Todays haul from the meltdown shop

They make a profit because they buy stuff for around 75-85% below spot. For example they would give you like $9 +/- if you took a Morgan dollar in there to sell. Some of these shops dont sell to the public, they sell to a wholesale buyer and the rest just goes to a refiner. The one i frequent actually does sell to the public and those are the ones where you can somwtimes get lucky..
Usually these type places have a sign up that reads: WE BUY GOLD. They are mostly located in major cities though

 

Log in or Sign up to hide this ad.

Right. That makes sense. But what does having unknowledgeable employees there have to do with that?

 

Maybe they value social skills, good attitude and customer service over someone who's knowledgeable about coins.
Idk why really, that is just what someone told me, they must not know too damn much, otherwise I wouldn't keep finding $80 & $100 coins for sale with a $20 price tag

 

Plausible deniability.

 

If you got it for 20$ just think of what they paid.
Nice Haul Heavy!
Love the rotation!