Buying Morgan silver dollars

[fortbball9]

I would like to know what a good price is to buy Morgans at.Do you think $12.00 each is a
good deal.What do you think?

fortbball9

 

[jim4silver]

If you can get decent Morgans at 12 bucks each, that is a steal. Make sure they are not fakes. There are some good fakes coming out of China from what I have read.

http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/Chinese-Fake-Morgan-Dollars.htm

I personally do not buy many because the coin dealers here want close to double silver value for decent Morgans. I have a roll or two stashed away of BU and AU coins that I bought when I first started buying silver, and I could not sell them for a gain now if I tried.

Good luck. Maybe BBCardsRI will chime in. He is a poster here who likes old US silver dollars. He can give you some good advice I would bet.

Jim

 

[fortbball9]

Well the lady wasn't right on $12.00.But I did manage to get two Morgans for $11.00 ea.
Not to bad I guess,however the was a little worn.

fortbball9

 

[cyberdan]

Chinese-Counterfeiting-Ring/Chinese-Fake-Morgan-Dollars

ditto on the fake dollars.
I have spotted several this year at swap meets.
The sharp feeling rim is a dead giveaway if you don't have mag glass with you.

 

[stefen]

Well the lady wasn't right on $12.00.But I did manage to get two Morgans for $11.00 ea.
Not to bad I guess,however the was a little worn.

fortbball9

Need to determine if your buying for the silver value or collectability...in otherwords you're not going to bet a collectable bargain at spot market value.

So if you buy a worn coin for $11, its eye appeal or condition doesn't matter.