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<p>[QUOTE=&quot;imrich, post: 1350961, member: 22331&quot;]<b>&quot;No Junk&quot; Recent Silver Transaction</b></p><p><br /></p><p><br /></p><p><br /></p><p><b>On Friday 1/13/12, a buyer caught my craigslist 90% Silver offer ad before it was flagged by metropolitan dealers who object to &quot;subject&quot; indication of offering below melt value. A buy/sell ad is usually deleted within an hour if any competitive pricing information is included in the ad title (e.g. buy at 105% melt, sell at 95% melt), but the Title may remain on site longer, so I always include my phone number in the ad. Another factor that infuriates &quot;dealers&quot;.</b></p><p><b><br /></b></p><p><b>He wanted to buy that which I normally offer/sell, namely &quot;no junk&quot; 90% Silver mix of Mercury dimes to 90% Kennedy , denominations between included. He wanted the coins to have all culls removed, in G to AU condition. He lived 50 miles South of the largest metropolitan area in our state, and had tried all resources to locate that which I offered, at a premium above melt of 10%, without success. He wanted a quantity above the $95 Face that I&#039;d offered, so we agreed on a monday meeting, with the sale price at melt.</b></p><p><b><br /></b></p><p><b>He drove the 100 mile one way trip to where we met 50 miles North of the states&#039; largest populous. He was given 3 boxes each containing $50 face, all coins in $10 lot size 2&quot; x 6&quot; zipper closure plastic transparent pouches. The boxes were transferred one at a time after he counted appropriate funds, where we both could view the count, him seated within his vehicle, and myself standing without. He was allowed to inspect and count the product while I returned to my vehicle until receiving a &quot;thumbs-up&quot; acknowledgment to return with an additional box.</b></p><p><b><br /></b></p><p><b>Upon completing the transaction he signaled approval, and indicated he wanted to talk, where I approached his vehicle. He was elated, as he had tried without success, for some time, to find that which I was supplying. He said that dealers wanted to generally sell all their coins at premiums, dependent upon type/grade. They offered to purchase quality 90% Silver generic material at discounts to 35% below spot. He found that eBay competitively priced lots were generally low grade (e.g. Good average condition) with an average of 5-10% culls. He was looking to buy more of that which I supplied, and had several associates who were like-wise interested.</b></p><p><b><br /></b></p><p><b>He was ecstatic when I gave him a $100 bill for his travel/efforts.</b></p><p><b><br /></b></p><p><b>The synopsis of the tale is: That although this individual in a urban area with a population of several million had tried to acquire what the majority indicate being readily available, he received &quot;Junk&quot;at a premium. This is a possible explanation for the dealer title of &quot;Junk Silver&quot; when delivering, although not necessarily when acquiring. Availability of competitively priced material apparently is a regional phenomena, as this buyer was extremely satisfied acquiring &quot;No-Junk Silver&quot; at 20.85 times face. </b>:thumb:[/QUOTE]</p><p><br /></p>

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