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<p>[QUOTE=&quot;GDJMSP, post: 754092, member: 112&quot;]I guess you need to define things a little. What exactly is a fair shake or a decent price ?</p><p><br /></p><p>By define I mean what percentage of spot equals either of those 2 things ? For example, is 90% of spot a fair shake ?</p><p><br /></p><p>You say you&#039;ve had below par experiences with coin shops. OK, maybe you have. But then again maybe you haven&#039;t and you only think you have. We don&#039;t know and can&#039;t begin to know unless you quote specifics. </p><p><br /></p><p>Again, for example - if a dealer only offers you 75% of spot for generic or bullion gold coins - then yeah, I&#039;d agree with you that you are not getting a fair shake or decent price offer.</p><p><br /></p><p>But if he offers you 90%, or even 85%, then I would say that you are getting a fair shake. 90% is pretty much the rule of thumb and anywhere close to that (like 85%) is also considered to be acceptable, not the best but acceptable and fair. </p><p><br /></p><p>But let me ask you a different question. You say that a dealer is not giving you a fair shake when he offers you whatever for your gold. But what about when you buy it ? Buying is when you make your money, not selling. </p><p><br /></p><p>And put the shoe on the other foot. When you are selling your gold to another collector - you become the dealer. Are you giving that other collector a fair shake ? What&#039;s he supposed to pay you ?</p><p><br /></p><p>Reality is this - anybody other than a dealer who expects to be able to routinely buy gold at or below spot is living in a dream world. Anybody other than a dealer who expects to be able to sell gold for more than 10% under spot (as a general rule for there are exceptions but dang few of them) is living in that same dream world.[/QUOTE]</p><p><br /></p>

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