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<p>[QUOTE="CamaroDMD, post: 1701074, member: 5233"]I honestly don't think his offer was unfair. You will not get full spot for coins when you are selling to a dealer. He offered you $1375 for a coin with $1410 worth of gold in it which is 97.5% of spot (2.5% under spot). Sure, you don't see them selling without a premium...but that's retail. He would probably ask 2.5% over spot or so for it. That would put it in the $1450ish range. That really isn't bad.</p><p><br /></p><p>As for the walkers...they contain about $8.50 in silver and for later date low grade coins (assuming they were common late date coins), even in fine they don't command much above spot if any. He did offer 70% of spot which does seem a little low, I would have expected around $7.50 each for them. That being said, silver has been on a downward trend...perhaps this dealer is trying to minimize his risk by offering a little low on silver right now.</p><p><br /></p><p>So, their prices weren't that bad IMHO. But, bottom line is...he made you an offer (and he as the right to offer any amount) and you have the right to accept his offer or not. You felt that it wasn't what you wanted and chose to not take it.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1701074, member: 5233"]I honestly don't think his offer was unfair. You will not get full spot for coins when you are selling to a dealer. He offered you $1375 for a coin with $1410 worth of gold in it which is 97.5% of spot (2.5% under spot). Sure, you don't see them selling without a premium...but that's retail. He would probably ask 2.5% over spot or so for it. That would put it in the $1450ish range. That really isn't bad. As for the walkers...they contain about $8.50 in silver and for later date low grade coins (assuming they were common late date coins), even in fine they don't command much above spot if any. He did offer 70% of spot which does seem a little low, I would have expected around $7.50 each for them. That being said, silver has been on a downward trend...perhaps this dealer is trying to minimize his risk by offering a little low on silver right now. So, their prices weren't that bad IMHO. But, bottom line is...he made you an offer (and he as the right to offer any amount) and you have the right to accept his offer or not. You felt that it wasn't what you wanted and chose to not take it.[/QUOTE]
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