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<p>[QUOTE=&quot;medoraman, post: 957585, member: 26302&quot;]Another aspect to &quot;refining fees&quot; to remember is that the silver value of coins is calculated from the day they are minted. Circulated coins by definition have less weight, therefor less silver. Part of what they calculate as refining fees is really a fudge number for the loss of weight for circulated coins as well. Weigh a well worn coin versus a MS coin and you will see the difference. Multiply the difference times hundreds or thousands and you can see the weight loss adds up quickly. There were even instances of &quot;shavers&quot; in US history, though less than in ancient times. But, if you worked at a bank or had access to large numbers of coins passing through your hands, rotating the edging over a sharp knife could net you an ounce or two of free silver in time. This is also circulated coin weight loss.</p><p><br /></p><p>However, the biggest difference like GDJMSP stated is dealers have to have buy/sell spreads to stay in business and provide the hobby with liquidity.[/QUOTE]</p><p><br /></p>

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