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<p>[QUOTE=&quot;-jeffB, post: 1370084, member: 27832&quot;]I&#039;m guessing you&#039;ll be really lucky to get 10% back of spot from them. The place near me says they&#039;ll sell 90% silver coins <i>at</i> spot; if they&#039;re making enough of a profit to stay in business, I&#039;ll bet they&#039;re paying 30% below spot, maybe less.</p><p><br /></p><p>You&#039;re right, sterling is defined as 92.5%. Coin silver is only 90%, but you can get more for it, because its composition is known. That other 7.5% in sterling can include all sorts of odd stuff, making it more expensive to refine.</p><p><br /></p><p>Just because the proprietor gets his percentages mixed up doesn&#039;t mean you&#039;ll get any sort of a break on price. They know what their buyers pay for sterling and for coin silver, and they&#039;ll pay you only enough to preserve their profit margin. I really doubt that they&#039;ll offer a coupon that causes them to run a loss.[/QUOTE]</p><p><br /></p>

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