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<p>[QUOTE="SilverSurfer, post: 764972, member: 21603"]Yes, to a friend of mine. He bought from NWT mint, Pan american silver corp.....I remember the pick ax on the bar. What he bought was silver bars. He bought them at .9999 purity. The price went up, he mailed them in. NWT mint assayed them and found their purity to be .98. They paid him according to .98 purity. While he still made money, I think this is a nasty way of hitting your customers profits. The bars were originally sold as .9999 purity, and this is what he paid for them. But, upon selling them back, to the same company that minted them, they tell him it is only .98 purity, and that's all they are paying.</p><p><br /></p><p>I told him to pursue this legally, but the monitary amount wasn't worth his efforts.</p><p><br /></p><p>This did happen about 7-8 years ago, so I don't know if they've changed their practices.</p><p><br /></p><p>To be fair, they did reimburse him on what he spent for the original costs. So, they lowered the costs as if he had purchased .98 purity. But, the price went up. So, they took some of his profits. If the price would have gone down....do you think they would have informed him of the .98 purity...since now this would lead to them losing money?[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 764972, member: 21603"]Yes, to a friend of mine. He bought from NWT mint, Pan american silver corp.....I remember the pick ax on the bar. What he bought was silver bars. He bought them at .9999 purity. The price went up, he mailed them in. NWT mint assayed them and found their purity to be .98. They paid him according to .98 purity. While he still made money, I think this is a nasty way of hitting your customers profits. The bars were originally sold as .9999 purity, and this is what he paid for them. But, upon selling them back, to the same company that minted them, they tell him it is only .98 purity, and that's all they are paying. I told him to pursue this legally, but the monitary amount wasn't worth his efforts. This did happen about 7-8 years ago, so I don't know if they've changed their practices. To be fair, they did reimburse him on what he spent for the original costs. So, they lowered the costs as if he had purchased .98 purity. But, the price went up. So, they took some of his profits. If the price would have gone down....do you think they would have informed him of the .98 purity...since now this would lead to them losing money?[/QUOTE]
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