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<p>[QUOTE=&quot;-jeffB, post: 2859105, member: 27832&quot;]When I&#039;m buying <i>anything</i> to resell, I want to make sure it&#039;s worth my time and trouble, and I also factor in risk (and opportunity).</p><p><br /></p><p>Time and trouble: I won&#039;t drive across town to buy something for $15 that I can sell for $20. $150 for $200? Maybe. $1500 for $2000? I&#039;m there. If I see a BIN lot on eBay, I&#039;ll take a smaller margin, because my &quot;time and trouble&quot; is much smaller. (Click a button, wait, open a package -- and opening packages is <i>fun</i>, not work.)</p><p><br /></p><p>Risk: if I&#039;m buying silver, I always assume that it may go down before I can sell it. It could also go up, of course, but I don&#039;t like that sort of gamble. I guard against that by waiting for the right discount, and by thinking about how soon I&#039;ll be able to sell. (I usually sell to a particular dealer at local shows, because he consistently offers more than other dealers. I don&#039;t sell enough at a time to justify shipping to Provident, even though they pay a bit more.)</p><p><br /></p><p>Opportunity: if there&#039;s a lot that looks like it may contain some more interesting material (better dates/conditions), I may pay melt or even above. I <i>do</i> like that sort of gamble, where I might lose a little money, but I might gain quite a bit.</p><p><br /></p><p>I see people advertising on local Craigslist to buy pretty close to melt (maybe 5-10% back of melt). I wouldn&#039;t go into the business myself buying at that price. Pawn shops offer 50%-60% of melt; I&#039;d be ethically uncomfortable <i>offering</i> a price that low, but if I find a BIN (or an overlooked auction) going at that price, I&#039;m happy to participate. So I guess my sweet spot would be maybe around 20% below melt?</p><p><br /></p><p>And as a result, of course, I don&#039;t get opportunities to buy very often. I&#039;m okay with that. It&#039;s the searching and finding, not the having or selling, that I enjoy most.[/QUOTE]</p><p><br /></p>

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