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Dealer "buy price" for junk silver coins?
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<p>[QUOTE="RGJohn777, post: 774187, member: 22102"]<b>Do they actually do this?</b></p><p><br /></p><p><br /></p><p> </p><p> I thought they simply bought and sold the coins as-is. They count and determine the face value but do they 'refine' them into pure silver? Kitco certainly doesn't refine silver, they state that they never do so. Why would you, given the costs? And then you have a product which is open to question. As coins, anybody can readily ascertain their worth by inspection. As a shiny bar of "I-dunno-what", now you're looking at assay costs.[/QUOTE]</p><p><br /></p>
[QUOTE="RGJohn777, post: 774187, member: 22102"][b]Do they actually do this?[/b] I thought they simply bought and sold the coins as-is. They count and determine the face value but do they 'refine' them into pure silver? Kitco certainly doesn't refine silver, they state that they never do so. Why would you, given the costs? And then you have a product which is open to question. As coins, anybody can readily ascertain their worth by inspection. As a shiny bar of "I-dunno-what", now you're looking at assay costs.[/QUOTE]
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Dealer "buy price" for junk silver coins?
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