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<p>[QUOTE="medoraman, post: 3394901, member: 26302"]That absolute is simply not how it works. Others here have attested to it. I would say Pandas almost always sell for over spot, but everything else "it depends".</p><p><br /></p><p>Besides pandas, I have bought everything else on your list between spot and $1 over. I simply do not ever pay over that. Yeah, I buy silver coins with animals on them for the kids for them, but for me I am hard at $1 over. I always buy from dealers or other collectors wishing to sell like on CT, but to me they are all similar and I am interested int he bullion. I have many dealers who will contact me and tell me when they have some walk in the door and their price. If less than $1 over I usually buy them, if at spot I always buy them. They know they can flip them quick, get their money back and a little profit, (since I am certain they paid less than spot), and retain a good customer. The only difference between all of them listed is I usually want a deeper discount or refuse the maple leaves since the milk spotting crud ticks me off and they look ugly either now or in the future. The last maple leaves I bought I objected and got them $1 back of spot, (and didn't even want them then, but bought them to be a good customer and as part of the group). </p><p><br /></p><p>What are the seller's alternatives? Sell on Ebay, put up with the 10% expense and hassle of nonpaying bidders, etc to collect $2-3 over spot? </p><p><br /></p><p>If a dealer near you pays OVER spot for common date examples of these coins, I would sell. How can he make money unless there are a bunch of dumb collectors locally willing to pay $4-6 over spot for a common issue? Dealers need to make money. They have to eat, rent is expensive, and they always have to worry about the cost of getting stuck with fakes. WHY pay more for stuff walking in the door, subject to fakes, when they can buy from a certified dealer for less? I sure the heck wouldn't. I would buy ASEs for close to spot, but $1 or less back on everything else at the MOST. Bars are even worst since they are more susceptible to faking since less controls the dealer can rely on to ensure its not a fake.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3394901, member: 26302"]That absolute is simply not how it works. Others here have attested to it. I would say Pandas almost always sell for over spot, but everything else "it depends". Besides pandas, I have bought everything else on your list between spot and $1 over. I simply do not ever pay over that. Yeah, I buy silver coins with animals on them for the kids for them, but for me I am hard at $1 over. I always buy from dealers or other collectors wishing to sell like on CT, but to me they are all similar and I am interested int he bullion. I have many dealers who will contact me and tell me when they have some walk in the door and their price. If less than $1 over I usually buy them, if at spot I always buy them. They know they can flip them quick, get their money back and a little profit, (since I am certain they paid less than spot), and retain a good customer. The only difference between all of them listed is I usually want a deeper discount or refuse the maple leaves since the milk spotting crud ticks me off and they look ugly either now or in the future. The last maple leaves I bought I objected and got them $1 back of spot, (and didn't even want them then, but bought them to be a good customer and as part of the group). What are the seller's alternatives? Sell on Ebay, put up with the 10% expense and hassle of nonpaying bidders, etc to collect $2-3 over spot? If a dealer near you pays OVER spot for common date examples of these coins, I would sell. How can he make money unless there are a bunch of dumb collectors locally willing to pay $4-6 over spot for a common issue? Dealers need to make money. They have to eat, rent is expensive, and they always have to worry about the cost of getting stuck with fakes. WHY pay more for stuff walking in the door, subject to fakes, when they can buy from a certified dealer for less? I sure the heck wouldn't. I would buy ASEs for close to spot, but $1 or less back on everything else at the MOST. Bars are even worst since they are more susceptible to faking since less controls the dealer can rely on to ensure its not a fake.[/QUOTE]
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So a guy walks into a coin shop (silver price quesion)
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