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<p>[QUOTE="pairunoyd, post: 1464750, member: 17595"]In the silver bullion market on the bay, I see a lot of sellers using confusion to inflate selling prices. They'll list 5 ounces of 90% silver coins. What this does to new buyers is make them think that the ounces is the same ounces that they see silver prices quoted in. So the buyers are really getting about 10% less weight - approx 4.5 troy ounces. On top of that, they're buying 90% silver coins and not 99.9%. That knocks off another 10%. </p><p><br /></p><p>Granted, the sellers aren't explicitly defrauding them, but its rather clear that the buyers of these auctions end up paying very inflated prices when compared to auctions that list the Actual Silver Weight of their 90% silver coins. Its considered a good idea among bullion buyers to pay no more than spot for 90% 'junk' (no numis value). Many of the auctions I mentioned above go for about 10-30% above spot. </p><p><br /></p><p>Anytime a seller complicates the actual silver weight with tactics such as these, theyre being a little less than ethical.[/QUOTE]</p><p><br /></p>
[QUOTE="pairunoyd, post: 1464750, member: 17595"]In the silver bullion market on the bay, I see a lot of sellers using confusion to inflate selling prices. They'll list 5 ounces of 90% silver coins. What this does to new buyers is make them think that the ounces is the same ounces that they see silver prices quoted in. So the buyers are really getting about 10% less weight - approx 4.5 troy ounces. On top of that, they're buying 90% silver coins and not 99.9%. That knocks off another 10%. Granted, the sellers aren't explicitly defrauding them, but its rather clear that the buyers of these auctions end up paying very inflated prices when compared to auctions that list the Actual Silver Weight of their 90% silver coins. Its considered a good idea among bullion buyers to pay no more than spot for 90% 'junk' (no numis value). Many of the auctions I mentioned above go for about 10-30% above spot. Anytime a seller complicates the actual silver weight with tactics such as these, theyre being a little less than ethical.[/QUOTE]
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