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<p>[QUOTE=&quot;Numismat, post: 1278190, member: 15019&quot;]My local dealer here in Brooklyn buys silver at $1 per ounce below current melt. He goes the very high volume and low profit margin route, but the high repeat customer rate means he always makes good money at the refinery.</p><p>I usually sell my junk and bullion silver to him and purchase any better foreign coins for around 75% market value (book value is useless for most foreign coins).</p><p><br /></p><p>In general, if buying a bulk lot that has collectible value a fair offer is no less than half of what you think you can sell it for. If buying just a few high end coins, consider around 75% as there is much less time/work and higher profit involved than with a bulk lot of cheaper stuff.</p><p>Bullion and legal tender are a different story. In this case it&#039;s basically buying money, so anything below 100% value is already a good deal and no real work is necessary.[/QUOTE]</p><p><br /></p>

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