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<p>[QUOTE=&quot;SilverSurfer, post: 834615, member: 21603&quot;]Well, 1$ face, as we call it, doesn&#039;t have 1 ounce of silver in it. It has ~.71 ounces. 11X face is a good price if you are selling. Here&#039;s some math. </p><p>&nbsp;</p><p>$17 X .71 = $12.07. </p><p>&nbsp;</p><p>You say you got $11 on the dollar. If you check most coin magazines today, like CoinWorld, some of the best offers for buying silver are 10X face. Now before you run off to your friend of a friend of a relative and say he cheated you on a $1 per face....understand that he wouldn&#039;t be in business if he didn&#039;t make some sort of a margin of profit....even from a friend. </p><p>&nbsp;</p><p>All in all, you did fine. My take on buying silver is that you end up paying slightly more than spot price. So, if you went back to your friend and wanted to buy back what you sold, you&#039;d probably get a 13X face, &quot;for you&quot; price.[/QUOTE]</p><p><br /></p>

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