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Going to sell coins to my LCS, what should I expect?
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<p>[QUOTE="John Burgess, post: 4914365, member: 105098"]I'd check the online buyers and sellers like apmex and a couple other and see what they are buying it at, then see what the LCS is buying it at and do that from there.</p><p><br /></p><p>Any way you look at it they are gonna want some fat on the bone and tell you "well I got overhead and I have to send it out to a refiner that wants a good deal, and yada yada yada".</p><p>Just like the "we buy gold" people or the guy at the scrap metal yard. They all do it just like the pawn shops do it.</p><p><br /></p><p>Heck check ebay for sold listing of $5 or $10 face value lots even and figure out the ball park you should be in. I think 15.2 is a bit low. Around 16x is OK though given silvers declining again but it may go up again since today news of no more economic stimulus.</p><p><br /></p><p>Anyways the difference between 15.2x and 16x is $40 on $50 face value. I wouldn't walk away from $760 trying to hold out for $800 but it doesn't hurt to push for $780 either and meet in the middle.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 4914365, member: 105098"]I'd check the online buyers and sellers like apmex and a couple other and see what they are buying it at, then see what the LCS is buying it at and do that from there. Any way you look at it they are gonna want some fat on the bone and tell you "well I got overhead and I have to send it out to a refiner that wants a good deal, and yada yada yada". Just like the "we buy gold" people or the guy at the scrap metal yard. They all do it just like the pawn shops do it. Heck check ebay for sold listing of $5 or $10 face value lots even and figure out the ball park you should be in. I think 15.2 is a bit low. Around 16x is OK though given silvers declining again but it may go up again since today news of no more economic stimulus. Anyways the difference between 15.2x and 16x is $40 on $50 face value. I wouldn't walk away from $760 trying to hold out for $800 but it doesn't hurt to push for $780 either and meet in the middle.[/QUOTE]
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