SilverForBrains
Bronze Member
- Feb 1, 2012
- 2,444
- 733
- Primary Interest:
- All Treasure Hunting
Selling 40%ers and buying morgans
Maybe this is more of a question for the "coins" forum topic, but I know more people on here and appreciate everyone's input on my various wheelings and dealings.
I found an offer on Craigslist for a roll of morgans, $580. I offered $535. The guy came back with $560, I didn't respond, and just today he caved in to my $535 offer. It's hard for me to tie up another big chunk of cash in silver so I had a great thought; sell all my CRH 40%ers! The morgans would take up much less space, but here's my main thought. 40%ers ebb and flow with the silver value. If silver goes low enough, they won't be much over face. Morgans, however, never seem to go less than $30 bucks apiece regardless of the silver value. Lately I don't know where silver spot is headed, so this may be a good hedge against risk.
I am bringing a magnet as well as an example of a morgan to make sure I don't get fakes. Any other suggestions or things to look out for?
HH
SFB
Maybe this is more of a question for the "coins" forum topic, but I know more people on here and appreciate everyone's input on my various wheelings and dealings.
I found an offer on Craigslist for a roll of morgans, $580. I offered $535. The guy came back with $560, I didn't respond, and just today he caved in to my $535 offer. It's hard for me to tie up another big chunk of cash in silver so I had a great thought; sell all my CRH 40%ers! The morgans would take up much less space, but here's my main thought. 40%ers ebb and flow with the silver value. If silver goes low enough, they won't be much over face. Morgans, however, never seem to go less than $30 bucks apiece regardless of the silver value. Lately I don't know where silver spot is headed, so this may be a good hedge against risk.
I am bringing a magnet as well as an example of a morgan to make sure I don't get fakes. Any other suggestions or things to look out for?
HH
SFB
Amazon Forum Fav 👍
Last edited:
Upvote
0