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<p>[QUOTE=&quot;-jeffB, post: 1073817, member: 27832&quot;]I&#039;m getting ready to go to a local coin show, my first since getting sucked back into the hobby.</p><p><br /></p><p>I&#039;ve been planning to convert some of my junk silver into higher-grade, higher-numismatic-value pieces.</p><p><br /></p><p>Is it welcome, or offensive, to offer a dealer payment in junk silver? If it&#039;s not a faux pas, what sort of conversion should I expect -- spot silver value (i.e. coinflation figures), slightly less, slightly more?</p><p><br /></p><p>If a dealer is buying junk silver at an advertised rate, I might expect them to offer me that rate as a conversion. (In effect, I&#039;d be selling them the junk, then instantly spending the proceeds on their other coins.) I&#039;d hope, though, that they&#039;d give me more favorable terms than that.</p><p><br /></p><p>If a dealer is in the habit of playing fast and loose with tax reporting, I might expect them to offer me a better rate -- trying to get away with it as quiet, unreported barter, or if they&#039;re more brazen, reporting it as a face-value transaction. (I&#039;m still undertaking this strictly as a hobby pursuit, so I&#039;m not thinking much about my own tax situation, although maybe I&#039;m getting into the realm where I should.)</p><p><br /></p><p>There are some better-than-junk items I wouldn&#039;t mind bartering as well, but I&#039;m nowhere near knowledgeable enough yet to hold my own against a dealer in negotiation, so I&#039;m going to try to keep things simple for now.</p><p><br /></p><p>Is this (buying coins with junk silver) something people do at shows? If so, what should I expect? If not, I&#039;d like to know that too, so I don&#039;t end up pointlessly hauling a bunch of heavy change.[/QUOTE]</p><p><br /></p>

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