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<p>[QUOTE="Tom B, post: 1653875, member: 11854"]What you will see come into the door on a daily basis-</p><p><br /></p><p>1) Silver plated spoons and knives that have no bullion value, but you will spend many minutes with each customer convincing folks you cannot pay them for the pieces.</p><p><br /></p><p>2) Silverware with bullion value, but no real collector value. You will have to disassemble many pieces to determine what is silver and what is plated. Folks will balk at receiving only an offer based upon the silver value since it has been in the family for generations. You have no retail clients at all for this material and have to save it and then wholesale it in bulk for a few percent below current spot.</p><p><br /></p><p>3) Circulated war nickels and Wheat cents by the bagful that you pay almost nothing for and sell in bulk a few times a year to wholesalers.</p><p><br /></p><p>4) Worn silver coinage bought as junk silver and flipped to the next customer.</p><p><br /></p><p>5) The oddball AGE inherited from grandpa.</p><p><br /></p><p>6) Rings, rings, rings, rings, rings. Some stolen, some given as gifts, some from those recently divorced. You had better know if the stones are real, what type of stones they are and their quality or else they must all be treated as fake. You will also have to take apart and junk virtually all the rings to sell as bulk metal to a wholesaler.</p><p><br /></p><p>7) Earrings. They will have to be declined or bought only to scrap due to local ordinances regarding buying and selling used earrings.</p><p><br /></p><p>8) Metal detector and house renovation finds.</p><p><br /></p><p>9) Requests for bullion.</p><p><br /></p><p>10) Every other customer will want to pawn a cell phone, a digital camera or a laptop.</p><p><br /></p><p>11) Scrubbed clean type bought online. You will be the bad guy who tells them that their F12, scrubbed white and hairlined to death 1875-S twenty-cent piece <i>isn't </i> worth the $450 they paid to a company selling them on cable TV.</p><p><br /></p><p>12) State quarters and State quarter albums. You offer face value for AU coins and you earn a reputation as a crook.</p><p><br /></p><p>13) Counterfeit Morgans, Trade dollars and ASEs walked in on the chance that you will bite.</p><p><br /></p><p>Oh, yes, local law enforcement paperwork for all bullion-based transactions and this might take up a few hours a day based upon how much you buy or sell. Requirements that make you hold many bullion pieces for 30-or 60-days to make certain they are not stolen. It won't matter if you are armed to the teeth and that you never bring inventory home because folks do not know that or will refuse to believe it. You are a target. Your family is a target. Every customer who walks in is a potential threat to life and property.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1653875, member: 11854"]What you will see come into the door on a daily basis- 1) Silver plated spoons and knives that have no bullion value, but you will spend many minutes with each customer convincing folks you cannot pay them for the pieces. 2) Silverware with bullion value, but no real collector value. You will have to disassemble many pieces to determine what is silver and what is plated. Folks will balk at receiving only an offer based upon the silver value since it has been in the family for generations. You have no retail clients at all for this material and have to save it and then wholesale it in bulk for a few percent below current spot. 3) Circulated war nickels and Wheat cents by the bagful that you pay almost nothing for and sell in bulk a few times a year to wholesalers. 4) Worn silver coinage bought as junk silver and flipped to the next customer. 5) The oddball AGE inherited from grandpa. 6) Rings, rings, rings, rings, rings. Some stolen, some given as gifts, some from those recently divorced. You had better know if the stones are real, what type of stones they are and their quality or else they must all be treated as fake. You will also have to take apart and junk virtually all the rings to sell as bulk metal to a wholesaler. 7) Earrings. They will have to be declined or bought only to scrap due to local ordinances regarding buying and selling used earrings. 8) Metal detector and house renovation finds. 9) Requests for bullion. 10) Every other customer will want to pawn a cell phone, a digital camera or a laptop. 11) Scrubbed clean type bought online. You will be the bad guy who tells them that their F12, scrubbed white and hairlined to death 1875-S twenty-cent piece [i]isn't [/i] worth the $450 they paid to a company selling them on cable TV. 12) State quarters and State quarter albums. You offer face value for AU coins and you earn a reputation as a crook. 13) Counterfeit Morgans, Trade dollars and ASEs walked in on the chance that you will bite. Oh, yes, local law enforcement paperwork for all bullion-based transactions and this might take up a few hours a day based upon how much you buy or sell. Requirements that make you hold many bullion pieces for 30-or 60-days to make certain they are not stolen. It won't matter if you are armed to the teeth and that you never bring inventory home because folks do not know that or will refuse to believe it. You are a target. Your family is a target. Every customer who walks in is a potential threat to life and property.[/QUOTE]
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