Discussion in 'Bullion Investing' started by trdtaco, Nov 7, 2012.
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What would the ave Joe get walking in 7-10% back to sell and 12% over to buy
And this is why for the average Joe I say metal speculation is a game that is hard to beat the house on. Way too many people buy at too high of premiums, and sell at too stepp a discount.
It is a big problem for anyone purchasing a fraction of an ounce or a couple of ounces. Gold and platinum are definitely for the big boys (and girls).
That I do not know if they pay a premium. Maybe to a lcs, it has bullion value only.
Most are bullion value only. For most modern coins, the premium for proof versus BU is lost the day you buy it, for things like these and commemoratives.
I have found that selling gold fractional is generally easy as long as your not in a rush.. it will sit on craigslist a bit but someone will bite.. its if your in a rush to sell and walk into a pawn store, coin shop, or gold buyer you get the "shaft."
Glad to hear it.
One thing to remember, though, is dealers are NOT collectors. They are expected to make offers on everything that comes through the door, and also need to eat. I never begrudge them their offers, but make sure I compare them to others just to make sure its fair.
existing relationships, and therefore BETTER DEALS, from the LCS that values repeat customers. That's a factor to consider.
I'm glad you got a higher premium selling on CL though.
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