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<p>[QUOTE=&quot;Onehawk33, post: 703508, member: 13978&quot;]Maybe this will help. Common silver (ie. dimes, quarters, or halves) contains basically 72.3% of an ounce of silver at $1.00 face value.&nbsp; If spot is $10.00 then 10 merc&#039;s or 4 washingtons or 2 franklins would be worth $7.23 in silver value.&nbsp; Then take $7.23 x .9 = $6.51, which is the .65 multiplier I utilize.&nbsp; Dealers are not selling common silver to the smelter for spot.&nbsp; They need to make a profit and less than 10% is extemely fair.&nbsp; Most businesses would not be viable at that margin.&nbsp; The &quot;closer&quot; you can get to the final destination the better the price you will recieve.&nbsp; Dealers sell bullion to each other just like coins.&nbsp; Smaller dealers will offer a lower price as they don&#039;t have the bullion volume to receive the best price from the melting pot.&nbsp; </p><p>&nbsp;</p><p>I enjoy buying and selling common silver.&nbsp; It&#039;s been a great way for me to add dollars to my coin budget.&nbsp; Try going to a flea market and waving 6-8 benjamins in front of someone who has a few coins, but may not be aware of the current spot price.&nbsp; Use a .55-.58 multiplier, then sell it to your dealer for a 10%-15% profit. Make that happen few times per year and you&#039;ve earned yourself a nice coin.[/QUOTE]</p><p><br /></p>

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