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Is This A Good Deal?

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Author Previous TopicReplies: 11 / Views: 1,319Next Topic  
Valued Member
rkrj's Avatar
United States
277 Posts
 Posted 03/02/2011  01:37 am Show Profile   Bookmark this topic Add rkrj to your friends list Get a Link to this Message Number of Subscribers
I have yet to make any large or expensive purchases for coins and I am coming here for advice before I make my first one. Anyways, I get a mixed rolled of Morgan dollars and Peace dollars and half a roll of 1964 dimes for 550. What do you think?
Valued Member
bryan1234's Avatar
United States
463 Posts
 Posted 03/02/2011  01:58 am  Show Profile   Bookmark this reply Add bryan1234 to your friends list Get a Link to this Reply
I would go for it

20 peace/morgans are around 26 each on melt right now and about 24 x face on the dimes
Valued Member
bryan1234's Avatar
United States
463 Posts
 Posted 03/02/2011  02:06 am  Show Profile   Bookmark this reply Add bryan1234 to your friends list Get a Link to this Reply
the roll of morgan/peace is 534.30 alone and a little over 50 for the half
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 03/02/2011  03:00 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Sounds like a fair deal unless the Morgans/Peace are worn slick or damaged and even then it's not bad as long they are all genuine.
ANA #R3154474
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chris12018's Avatar
United States
2130 Posts
 Posted 03/02/2011  06:18 am  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Bedrock of the Community
United States
20753 Posts
 Posted 03/02/2011  10:39 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I'm on the pessimistic side here. Just what do you collect? My way of thinking is if you do not presently collect Silver Dollars, you may be wasting your money. If those coins are damaged, worn smooth or even counterfeited, again you may well come out not on the good end. If all the dates are the same, then what good is that if your going to want to start a collection. Same with the roll of Dimes. Just what are you going to do with all the same dates?
I don't think your planning on melting them so what is the purpose of his purchase? If you want my suggestion, I say pass on this deal.
Pillar of the Community
United States
3184 Posts
 Posted 03/02/2011  12:08 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
good deal and if you don't like some of the coins you could resell some and make a small profit perhaps.
Valued Member
rkrj's Avatar
United States
277 Posts
 Posted 03/02/2011  12:22 pm  Show Profile   Bookmark this reply Add rkrj to your friends list Get a Link to this Reply
Carl - when I first started collecting I wasn't sure what I wanted. I thought quarters at first but they got boring fast. Then my mom got me a b-day present and got me my first morgan I really liked the look of the coin, but you can't just go buy a box of morgans and keep the ones you like and turn the rest in (well atleast I can't). So I still only have one morgan. My thinking was if this is a good deal I go look at the coins, and if I like them I buy them. I can resell the dimes, and if I like the Peace dollars I could start on a collection of those too. If not I resell the both the Peace dollars and dimes and instead of paying 30+ dollars per morgan I can cut that number in half by selling what I don't want and keeping the morgans.
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The_Duke's Avatar
United States
1745 Posts
 Posted 03/02/2011  2:08 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
Oftentimes I will buy something to resell it quickly. I use the proceeds to fund what I really want to collect. Sometimes good deals come around that you can't pass up.
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coincollector123's Avatar
United States
850 Posts
 Posted 03/02/2011  4:13 pm  Show Profile   Bookmark this reply Add coincollector123 to your friends list Get a Link to this Reply
.77oz per silver dollar *20= 15.4 oz silver
.06 oz per silver dime*25=1.5 oz
15.4+1.5=16.9 oz of silver
3/2/2011 silver price per oz is about 34 per oz
16.9*34=$574.60
This is a good investment as long as silver continues to climb. I would take it but with silver so high I dont know where it will go now.
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 03/02/2011  4:13 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
its not a great deal but its a decent deal
Valued Member
rkrj's Avatar
United States
277 Posts
 Posted 03/02/2011  5:24 pm  Show Profile   Bookmark this reply Add rkrj to your friends list Get a Link to this Reply
Well this could all be for nothing... I called the guy today and emailed him and have yet to get a response. Bummer for me
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