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<p>[QUOTE="John King, post: 2415950, member: 78398"]That really depends on the dealers and the particular LCS's. The last show I went to I thought everything was going for retail prices and I did better with my local coin shop although he is a dealer as well. You do best if you are always willing to walk away. The bullion market is so volatile that you may have to sit on that silver or gold for many years to make a real profit. If you buy a silver coin for $25 and the price of silver goes to $30 the dealer might offer you 20-25 bucks for the same coin because he has to make a profit if this is his means of making a living. For silver to got from say $18 an ounce to $30 an ounce is a huge move. It has done this in the past but you may have to wait 25 years while it just bumps along between $7-20 an ounce. There have been just three real bullion bull markets in the last 100 years. All these bullion bull markets were result of economic calamity. Bullion is a form of insurance IMO. If you have 1 million dollars then maybe $50,000 should be in gold and silver. This is the investor point of view. If you collect coins just for fun you will be happier and you may still make a profit one day when you cash out. I am also dazzled by gold and silver coins, but I try to keep in mind that for all but rare coins the bullion price is important value of the coin gold in particular.[/QUOTE]</p><p><br /></p>
[QUOTE="John King, post: 2415950, member: 78398"]That really depends on the dealers and the particular LCS's. The last show I went to I thought everything was going for retail prices and I did better with my local coin shop although he is a dealer as well. You do best if you are always willing to walk away. The bullion market is so volatile that you may have to sit on that silver or gold for many years to make a real profit. If you buy a silver coin for $25 and the price of silver goes to $30 the dealer might offer you 20-25 bucks for the same coin because he has to make a profit if this is his means of making a living. For silver to got from say $18 an ounce to $30 an ounce is a huge move. It has done this in the past but you may have to wait 25 years while it just bumps along between $7-20 an ounce. There have been just three real bullion bull markets in the last 100 years. All these bullion bull markets were result of economic calamity. Bullion is a form of insurance IMO. If you have 1 million dollars then maybe $50,000 should be in gold and silver. This is the investor point of view. If you collect coins just for fun you will be happier and you may still make a profit one day when you cash out. I am also dazzled by gold and silver coins, but I try to keep in mind that for all but rare coins the bullion price is important value of the coin gold in particular.[/QUOTE]
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