Should You Buy Morgan Silver Dollars?
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Transcript of Should You Buy Morgan Silver Dollars?
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RARE COIN RIP-OFF ALERT.
Should You Buy Morgan Silver Dollars?
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MORGAN SILVER DOLLARS
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MORGAN SILVER DOLLARS • Minted in late 1800s, early 1900s
• 90% silver, rest is copper
• Semi-numismatic
• Not super rare
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MORGAN SILVER DOLLARS • Minted in late 1800s, early 1900s
• 90% silver, rest is copper
• Semi-numismatic
• Not super rare
![Page 5: Should You Buy Morgan Silver Dollars?](https://reader033.fdocuments.net/reader033/viewer/2022052412/5580a535d8b42aa0448b4c03/html5/thumbnails/5.jpg)
SILVER CONTENT DECEPTION
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SILVER CONTENT DECEPTION
Slick marketing materials will tell you
they contain a full ounce of silver
1 oz
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SILVER CONTENT DECEPTION
When in reality they only contain just
over ¾ oz
.7732 oz
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SILVER CONTENT DECEPTION
Typical Sales Pitch:
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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:
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SILVER CONTENT DECEPTION Well…
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SILVER CONTENT DECEPTION And Selling Back…
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VALUE OF GRADED COINS
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VALUE OF GRADED COINS
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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
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THE “NON-REPORTABLE” LIE
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THE “NON-REPORTABLE” LIE
Morgan Dollars afford greater privacy or even immunity from
capital gains tax
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THE “NON-REPORTABLE” LIE
Morgan Dollars afford greater privacy or even immunity from
capital gains tax
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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
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CHINESE COUNTERFEITERS
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CHINESE COUNTERFEITERS • Recently, Chinese counterfeiters
have been producing such
convincing Morgan Silver Dollars
that they have found their way into
the US marketplace
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SO… SHOULD YOU BUY MORGAN
SILVER DOLLARS?
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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?
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Stick to bullion coins, rounds, and bars only – at prices close
to their actual melt value
SHOULD YOU BUY?