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<p>[QUOTE="camlov2, post: 1073836, member: 26479"]You should be able to cash in on the junk silver with at least a handful of different dealers, those dealers may or may not be the ones you want to buy from. In my experience (only sold silver at one show) you will get less then spot, I think I got 18.5x face value when silver was about 20x. It is possible to get a slightly higher rate if you are "trading" but probably very little. Many dealers didn't seem to want to deal with it and offered a much lower price around 17x, even with a trade they wouldn't have been up to the 18.5x I got.</p><p> </p><p>As far as tax reporting, (just my opinion) I would guess that the amount that gets reported from a show is 1/10 or less of all cash sales that actually happen. I could be wrong but I think I only remember getting one receipt from a dozen purchases at shows.[/QUOTE]</p><p><br /></p>
[QUOTE="camlov2, post: 1073836, member: 26479"]You should be able to cash in on the junk silver with at least a handful of different dealers, those dealers may or may not be the ones you want to buy from. In my experience (only sold silver at one show) you will get less then spot, I think I got 18.5x face value when silver was about 20x. It is possible to get a slightly higher rate if you are "trading" but probably very little. Many dealers didn't seem to want to deal with it and offered a much lower price around 17x, even with a trade they wouldn't have been up to the 18.5x I got. As far as tax reporting, (just my opinion) I would guess that the amount that gets reported from a show is 1/10 or less of all cash sales that actually happen. I could be wrong but I think I only remember getting one receipt from a dozen purchases at shows.[/QUOTE]
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