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<p>[QUOTE="SilverAndGoldEx, post: 764347, member: 22196"]We price the "junk" coins like we do because again, we aren't expecting the good ones. We get in some that are worn so thin that they have lost almost a third of their weight. Since they are 90% silver, we just consider them "scrap". Again, many of these coins a coin dealer would pay more, but we will take anything while they may not. Again, the shipping on these kills us. If someone sends one totally shot Morgan using our shipping label, it costs us $4.80 for shipping, a minimum of $2.00 for insurance, plus $6.79 for the dollar. That puts our cost at $13.59. I have even had someone send in a total of two dimes once. Now, of course, there are times when someone sends in a nice box full of them and we do just fine. That is why we post what we pay on our website. This way, people can shop around. If they can get a better price, with no gimmicks, they should go for it. When we talk to people on the phone, and they describe something they are considering sending us, like maybe a proof set for example, we always let them know if we think they can do better somewhere else and try to point them in the right direction. Then we know we just made a friend and when they or someone they know has "scrap" they want to sell, we know the will think of us.</p><p><br /></p><p>As far as gold American Eagles... we always pay on them as if they are .999 fine bullion even though they are not. We do make adjustments for some foreign coins though, like the Mexican Dos Pesos... we just take our bullion price and adjust it based on the gold content of those coins.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverAndGoldEx, post: 764347, member: 22196"]We price the "junk" coins like we do because again, we aren't expecting the good ones. We get in some that are worn so thin that they have lost almost a third of their weight. Since they are 90% silver, we just consider them "scrap". Again, many of these coins a coin dealer would pay more, but we will take anything while they may not. Again, the shipping on these kills us. If someone sends one totally shot Morgan using our shipping label, it costs us $4.80 for shipping, a minimum of $2.00 for insurance, plus $6.79 for the dollar. That puts our cost at $13.59. I have even had someone send in a total of two dimes once. Now, of course, there are times when someone sends in a nice box full of them and we do just fine. That is why we post what we pay on our website. This way, people can shop around. If they can get a better price, with no gimmicks, they should go for it. When we talk to people on the phone, and they describe something they are considering sending us, like maybe a proof set for example, we always let them know if we think they can do better somewhere else and try to point them in the right direction. Then we know we just made a friend and when they or someone they know has "scrap" they want to sell, we know the will think of us. As far as gold American Eagles... we always pay on them as if they are .999 fine bullion even though they are not. We do make adjustments for some foreign coins though, like the Mexican Dos Pesos... we just take our bullion price and adjust it based on the gold content of those coins.[/QUOTE]
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