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<p>[QUOTE="-jeffB, post: 3326084, member: 27832"]And larger businesses, especially ones with a minimum buyback of $1000 or more, can get by on a narrower spread. You'll rarely see a spread that narrow at a local shop, and pawnshops infamously pay half what they sell for (or sell at double what they buy for), regardless of where "melt price" falls within the spread.</p><p><br /></p><p>Having said that, I've sold a one-ounce AGE to a dealer at a local show at right around $1300, then watched him offer it to a buyer for $25 more. So <i>sometimes</i>, in some circumstances, you can find a narrower spread.</p><p><br /></p><p>And if the markets get hectic enough, you can do better -- I remember one show in 2011 or so where I bought a bunch of SLQs from a dealer at 25.5x, picked through them, and sold the rest to another dealer for 26x. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3326084, member: 27832"]And larger businesses, especially ones with a minimum buyback of $1000 or more, can get by on a narrower spread. You'll rarely see a spread that narrow at a local shop, and pawnshops infamously pay half what they sell for (or sell at double what they buy for), regardless of where "melt price" falls within the spread. Having said that, I've sold a one-ounce AGE to a dealer at a local show at right around $1300, then watched him offer it to a buyer for $25 more. So [I]sometimes[/I], in some circumstances, you can find a narrower spread. And if the markets get hectic enough, you can do better -- I remember one show in 2011 or so where I bought a bunch of SLQs from a dealer at 25.5x, picked through them, and sold the rest to another dealer for 26x. :)[/QUOTE]
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