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<p>[QUOTE="Collector1966, post: 564289, member: 17919"]I was assuming that the melt price was taking into account the "ugly" factor, and that the dealer probably had less than the asking price invested in it, since it could have easily been bought when the Japanese yen was high and the dollar-based gold price was relatively low.</p><p><br /></p><p>Also, a few Japanese dealers will occasionally sell some American gold at melt if they can still make a profit on it. For example, I bought some $10 Indians at one show for little more than melt, and one of them ended up being slabbed as an MS-61. All the others were slabbed at slightly lower grades, but they were all genuine.[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 564289, member: 17919"]I was assuming that the melt price was taking into account the "ugly" factor, and that the dealer probably had less than the asking price invested in it, since it could have easily been bought when the Japanese yen was high and the dollar-based gold price was relatively low. Also, a few Japanese dealers will occasionally sell some American gold at melt if they can still make a profit on it. For example, I bought some $10 Indians at one show for little more than melt, and one of them ended up being slabbed as an MS-61. All the others were slabbed at slightly lower grades, but they were all genuine.[/QUOTE]
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