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<p>[QUOTE=&quot;RGJohn777, post: 1011282, member: 22102&quot;]The manner of pricing that you refer too is quite common. Say I want to sell junk silver (1964 dimes, quarters, halves) and I have in aggregate, $10.00 face value (FV). To determine how much silver is in any given dollar amount of coins just multiply that amount by 0.715. </p><p>So $10 times 0.715 == 7.15 ounces of pure silver in $10 face value of coins. </p><p>&nbsp;&nbsp;&nbsp; And then, 7.15 times spot price of silver($23 today)&nbsp; == $164.45 (melt value of silver contained in the $10 worth of coins)</p><p>------</p><p>&nbsp;So for the dealer to make a modest profit you&#039;ll probably be asked to pay $175 or $180. Since you are the buyer, you have the option of accepting that price or looking elsewhere to do better.</p><p>---</p><p>&nbsp;Most dealers are honest but one may always request references or check them out with others here on the boards.[/QUOTE]</p><p><br /></p>

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