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<p>[QUOTE=&quot;-jeffB, post: 2924002, member: 27832&quot;]At a recent coin show, one dealer was selling silver at 13x face value, and buying at 10.5x, when &quot;melt&quot; was around 12.5x. That&#039;s $2.50 profit on every dollar face value of silver they flip.</p><p><br /></p><p>The pawn shop I frequent buys silver at around 2/3 of melt value, and puts it out at about 33% over melt. In other words, they mark it up exactly 100%.</p><p><br /></p><p>That&#039;s how dealers make money on precious metal coins. Buy low and sell high <i>today</i>, rather than buying high today and waiting for a day when you can sell higher.[/QUOTE]</p><p><br /></p>

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