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<p>[QUOTE=&quot;gboulton, post: 1250759, member: 27043&quot;]Race makes an excellent point...the market will dictate, to a large degree, the risk a dealer is taking by holding coins.&nbsp; </p><p><br /></p><p>Other factors include his relationship with other buyers (smelters perhaps?&nbsp; customers desiring a certain metal or coin?&nbsp; etc) and the amount of bullion you&#039;re bringing in.&nbsp; He can accept a smaller spread on a larger amount of bullion, for example.</p><p><br /></p><p>Finally, the local area will have an impact as well.&nbsp; Are there 3-4 other B&amp;M shops nearby, or is this guy the only game for an hour in any direction?&nbsp; Is there an active community of collectors in the area who might be interested in a particular coin or metal, or is it dead?</p><p><br /></p><p>Expect also to take a bigger hit on silver, due to its volatility, than on gold.&nbsp; As Race said, he felt 92% was too low for an oz of gold, but most of us would kill to find 92% from a dealer on junk silver.</p><p><br /></p><p>And finally, as mentioned above, the form of the bullion matters.&nbsp; American Eagles sell better than some non-US bullion coins, and nearly all bullion coins sell better than US 90% junk silver.&nbsp; Private bars/rounds fall somewhere in between, depending on the area and assayer. Last but not least, things like 40% US Kennedy halves and 35% war nickels are at the bottom of the heap.</p><p><br /></p><p>=============</p><p><br /></p><p>As a general rule, I&#039;d probably walk from any dealer/table/offer that wasn&#039;t at LEAST 90% of spot, unless there was an AWFULLY compelling reason for it to be so low.&nbsp; For bullion coins that carry a bit of a premium, like Eagles, Maples, Krugerrands, like Race above, I&#039;d be thinking more in the 95%-ish range.[/QUOTE]</p><p><br /></p>

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