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matthew25
Ole Miss Fan
Member since Jun 2012
3284 posts

re: Tips from MT Coin Collectors


Same can be said for stocks and mutuals funds.





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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
2781 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Where do you buy your bullion? What are the safest places? I've got some cash in hand and would like to pick up some. TIA



I buy a majority of my bullion from gold and silver market in citiplace (near the cove). I sometimes buy Morgan's from Louisiana gold and coin on Sherwood due to there underpriced Morgan's (qualify wise, not smelt wise). I also have a buddy who lives in South Carolina that deals in coins and precious metals who sells to me at or very near to spot but I pay PayPal and shipping fees. If you're interested in buying, shop around first before you buy. See who's selling what and for how much and compare that to others to see who will provide you with the best bang for your buck.






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Lsut81
USA Fan
Member since Jun 2005
61466 posts

re: Tips from MT Coin Collectors


quote:

drewnbrla


Thanks for the info

If not in BR, what are some things to look for in regards to purchasing? Is there some sort of authorized metals dealer seal or anything, so you know a company is legit? (I know, dumb question)

That APMEX.Com site that was recommended looks legit, but after you figure in the shipping charges, it seems like you would be paying a good bit over spot

I guess what I'm asking, is if you go local, how likely is it to find a legit dealer at a great price

Thanks for any insight!!!






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


Shipping is a downfall with APMEX. My dad and I place orders together and chop the 12.95 in half. If you know someone else who would be interested, that may be an option.





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chuckitdeep
LSU Fan
Member since Nov 2008
589 posts

re: Tips from MT Coin Collectors


I was checking in to this as well. APMEX and those companies kill you on the shipping. The coin shops around here seem to charge tax except on orders over $1000. If you didnt want to spend that much you might find someone who would split it with you to at least save on the tax and keep the cost over spot lower.





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ThatsAFactJack
Broussard
Member since Sep 2012
305 posts

re: Tips from MT Coin Collectors


I use Silver Towne most of the time for my orders. Just since November I have added a tad over 32 ounces to my stack. 20oz in silver rounds, and 16 morgan/peace dollars which is 12.3752 ounces.

Keep on stacking because our economy is tanking.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


Anyone know anything about currency in here? Not trying to hijack the thread but I did not think another thread was necessary.

Anyways, I made a visit to a coin shop today, first time, and was looking through his currency and he had a 1934 $1 Red Seal with "HAWAII" printed on it and a 1935 $5 Red Seal with "HAWAII" as well. Dates might be reversed. Apparently pretty rare, he quoted me $105 for both but I probably could have gotten him down a little bit. Anyone know the value, or where to find the value of those? I did some google searches but really did not find anything interesting.

Since I already made my silver/coin purchase this month I was not expecting to buy anything. Ended up walking out with a 1883 Morgan rated MS and a 1971 IKE dollar from the San Fran mint for $51. I feel good about cause the Morgan had a price tag of $50 which he sold me for $40 and he sold me the IKE at melt. Did I get hosed or did I do good?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76228 posts
 Online 

re: Tips from MT Coin Collectors


quote:

1883 Morgan rated MS
quote:

the Morgan had a price tag of $50 which he sold me for $40


I have an 1883 Morgan, New Orleans ("O") mint, in uncirculated condition that I bought on eBay last year for $43 + $2.00 shipping & handling.

I also have an 1884 O Morgan (uncirculated condition) that I bought on eBay for $46 + $2.50 S&H.

On the other hand, I bought an 1883 Morgan in VF condition for $34 + $0 S&H, so.....

I think, based on eBay auctions, that "O" minted coins are a little more collectible and therefore a little higher priced.

So I believe you did just fine on the Morgan. You definitely did not get hosed on it.

I don't know about the other coins you referenced.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


quote:

LSURussian


Well, thats good! I thought based on seeing some pricing from APMEX that I did not get hosed completely but I just was not sure.

Do you happen to collect currencies or are you solely coins?

Also, to the group, what coins/currencies that are in circulation now do you being worth anything? For example, the gold presidential dollars?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76228 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Do you happen to collect currencies or are you solely coins?

Mostly coins but because I have worked in 26 countries I have a pretty decent collection of contemporary currency bills from around the world.

One of the best ones I have is a one-hundred trillion dollar bill from Zimbabwe. I'm a hundred trillionaire!!






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


quote:

One of the best ones I have is a one-hundred trillion dollar bill from Zimbabwe. I'm a hundred trillionaire!!


Just checked ebay and I will be joining you soon for only $3.26!!!






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Lsut81
USA Fan
Member since Jun 2005
61466 posts

re: Tips from MT Coin Collectors


quote:

One of the best ones I have is a one-hundred trillion dollar bill from Zimbabwe. I'm a hundred trillionaire!!


I want in on that...

Can I join the club Or is my kind not allowed?






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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
2781 posts
 Online 

re: Tips from MT Coin Collectors


quote:

I think, based on eBay auctions, that "O" minted coins are a little more collectible and therefore a little higher priced.


New Orleans minted Morgan's can typically have a higher price tag due to the strikes on the Morgans weren't very good and very few came out of New Orleans with good strikes compared to those minted in San Francisco, Philadelphia, Denver and Carson city. But at the same time, New Orleans minted Morgan's cost less on average than those from other mints because of the high volume of Morgan's that were minted in New Orleans.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76228 posts
 Online 

re: Tips from MT Coin Collectors


Congratulations! Don't spend it all in one place!

I was fortunate to work as an adviser in the central banks in several former Soviet Union republics, including Russia (big shock, I know, considering my screen name ).

In five of those republics (Russia, Ukraine, Kazakhstan, Kyrgyzstan and Armenia) the central bank presented me with a gift of a commemorative .999 silver coin depicting their newly won independence. I am very proud to display those coins. I've had guests ask to buy one from me and the bid price was very nice! But so far I've held onto them.







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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


That's very cool! Just by your responses in this thread I would imagine I could spend a full day looking at your stuff and asking questions!





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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


FWIW, I checked the mint mark on the Morgan I bought today and there is not one, which answers.com tells me is from the Philadelphia mint.





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76228 posts
 Online 

re: Tips from MT Coin Collectors


quote:

New Orleans minted Morgan's can typically have a higher price tag due to the strikes on the Morgans weren't very good and very few came out of New Orleans with good strikes compared to those minted in San Francisco, Philadelphia, Denver and Carson city. But at the same time, New Orleans minted Morgan's cost less on average than those from other mints because of the high volume of Morgan's that were minted in New Orleans.
Interesting! Good to know. Thanks!

My oldest "O" dollar is an 1846, Seated Liberty (predecessor to the Morgan) silver dollar that is in VF condition. The "Liberty" on the shield is plainly visible along with all of the folds in Lady Liberty's robe similar to this one:



Any guess how much I paid for that coin on eBay? No cheating....don't look!

Hint: I really, really, REALLY wanted it!






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Tips from MT Coin Collectors


quote:

Any guess how much I paid for that coin on eBay? No cheating


Without looking, I will guess $450.

Going to cheat now.........

ETA: Hmmm, prices are everywhere... I will be patiently awaiting your answer....



This post was edited on 1/4 at 1:16 pm


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76228 posts
 Online 

re: Tips from MT Coin Collectors


You're a bit off but I'm going to wait and see if drew makes a guess.





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drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
2781 posts
 Online 

re: Tips from MT Coin Collectors


quote:

Any guess how much I paid for that coin on eBay? No cheating....don't look! Hint: I really, really, REALLY wanted it!


I'm gonna go out on a very long limb and say too much.

ETA: $475?



This post was edited on 1/4 at 2:28 pm


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