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<p>[QUOTE=&quot;princeofwaldo, post: 1412784, member: 24091&quot;]Sorry to hear about your friend.&nbsp; </p><p><br /></p><p>The coin dealers here in Kansas City are far an away the most reputable buyers of scrap gold and the like, and have benefited handsomely from their honest reputations.&nbsp; To be sure, there are dozens of gold buying store fronts that have poped up over the past few years, all buying gold, but most pay a fraction of what the coin dealers pay and not suprisingly, most people around here know that.&nbsp;&nbsp; Thing is, the metals business has now become about 90% of their income at most coin dealers.&nbsp; They make almost nothing on collector coins, many of which sit in inventory for many months, even years without any turn-over.&nbsp; It&#039;s little wonder much of that stuff ends-up in the melting pot.&nbsp; No collector wants to buy it because most of it isn&#039;t gem material.&nbsp; 40% Ike dollar with a spot?&nbsp; It&#039;s a dead duck.&nbsp; Could be a 100 years before a collector turns-up interested in it, and meanwhile the volitility of the precious metals markets demands that dealers don&#039;t sit on inventory for long if they paid out a decent price on it begin with.&nbsp; In a lot of cases, it ends-up in a smelter half way across the counrty less than 48 hours after it is slid across the counter and bought at 80% of spot.&nbsp; To risk sitting on it much longer makes no sense whatever from their perspective.&nbsp; As for foreign, if it&#039;s Canadian silver, or crowns, then there is always some interest from dealers.&nbsp; But 0.500 fine British silver and other lower finess like circulated 0.720 silver is more of a burden than it&#039;s worth and some dealers won&#039;t even make an offer on it.[/QUOTE]</p><p><br /></p>

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