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<p>[QUOTE="isaiah58, post: 1862982, member: 29459"]I agree with this approach. Most junk is going for 9% over melt it appears. But dealers pay at or below melt for them: that's about a $1.80 spread. With .9999 you pay about $1 over spot for common stuff, which is a 5% premium and you can sell it back for spot ($1 spread). And at those same dealers if something is $2 over (J&M) or $4 over (ASE) they also buy them back close enough to keep the ratio close to $1 (5%) on the premium. </p><p><br /></p><p>Until a few years ago, junk was selling for about 30 cents over melt per dollars worth so I had no problem buying halves for the most part. You would sell it back at 30 cents below, a 60 cent spread. </p><p><br /></p><p>I plan to hit some flea markets once the weather warms up, in non-rural areas, and see what I can find. I've come across older rounds/bars and junk coins in the past this way where the sellers are happy with something a little more than their LCS's are offering them, which in those areas is a lot less than rural dealers offer.[/QUOTE]</p><p><br /></p>
[QUOTE="isaiah58, post: 1862982, member: 29459"]I agree with this approach. Most junk is going for 9% over melt it appears. But dealers pay at or below melt for them: that's about a $1.80 spread. With .9999 you pay about $1 over spot for common stuff, which is a 5% premium and you can sell it back for spot ($1 spread). And at those same dealers if something is $2 over (J&M) or $4 over (ASE) they also buy them back close enough to keep the ratio close to $1 (5%) on the premium. Until a few years ago, junk was selling for about 30 cents over melt per dollars worth so I had no problem buying halves for the most part. You would sell it back at 30 cents below, a 60 cent spread. I plan to hit some flea markets once the weather warms up, in non-rural areas, and see what I can find. I've come across older rounds/bars and junk coins in the past this way where the sellers are happy with something a little more than their LCS's are offering them, which in those areas is a lot less than rural dealers offer.[/QUOTE]
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