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<p>[QUOTE=&quot;Aggiecollector, post: 960675, member: 19545&quot;]Thanks, that is a good explanation.&nbsp; And similarly coin shops use the same terminology correct?&nbsp; For example, the may have a bid price for 90% silver coins and an ask price.&nbsp; The bid would then be what they want to buy it from the customer for and the ask would be what they are selling it to customers at?&nbsp; The difference basically tells you what % profit they are shooting for and your room for haggling?&nbsp; I know this is super simplified but the idea works right?</p><p>&nbsp;</p><p>Erin[/QUOTE]</p><p><br /></p>

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