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.90 vs .925 vs .999
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<p>[QUOTE="CoinGal07, post: 301756, member: 8843"]Ok, I'm confused. And yes, I realize the difference between buying a coin from a coin dealer vs selling and completely respect their right to make a profit as they have overhead, risk, inventory etc. This is not a 'bad coin dealer' thread.</p><p> </p><p>This is a question about something I've witnessed it a few different coin shops and all dealers seem to do the same thing so either *I* am not getting it the point of it or there seems to be a private agreement, universal handshake. So I'd appreciate some input and feedback.</p><p> </p><p>I've sat quietly and watched other customers come into sell coins that are sterling silver and there is always this big 'Oh, this is .925 sterling' and then the coins are purchased by 'grams' instead of troy ounces and in the end, the purchase is less than if it had been .90 silver - yet I would think it'd be comparitively more as there is .025 more silver. Not huge, but enough to make me wonder. </p><p> </p><p>I understand a lot of the big picture; I realize old worn 90% coins are melted, the 'big spot price' for silver is based on massive amounts not one or two coins for sell. But I don't get the point where .925 would bring less. </p><p> </p><p>So help me out, please. What am I missing or misunderstanding?</p><p> </p><p>Thanks everyone ~</p><p>CoinGal[/QUOTE]</p><p><br /></p>
[QUOTE="CoinGal07, post: 301756, member: 8843"]Ok, I'm confused. And yes, I realize the difference between buying a coin from a coin dealer vs selling and completely respect their right to make a profit as they have overhead, risk, inventory etc. This is not a 'bad coin dealer' thread. This is a question about something I've witnessed it a few different coin shops and all dealers seem to do the same thing so either *I* am not getting it the point of it or there seems to be a private agreement, universal handshake. So I'd appreciate some input and feedback. I've sat quietly and watched other customers come into sell coins that are sterling silver and there is always this big 'Oh, this is .925 sterling' and then the coins are purchased by 'grams' instead of troy ounces and in the end, the purchase is less than if it had been .90 silver - yet I would think it'd be comparitively more as there is .025 more silver. Not huge, but enough to make me wonder. I understand a lot of the big picture; I realize old worn 90% coins are melted, the 'big spot price' for silver is based on massive amounts not one or two coins for sell. But I don't get the point where .925 would bring less. So help me out, please. What am I missing or misunderstanding? Thanks everyone ~ CoinGal[/QUOTE]
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