Cull Question - Coin Community Forum

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Author	Replies: 6 / Views: 2,817
Sparhawk Valued Member United States 80 Posts	Posted 09/28/2010 10:57 am I was looking at getting some silver through AMPEX and clicked on the "Clearance" tab. They are advertising Morgan silver dollars designated as "cull". From a numismatic point of view, they are worth nothing but the silver content...which I would imagine is pretty close to original except the wear they have incurred. They are going for 18.68 each. $3 under spot. These would be considered..junk Silver? Worth it? Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/28/2010 11:14 am They are not $3 under spot because a Morgan contains less than 1oz of silver. At the current spot price of $21.53, a Morgan contains $16.65 worth of silver. APMEX is charging $2 over spot for those culls which is a bit too much IMO. Very worn coins are in the cull category as well as damaged coins so they really are the "bottom of the barrel". Report this Post to the Staff
remmy1100 Valued Member United States 380 Posts	Posted 09/28/2010 11:17 am if you need to check the melt value of your coins... check out https://www. (124) This link is not allowed by the Staff .com for a calculator. Report this Post to the Staff
Sparhawk Valued Member United States 80 Posts	Posted 09/28/2010 6:34 pm Ah...I haven't researched Morgans and I didn't know they were less than an oz of silver...Thanks for the info. When something sounds too good to be true..it probably is... Report this Post to the Staff
cwb1877 Pillar of the Community United States 1659 Posts	Posted 09/28/2010 6:50 pm Morgans and Peace dollars contain .77344 oz. net weight of pure silver. This is just a tad over 3/4 of an ounce. To get the melt value of a Morgan/Peace dollar, simply multiply the current spot price by .77344 $21.53 X .77344 = $16.65 (rounded to the nearest cent). Report this Post to the Staff
rastatodd Valued Member United States 487 Posts	Posted 09/28/2010 9:17 pm To find the silver content of a coin try Numismaster.com. That website tells you contents for both U.S. and world coins. Isn't the shipping quite high at APMEX? Edited by rastatodd 09/28/2010 9:18 pm Report this Post to the Staff
TenSense Valued Member United States 364 Posts	Posted 09/29/2010 12:28 pm Yes it is; they really nail you on it. Report this Post to the Staff
	Replies: 6 / Views: 2,817

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