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<p>[QUOTE=&quot;-jeffB, post: 1142282, member: 27832&quot;]I see your point, but let&#039;s follow this through.</p><p><br /></p><p>The dealer buys a bunch of cull silver dollars when silver is $37.50, making their melt value $29. He gets them for $27, and tags them at $32. Let&#039;s call that a fair markup.</p><p><br /></p><p>Now, suppose silver goes up to $75, making the melt value $58. If he leaves them as tagged, people will buy them like hotcakes. If he marks them up to $60, a few people will complain -- but most will still buy, and be satisfied with the price.</p><p><br /></p><p>Now, suppose silver instead goes DOWN to $19.25, making the melt value $14.50. If he marks them down to $16, he takes a big loss, but people will buy them. If he leaves them at $32, that&#039;s still a fair markup -- but he&#039;ll sell NONE.</p><p><br /></p><p>His pricing simply has to track the commodity price. If he doesn&#039;t change his prices when silver rises, he&#039;s a great guy, very generous -- but when silver starts to fall, he won&#039;t be able to stay in business for long.[/QUOTE]</p><p><br /></p>

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