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Gads are we gonna start melting coins again???
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<p>[QUOTE="juris klavins, post: 4287482, member: 76693"]Coin dealers pay about 66% of melt for sterling silver items and scrap 90% coins (worse than cull, i.e. bent, slick and damaged) - they turn around and sell to refiners for a bit more.</p><p>I find that 1-2% of every bulk bag of circulated 90% silver coins I purchase are worse than cull - I put those aside for later sale to my local coin shop.</p><p>Those uncollectable coins might sell for a bit more on eBay, but I will not sell mine there - unscrupulous sellers snatch up those otherwise useless coins and scatter them into bulk lots of 'junk silver' to boost their profits - (speaking of going to the pot, marijuana dealers have used the same trick forever - buy bulk sticks and seeds for a low price, then add them to their product to add weight, dilute purity and boost profits)<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="juris klavins, post: 4287482, member: 76693"]Coin dealers pay about 66% of melt for sterling silver items and scrap 90% coins (worse than cull, i.e. bent, slick and damaged) - they turn around and sell to refiners for a bit more. I find that 1-2% of every bulk bag of circulated 90% silver coins I purchase are worse than cull - I put those aside for later sale to my local coin shop. Those uncollectable coins might sell for a bit more on eBay, but I will not sell mine there - unscrupulous sellers snatch up those otherwise useless coins and scatter them into bulk lots of 'junk silver' to boost their profits - (speaking of going to the pot, marijuana dealers have used the same trick forever - buy bulk sticks and seeds for a low price, then add them to their product to add weight, dilute purity and boost profits):cigar:[/QUOTE]
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