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How do coin shops figure spot price on silver?
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<p>[QUOTE="appliancejunk, post: 1534395, member: 36963"]I normally just buy a few ASE from the display case at the coin dealer I'm talking about. Never questioned his price until last time I was there.</p><p><br /></p><p>At that time the single ASE in the display case had a price of $33.00</p><p><br /></p><p>I bought a few and asked how much for a roll. They were $1 less each for a roll of them and for 100 oz another $1 less each. Don't recall what the spot price of silver was at that time, just the price difference between singles, a roll and 100 ounces. </p><p><br /></p><p>The dealer has been around for as long as I remember. He advertises that he has been in the business since 1970. I recall him being in the same mall since 1988 when I moved to South Dakota. </p><p><br /></p><p>He is the closest dealer to me and is still a couple hours drive one way. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="appliancejunk, post: 1534395, member: 36963"]I normally just buy a few ASE from the display case at the coin dealer I'm talking about. Never questioned his price until last time I was there. At that time the single ASE in the display case had a price of $33.00 I bought a few and asked how much for a roll. They were $1 less each for a roll of them and for 100 oz another $1 less each. Don't recall what the spot price of silver was at that time, just the price difference between singles, a roll and 100 ounces. The dealer has been around for as long as I remember. He advertises that he has been in the business since 1970. I recall him being in the same mall since 1988 when I moved to South Dakota. He is the closest dealer to me and is still a couple hours drive one way. :([/QUOTE]
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