| Author |
 Replies: 13 / Views: 3,418 |
|
|
Pillar of the Community
United States
589 Posts |
I just completed a roll of ASE silver bullion coins. I can get worn Morgan's and ASE's for 18 each so my question is which would get me more money overall if I go and sell down the road? |
|
|
|
Bedrock of the Community
United States
10982 Posts |
No one can answer your question with certainty. Morgans are more insulated from the spot price of silver than are ASEs which are directly tied to it of course. My question is what does "worn" mean to you? If they're pre-1905, VG/Better and not damaged then $18 is a good price these days and I'd go that route.
|
|
New Member
9 Posts |
So you think the ASE would be a better buy than the 5oz puck cents? *** Edited by Staff to remove YELLING. All capital letters is the internet version of yelling. Please don't do it in titles or posts. *** |
|
Pillar of the Community
United States
7390 Posts |
Slackton, who's talking about pucks? Also, please don't use all caps. It's considered yelling and notalliwedhere  And to answer your question the pucks are currently more attractive financially than ASE's Edited by Cascade
01/11/2016 6:29 pm
|
|
New Member
9 Posts |
Your gonna tell not use caps but you mis-spell words notalliwedhere and slackton I knew this sixth grade was the best three years of my life...
*** Edited by Staff to remove YELLING. All capital letters is the internet version of yelling. Please don't do it in titles or posts. ***
*** Edited by Staff - Personal attacks are NEVER allowed here. At lest we think it is a personal attack. Not quite sure what you are trying to say. Who was in sixth grade for three years? Anyway, argue the topic NOT the person. We take this VERY seriously. Yes, the all-caps on VERY was appropriate this time. ***
|
|
Pillar of the Community
United States
7390 Posts |
That was obviously a typo that I didn't catch not a mispell. What kind of a response is that anyway?
|
|
Valued Member
United States
307 Posts |
Im amazed that every "worn" Morgan dollar was not melted down in 2011. Personally I'd go for the Morgans. |
|
New Member
9 Posts |
Well just forget it Cascade.... Moving forward....
*** Edited by Staff to remove YELLING. All capital letters is the internet version of yelling. Please don't do it in titles or posts. ***
|
|
Pillar of the Community
United States
4333 Posts |
Quote:Im amazed that every "worn" Morgan dollar was not melted down in 2011. So what happened in 2011? When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
711 Posts |
Sales is a people person skill.
If you want to sell the Morgans later, you will need that skill set. To sell the eagles, you won't. Bullion is an easier sale for sure.
From reading this thread, stick with the silver eagles.
Edited by BuckeyeCoinGuy
01/12/2016 08:06 am
|
|
Pillar of the Community
United States
1913 Posts |
Quote:I just completed a roll of ASE silver bullion coins. I can get worn Morgan's and ASE's for 18 each so my question is which would get me more money overall if I go and sell down the road? As far as speculating on precious metals goes, I personally think that the best option is the one that has the smallest spread between the price you pay and the spot price of the metal. This represents how much you're in the hole from the start. Usually, this is just plain bullion silver or gold. From time to time you can actually buy bullion at very little over spot. In fact, I was able to buy a roll of silver rounds at spot last year (delivered to me). I was also able to buy several gold bars at spot from the same large reputable dealers. I later turned around a sold a couple of those same bars at a coin show at spot. When buying ASE's or other bullion coins it's mostly bullion, but there is some numismatic value in them too. You can always sell them at spot, but often you can sell them at a little over spot too. In general, the spread between spot and the selling price is greater with these bullion coins than with regular bullion. I wouldn't pay more than $2 over spot for silver Maple Leafs & Britanias. I wouldn't pay more than $2.50 over spot for ASE's. If you can get junk silver US coins at or close to spot, they can also be a decent deal. |
|
Valued Member
292 Posts |
I'm not sure why or what skill you'd need to sell Morgan dollars.... But go with the Morgan's. Morgan's are easy to sell and won't destroy your investment when the price of silver falls (like now). |
|
Pillar of the Community
United States
711 Posts |
They aren't Morgan dollars, they are worn Morgan dollars retailing at $18 now. Without seeing the coins, I can only assume they are quite worn down. Probably all XF or lower for certain. To sell them, that takes no skill, agreed. To sell them profitably, disagree big time. Perhaps the Morgans won't go down much with silver, but you are still starting out in a hole greater than the silver eagles. Besides, that isn't an argument in favor of Morgan dollars, that is an argument in favor of holding Federal Reserve Notes as dry powder. I highly doubt the numismatic premium on worn Morgans appreciates much over its current spread over melt. So you start in a bigger hole and have less upside. So in worn Morgans, you probably won't lose as much money in a declining silver environment and you won't make as much in a rising silver environment. Eagles are more of a commodity than Morgans. Commodities are easier sales. You can make money on more specialty products, but it requires finding the right customer in the right place at the right moment and with money in his pocket. Buy eagles at $18 now, not Morgans at $18 unless you really don't need our advice and you can pick some nice coins at that price. |
|
Pillar of the Community
United States
1913 Posts |
+1 to what BuckeyeCoinGuy said above. Also, in regard to building a roll of ASE's, you'll likely not get much of a numismatic premium. When people buy rolls, they want coins in the rolls that have not been fondled. Look down the side of a post mint assembled roll (virgin) and you'll see black areas in the reeding. This indicates that the coins have been taken out and back in, probably multiple times. Probably the best ones are gone and the ones left will have more nicks, scratches and rub marks. On the other hand, a roll that has coins which have not been removed will be all white when viewed from the side. If you don't take the coins in and out you'll be able to tell the buyer that they're exactly as you received them when you originally bought them. You'll know what's in the roll even though you've never looked at them. When you go to sell, make them put the money on the table before they inspect the coins. They won't be disappointed in the contents, so you want to make sure they're obligated when their visual inspection confirms what you've told them. And of course don't ever buy a post mint assembled roll for the reasons stated above as you'll be killing most of the future numismatic potential. |
| |
Replies: 13 / Views: 3,418 |
|
Posted 01/11/2016 3:08 pm
