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Re: Morgan Mint Company

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Posted by JeffK on March 25, 2008 at 21:03:06:

In Reply to: Morgan Mint Company posted by Manny Moreno on March 25, 2008 at 05:35:35:

My take is that you should send them back. The gold is only a few molecules thick and even at today's prices doesn't add appreciably to their intrinsic value. There is very little secondary demand for these items and you will be more likely to see a loss than a profit if you try to resell them.

P.S. I think you mean Presidential dollars, not quarters. In any case you can get nice uncirculated ones from most banks for the retail price of (ta-da) $1 each.

: I just bought the gold plated 1999-2007 quarters and did the preorder for all the gold plated presidential quarters from this company. Was this a mistake and should I send it back or are they a good investment? Please advise me as I still am within my 30 day no risk money back guarantee.

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: My take is that you should send them back.  The gold is only a few molecules thick and even at today's prices doesn't add appreciably to their intrinsic value.  There is very little secondary demand for these items and you will be more likely to see a loss than a profit if you try to resell them.

: P.S. I think you mean Presidential dollars, not quarters.  In any case you can get nice uncirculated ones from most banks for the retail price of (ta-da) $1 each.

: : I just bought the gold plated 1999-2007 quarters and did the preorder for all the gold plated presidential quarters from this company.  Was this a mistake and should I send it back or are they a good investment?  Please advise me as I still am within my 30 day no risk money back guarantee.



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