PURCHASING COINS.

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ace1153
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PURCHASING COINS.

#1 Unread post by ace1153 »

HI everyone, i hope all of you are great. I just have a question that might seem easy for some people but sometimes I don't understand. There is a collection of morgan and peace silver dollars. The add says it is a complete collection. It can be purchased for under 150$. I don't know being new to the collection world but this seems pretty cheap and i don't know why. what should i be looking for? I know im not seeing something. Any help would be appreciated. God knows i need as much help as i can get. Thankyou.

Triple C
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Re: PURCHASING COINS.

#2 Unread post by Triple C »

It sounds like a scam...A complete collection of real Morgans or Peace dollars would cost way more in the silver value alone. IMO, you should avoid it.

ace1153
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Re: PURCHASING COINS.

#3 Unread post by ace1153 »

Alright. I think i will avoid it. Being a newbie, i kinda thought it was to good to be true but i still thought i would double check. Thank you very much for getting back to me.

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Earle42
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Re: PURCHASING COINS.

#4 Unread post by Earle42 »

Most likely, if the seller would actually send you anything, it would be a collection of Chinese fakes. And those fakes generally are not easy to turn around and sell b/c experienced dealers/collectors/buyers, if they don;t recognize them right away, have tests they can apply.
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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Re: PURCHASING COINS.

#5 Unread post by Brian Hagler »

Ace,
I'm sure your like the rest of us, you don't have a tree that grows money. With that said, take time and invest researching a good dealer or hopefully you have a reputable Local Coin Shop (LCS). I don't have a good dealer so Im kinda forced to buy online or plain old talking to folks about coins they might have.

Another option is guys like Daniel. Honest and not out to gouge you; he'll tell you how it is and I like that. Plus he seems to like Morgan's like me.
“Love will demand suffering”

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Earle42
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Re: PURCHASING COINS.

#6 Unread post by Earle42 »

I agree. Very hard to find dealers like Daniel.

And if you buy slabbed coins online, make sure you can get a good picture of the coin and analyze it - buy the coin, not the slab.
Don't make the common mistake of blind trust in grading companies. It has cost people thousand$ of dollar$. Read/download the pdf in my link for proof.
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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Re: PURCHASING COINS.

#7 Unread post by Daniel »

It's a scam, I've done multiple videos warning people against these.


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Re: PURCHASING COINS.

#8 Unread post by jonmaxwell »

Oh this reminds me, so I was on overstock and they are selling a set of Morgan's for almost 2k, so me being the noob I am bought them, opened them up and looked at them nicely displayed in a nice wood box, they all had the exact same look to them so, I took out the Carson city stuck it on the scale and it weighed properly, then I checked the diameter well that was also right, but what gave it away was the thickness of the coin, it was way to think for an uncirculated coin, I am still waiting now almost a month for a refund

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Earle42
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Re: PURCHASING COINS.

#9 Unread post by Earle42 »

I hope you are able to get the refund.
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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Re: PURCHASING COINS.

#10 Unread post by DanB »

Deleted. Responded to a post that should be a new thread (different poster, different topic than OP).

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