should you buy morgan silver dollars?
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Post on 17-Jun-2015
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DESCRIPTIONMoney Metals Exchange gives you information on Morgan Silver Dollars and updates you on news, counterfeits, and scams.
- 1. RARE COIN RIP-OFF ALERT. Should You Buy Morgan Silver Dollars?
2. MORGAN SILVER DOLLARS 3. MORGAN SILVER DOLLARS Minted in late 1800s, early 1900s 90% silver, rest is copper Semi-numismatic Not super rare 4. MORGAN SILVER DOLLARS Minted in late 1800s, early 1900s 90% silver, rest is copper Semi-numismatic Not super rare 5. SILVER CONTENT DECEPTION 6. SILVER CONTENT DECEPTION Slick marketing materials will tell you they contain a full ounce of silver 1 oz 7. SILVER CONTENT DECEPTION When in reality they only contain just over oz .7732 oz 8. SILVER CONTENT DECEPTION Typical Sales Pitch: 9. SILVER CONTENT DECEPTION "The price of silver is $30. If you call company XYZ today, you can buy Morgan Dollars for just $32 each." Typical Sales Pitch: 10. SILVER CONTENT DECEPTION Well 11. SILVER CONTENT DECEPTION And Selling Back 12. VALUE OF GRADED COINS 13. VALUE OF GRADED COINS 14. VALUE OF GRADED COINS Unless youre a savvy collector and know the market, it is hard not to get scammed Even if market price is accurate, there are still massive buy- sell spreads that can confiscate 30% or more of your return upfront 15. THE NON- REPORTABLE LIE 16. THE NON- REPORTABLE LIE Morgan Dollars afford greater privacy or even immunity from capital gains tax 17. THE NON- REPORTABLE LIE Morgan Dollars afford greater privacy or even immunity from capital gains tax 18. THE NON- REPORTABLE LIE The Truth: Virtually all bullion purchases and most sales by individuals dont have to be reported by dealers to the government Sellers of numismatic or semi-numismatic coins have the same obligation bullion sellers do to report gains VOLUNTARILY on tax returns 19. CHINESE COUNTERFEITERS 20. CHINESE COUNTERFEITERS Recently, Chinese counterfeiters have been producing such convincing Morgan Silver Dollars that they have found their way into the US marketplace 21. SO SHOULD YOU BUY MORGAN SILVER DOLLARS? 22. Unless you are a collector at heart with money to throw around or have an affinity for these coins for personal nostalgic reasons SHOULD YOU BUY? 23. Stick to bullion coins, rounds, and bars only at prices close to their actual melt value SHOULD YOU BUY?