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Should You Buy Morgan Silver Dollars?
- 1. RARE COIN RIP-OFF ALERT. Should You Buy 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
- 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 ¾ 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:
- 11. SILVER CONTENT DECEPTION And Selling Back…
- 14. VALUE OF GRADED COINS • Unless you’re 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
- 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 don’t 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
- 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?