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<p>[QUOTE="bhp3rd, post: 837455, member: 16510"]First welcome!!!</p><p> </p><p>Second that is a strange (to me) question,</p><p> </p><p><i>""How can I make a profit off silver whenever the people Im buying the silver from are trying to make a profit off me""? </i></p><p> </p><p>You most likely cannot make a profit on silver only starting out and no matter what you buy or sell each party tries to make a profit at each step of the way. I mean I expect anyone I'm buying something from to make a profit. It may just be the way you said that it was not thought out well.</p><p> </p><p>Silver Eagles alway carry a premieum even when ordered in monster boxes there is a charge of $1 to $2 over spot for them plus shipping. Dealers in recent times are in these deep to say the least. Even when we were buying and selling them for $135 a roll (and it was not that long ago) there is the same type markup over spot for each coin.</p><p>Today dealers must charge $20 to $22 retail for each coin and even then they are not making very much at all. If they make $2 per coin on a roll what is that, $20 dollars per roll. That's chump change compared to profit on most coins.</p><p> </p><p>You probably need to just learn and study a great deal first and after some time you may be able to "make that profit" you want. It is very competitive area of coin dealing though and the margins are very thin even in the best of times. I actually find it quite boring to work on such slim margins but each to thier own.</p><p>I've been in this quite awhile though and I don't "get" the silver or gold market. Most of it's reasons are still a mystery to me.</p><p> </p><p>Good luck!</p><p> </p><p> </p><p> </p><p> </p><p> </p><p><i> </i></p><p><i><br /></i></p><p><i><br /></i></p><p><i></i>[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 837455, member: 16510"]First welcome!!! Second that is a strange (to me) question, [I]""How can I make a profit off silver whenever the people Im buying the silver from are trying to make a profit off me""? [/I] You most likely cannot make a profit on silver only starting out and no matter what you buy or sell each party tries to make a profit at each step of the way. I mean I expect anyone I'm buying something from to make a profit. It may just be the way you said that it was not thought out well. Silver Eagles alway carry a premieum even when ordered in monster boxes there is a charge of $1 to $2 over spot for them plus shipping. Dealers in recent times are in these deep to say the least. Even when we were buying and selling them for $135 a roll (and it was not that long ago) there is the same type markup over spot for each coin. Today dealers must charge $20 to $22 retail for each coin and even then they are not making very much at all. If they make $2 per coin on a roll what is that, $20 dollars per roll. That's chump change compared to profit on most coins. You probably need to just learn and study a great deal first and after some time you may be able to "make that profit" you want. It is very competitive area of coin dealing though and the margins are very thin even in the best of times. I actually find it quite boring to work on such slim margins but each to thier own. I've been in this quite awhile though and I don't "get" the silver or gold market. Most of it's reasons are still a mystery to me. Good luck! [I] [/I][/QUOTE]
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Hey Im new to this whole silver thing..
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