Infographic: Watch Out When Buying Morgan Dollar Silver Coins
from Gold Silver Worlds
Casual investors looking for a recommendation on what type of silver to buy will often hear the same answer from a typical coin dealer, that being, “well Morgan Dollars, of course.” But sadly, accumulating these historic U.S. silver coins often ends up being a big mistake.
Morgan Silver Dollars were minted at the turn of the 20th century. They contain 90% silver while the rest is copper. They are considered to be semi-numismatic coins. The issue is that they do not fall in the category of “rare” coins. Just like the common early 1900s gold coins frequently peddled to unsuspecting buyers by numismatic dealers, the spread between the buy and the sell prices on Morgan Silver Dollars is also awful, thanks to outrageous markups.
A number of tricks and deceptions are used to sell Morgan Silver Dollars.
As this infographic explains below, shady marketers use deception and misinformation to unload Morgan Silver Dollars at prices WAY above their actual melt value or their resale value. It’s extremely important that novice precious metals investors see this information BEFORE they get taken for a ride. Courtesy of MoneyMetals.com: