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Remember, buy 90% silver in asw not total weight
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<p>[QUOTE="myownprivy, post: 4148740, member: 84588"]Do you sell bullion in your shop?</p><p><br /></p><p>So you are one of those stubborn coin shops that buys at a set price (10x face. Meaning you pay $1 for a silver dime, etc.). It's amazing you're still in business! You are precisely the type of old time lcs that I refuse to do business with. And policies like "I only pay 10x face that rip off people trying to sell, you deserve to fail. </p><p><br /></p><p>Successful brick and mortar coin shops succeed by always buying and selling and by making their money on the margins. </p><p><br /></p><p>Treat 90% junk fairly. It contains .715 ounces of silver per $1 face. That doesn't mean you have pay spot for junk when you buy it. But at least calculate it properly, for god's sake! Buy junk at 5% under spot and sell it for 5% over spot, or a spread like that. But at least be fair. Don't be stubborn with a "I pay only 10x face. That's it."</p><p><br /></p><p>In Mr. Root's World, Silver is always $13.82 an ounce. Never more, never less when he buys.</p><p>LOL!!![/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 4148740, member: 84588"]Do you sell bullion in your shop? So you are one of those stubborn coin shops that buys at a set price (10x face. Meaning you pay $1 for a silver dime, etc.). It's amazing you're still in business! You are precisely the type of old time lcs that I refuse to do business with. And policies like "I only pay 10x face that rip off people trying to sell, you deserve to fail. Successful brick and mortar coin shops succeed by always buying and selling and by making their money on the margins. Treat 90% junk fairly. It contains .715 ounces of silver per $1 face. That doesn't mean you have pay spot for junk when you buy it. But at least calculate it properly, for god's sake! Buy junk at 5% under spot and sell it for 5% over spot, or a spread like that. But at least be fair. Don't be stubborn with a "I pay only 10x face. That's it." In Mr. Root's World, Silver is always $13.82 an ounce. Never more, never less when he buys. LOL!!![/QUOTE]
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