / Views: 1,708 |
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Posted 03/22/2015 10:27 pm
