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My silver bullion coins are marking up. Why?
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<p>[QUOTE="SilverSurfer, post: 1006965, member: 21603"]I've taken two ASE out of the tube and started banging the two coins together. Now that they are sufficiently "damaged", I took them to a dealer to see what I'd get for them. 98% of spot.....the dealer didn't even look at the coins surface. I take another coin out of my pocket in a protective sleeve that I've never touched before, just the rim. I ask, "what would I get for this"....98% of spot. I was like, "this coin is in mint condition, you didn't even look at the other coins' surfaces. Why would I give you this Mint state coin for the same price I gave you the other two that have been in my pocket for over a month banging on other coins? I was told I would have to talk to the owner to get a better deal, but mostly I'd just get 100% spot, which amounts to $.40 a coin. So, I say, "ok, I guess I'll go home and just treat my ASE any ol' way and bang the crap out of them, since you don't really seem to care how they look. It's not like I'd be losing anything by doing that." Of course this produced a frown, as I'm sure the dealer can sell a mint state coin much easier than a banged up on....and probably for a higher premium.</p><p><br /></p><p>I haven't asked this yet, but I'm going to soon....."if the spot price is for a 1000 ounce bar, and this is an individual coin it should be worth more, as it took work to produce it. Of course, a premium was attached to this coin when I bought it, why am I the one that has to eat that premium, can't it be passed onto the next buyer, especially if the coin has been kept in mint condition?"</p><p><br /></p><p>This is just one dealer...I'm testing this out on several dealers, as I feel I won't know the answer to this question until I test it out myself.</p><p><br /></p><p>As for the flips and the haziness.....the flips should be a brittle plastic. If the plastic is "soft" and flexible, then it more than likely contains some PVC, which will get on the coins. Non-PVC plastic sleeve is what you should be storing them in.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 1006965, member: 21603"]I've taken two ASE out of the tube and started banging the two coins together. Now that they are sufficiently "damaged", I took them to a dealer to see what I'd get for them. 98% of spot.....the dealer didn't even look at the coins surface. I take another coin out of my pocket in a protective sleeve that I've never touched before, just the rim. I ask, "what would I get for this"....98% of spot. I was like, "this coin is in mint condition, you didn't even look at the other coins' surfaces. Why would I give you this Mint state coin for the same price I gave you the other two that have been in my pocket for over a month banging on other coins? I was told I would have to talk to the owner to get a better deal, but mostly I'd just get 100% spot, which amounts to $.40 a coin. So, I say, "ok, I guess I'll go home and just treat my ASE any ol' way and bang the crap out of them, since you don't really seem to care how they look. It's not like I'd be losing anything by doing that." Of course this produced a frown, as I'm sure the dealer can sell a mint state coin much easier than a banged up on....and probably for a higher premium. I haven't asked this yet, but I'm going to soon....."if the spot price is for a 1000 ounce bar, and this is an individual coin it should be worth more, as it took work to produce it. Of course, a premium was attached to this coin when I bought it, why am I the one that has to eat that premium, can't it be passed onto the next buyer, especially if the coin has been kept in mint condition?" This is just one dealer...I'm testing this out on several dealers, as I feel I won't know the answer to this question until I test it out myself. As for the flips and the haziness.....the flips should be a brittle plastic. If the plastic is "soft" and flexible, then it more than likely contains some PVC, which will get on the coins. Non-PVC plastic sleeve is what you should be storing them in.[/QUOTE]
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My silver bullion coins are marking up. Why?
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