am just starting out and am making offer for 51 morgan coins . he was asking close to $1300.00 for them and I made offer of 855.98 which is spot price today. did I offer to much or if he accepts did I do good? thanks in advance :/
I don't think there's a chance in hell he will take that price, but hey ya never know till you ask. If you get it for that price (spot), then you could turn around and flip them for profit instantly
How did you go with the other Morgans you were after? http://forums.silverstackers.com/topic-49987-409-bu-morgan-dollors-neewbie.html
Spot is fine if you miss out there are more deals out there just keep looking I developed a way to rationalize silver purchase. Yes I want the best price But Money comes in (my income) and money goes out (life expenses) no matter what some of the money going out has to go towards silver in the end it evens out as your average investment purchase price also your managing to save a percent of your income from the bottomless pit of life's expenses.
Considering the huge price fluctuation, spot can be hardly seen as a reference to judge a purchase lol.
spot for morgans would be excellent IMO. Personally, (in Australia), id be happy paying spot + $2 an Oz for morgans, but in the US, I think spot + $1 Oz is good.
Good price for Morgans.. Not as liquid as 999 but at spot your laughing.. easy 10% profits straight off the bat. 1for1
thanks for all the input ! Funman u were right he told me about the same thing but I will keep trying. I will try a little over spot and just keep trying.
I think some of you old timers at stacking (regardless of age) forget what it is like to be a newbie. My first few OZs were at $29 spot, and I was tickled to death - almost. I bought more, at $27 spot - great days ahead! When it dropped below $25, I stopped taking pleasure rides on my bike, used that gas money for silver, at my local shop, with the high premiums. Still happy. When it got down to $22-$23, I started buying tubes of ASEs from the big boys. Below $22, and I had to have one of those 1k Kooks - cheaper by the OZ than most of my ASEs. I do not regret any of those purchases - not even close. And that Kook is impressive. Not just the size. Sorry gold bugs, I'd rather have it than a 1/2 OZ gold ASE. I'm talking value (as I see it) as well as beauty. Now that I've got some Pandas, Kooks, Horses, and a whole bunch of ASEs, I'll hold my fiat until Spot closes in on $20, or I tear five pages from my calendar, whatever comes first. Who knows, maybe I'll be selling at that point on the calendar. But that's just me, at my stage of stacking. These things are all relative, to many things. If I were still working on my first tube of ASE, I'd be buying. I'm not, so I'm not. JMHO - others will disagree. ~ ~ ~ I do have some nice stacks of junk 90%, which is cheaper at my one local shop compared to any of the big boy dealers. He takes a lot in, gives a fair price, then sells, no middle man.
I gotta put my 2 cents in.. ( what the heck, ain't much goin on here anyway ). I think the 1 ounce pamp suisse gold lunar horse bars are gorgeous. I love them better than a lot of gold coinage. When pamp puts out a piece, You know you're getting the crem da la crem. And yes, It is worth a nice premium for them. If some ugly gold coins can have an absorbant premium, Why can't a gorgeous bar like the pamp suisse have one?
