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B&M Story Help me understand the rationale on price for 40% silver
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<p>[QUOTE="USS656, post: 3761789, member: 6641"]Helping this guy sell his collection and part of it is war nickels. He has 146 of them that I wasn't able to sell for melt based on coinflation pricing so I said bring them to the largest local B&M in Pittsburgh and take the hit on percentage. In an experiment I ran they offered 21% less than melt for the 90% silver. Figured he would get about $120ish for the lot with melt at mid $140s.</p><p><br /></p><p>I gave him a bottom to accept and said I would buy them if they didn't meet it. </p><p><br /></p><p>They offered him $0.40 cents a piece versus the $0.99 cents coinflation has them at. </p><p><br /></p><p>When he said he would pass on the deal the lady said "I don't know what someone told you but this is a fair price." Makes no sense to me, am I missing something? </p><p><br /></p><p>8.2 troy ounces of Silver - how could this be a fair price for the seller?[/QUOTE]</p><p><br /></p>
[QUOTE="USS656, post: 3761789, member: 6641"]Helping this guy sell his collection and part of it is war nickels. He has 146 of them that I wasn't able to sell for melt based on coinflation pricing so I said bring them to the largest local B&M in Pittsburgh and take the hit on percentage. In an experiment I ran they offered 21% less than melt for the 90% silver. Figured he would get about $120ish for the lot with melt at mid $140s. I gave him a bottom to accept and said I would buy them if they didn't meet it. They offered him $0.40 cents a piece versus the $0.99 cents coinflation has them at. When he said he would pass on the deal the lady said "I don't know what someone told you but this is a fair price." Makes no sense to me, am I missing something? 8.2 troy ounces of Silver - how could this be a fair price for the seller?[/QUOTE]
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B&M Story Help me understand the rationale on price for 40% silver
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