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<p>[QUOTE="C G Memminger, post: 2557973, member: 71506"]As for the Sunday craigslist activity, I see it as providing liquidity at a time when banks are closed. </p><p><br /></p><p>The 1968 Mexican commem deal made me a profit of $400 on an $1100 Sunday afternoon deal. Those coins are 72% silver, extremely common and not particularly popular. At the time (silver was around $30), my dealer buddy would pay 90% of melt for them. I feel zero guilt !</p><p><br /></p><p>The Mexican gold deal has another layer to it. Seller knew he was unloading his gold well under melt. The lost revenue from my deal was dwarfed by the profit he enjoyed on gun deal. I ran into this seller a few months after our deal. The $4500 I gave the seller bought him a beautiful gun case, 10 shotguns (including full set of Model 12 Winchesters), 6-7 deer rifles, pistols, an AR-15, some kind of night-scope, hunting gear and piles of ammo. No guilt !</p><p><br /></p><p>Another aspect to this is differential in knowledge bases. I've spent 40+ years accumulating know-how. Hard work and diligence desrves compensation. No guilt ![/QUOTE]</p><p><br /></p>
[QUOTE="C G Memminger, post: 2557973, member: 71506"]As for the Sunday craigslist activity, I see it as providing liquidity at a time when banks are closed. The 1968 Mexican commem deal made me a profit of $400 on an $1100 Sunday afternoon deal. Those coins are 72% silver, extremely common and not particularly popular. At the time (silver was around $30), my dealer buddy would pay 90% of melt for them. I feel zero guilt ! The Mexican gold deal has another layer to it. Seller knew he was unloading his gold well under melt. The lost revenue from my deal was dwarfed by the profit he enjoyed on gun deal. I ran into this seller a few months after our deal. The $4500 I gave the seller bought him a beautiful gun case, 10 shotguns (including full set of Model 12 Winchesters), 6-7 deer rifles, pistols, an AR-15, some kind of night-scope, hunting gear and piles of ammo. No guilt ! Another aspect to this is differential in knowledge bases. I've spent 40+ years accumulating know-how. Hard work and diligence desrves compensation. No guilt ![/QUOTE]
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