Message:

<p>[QUOTE=&quot;clembo, post: 373396, member: 8033&quot;]Don&#039;t know what the owner gets from the refiner but it&#039;s worth enough to make a trip to the north side of Chicago from Indiana. Probably a 40 mile trip with high gas prices and the headache of traffic.</p><p><br /></p><p>As for buying the average rate is 10 times face value for junk silver. Bigger sellers can get 11 times.</p><p><br /></p><p>Refiners want at least 500 ounces of silver I believe. Not sure on gold but he buys a lot of jewelry too.</p><p><br /></p><p>What ISN&#039;T sold to refiners usually ends up in the hands of other dealers. I figure he probably gets 11 times face for what he bought at 10. These are always at least $500 face value bags.</p><p><br /></p><p>Gotta tell you this Cloudsweeper. It&#039;s a real eye opener being on the OTHER side of the counter at a successful coin shop. Big trades happening all the time.</p><p><br /></p><p>As for world coinage it&#039;s usually a win situation. As I stated, we don&#039;t have time to go through the stuff that walks in. ESPECIALLY world coinage. He doesn&#039;t specialize in it and the book to look it up in is HUGE as any world collector can attest.</p><p><br /></p><p>A lot of the World proof sets turn out to be minted at the Franklin mint. Some beautiful stuff actually and frequently .925 fine. These he just basically tosses out an offer and %95 of the time they take it.</p><p><br /></p><p>When time allows I look it up for silver content and value. This is when some beautiful proof coins end up in the melting bucket. Nothing like cracking out a PR69DCAM coin and tossing it into a bucket.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /></p><p><br /></p><p>Of course I could probably buy a lot of this stuff cheap but if I don&#039;t have a buyer it will just sit in my house. How&#039;s that for ironic?</p><p><br /></p><p>If silver spikes again I may actually crack open a bunch of 2003 Silver Proof Sets. I can get more at melt than I can selling the set and that&#039;s just plain sad.</p><p><br /></p><p>clembo[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in