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Is 3x face good for 40% halves?
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<p>[QUOTE="The Eidolon, post: 5610275, member: 102103"]i wonder if one of our coin dealers might be able to say what their margin is on 40% halves and the like. With silver at $25+ an ounce of 40% silver should be worth about $10 and a half dollar has 11.5 g of weight. Using <a href="http://coinapps.com/silver/half-dollar/40/calculator/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coinapps.com/silver/half-dollar/40/calculator/" rel="nofollow">one of those online calculators</a> I get about $3.75 melt value per coin. $1.50 each doesn't sound like much to me, but I'm not a dealer trying to make a living in this business. I guess trying to get a couple competing quotes would be safer.</p><p><br /></p><p>For comparison, I know my local dealer buys general wheat cents for 2 cents each each and sells them for 3. That's a 50% gross margin, but barely enough profit in an absolute sense to be worth bothering.[/QUOTE]</p><p><br /></p>
[QUOTE="The Eidolon, post: 5610275, member: 102103"]i wonder if one of our coin dealers might be able to say what their margin is on 40% halves and the like. With silver at $25+ an ounce of 40% silver should be worth about $10 and a half dollar has 11.5 g of weight. Using [URL='http://coinapps.com/silver/half-dollar/40/calculator/']one of those online calculators[/URL] I get about $3.75 melt value per coin. $1.50 each doesn't sound like much to me, but I'm not a dealer trying to make a living in this business. I guess trying to get a couple competing quotes would be safer. For comparison, I know my local dealer buys general wheat cents for 2 cents each each and sells them for 3. That's a 50% gross margin, but barely enough profit in an absolute sense to be worth bothering.[/QUOTE]
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