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<p>[QUOTE="myownprivy, post: 3610221, member: 84588"]Canadian junk usually sells at spot because the buyback is a few points below spot. It's usually a similar spread to buying American junk. </p><p><br /></p><p>Buy American junk for a couple percent over. Sell for a couple percent under.</p><p>Buy Canadian junk at spot, sell for 5% under.</p><p><br /></p><p>It's usually the same spread for you as the buyer and them as the dealer. So don't think you are getting some wonderful deal.</p><p><br /></p><p>Canadian junk is great, in that the asw is a nice round number, .3 for halves, .6 for dollars, etc. whereas American junk is not a nice round number. But besides that, the drawbacks are there are fewer potential buyers of Canadian junk than American junk. However, I do like some of the designs. </p><p><br /></p><p>My own stack has mostly American but some Canadian. I agree, Canadian dollars are much better to buy than American dollars, because Peace and Morgans just have far too high of a numismatic/collectible value attached to them that you will never recoup when selling to a dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3610221, member: 84588"]Canadian junk usually sells at spot because the buyback is a few points below spot. It's usually a similar spread to buying American junk. Buy American junk for a couple percent over. Sell for a couple percent under. Buy Canadian junk at spot, sell for 5% under. It's usually the same spread for you as the buyer and them as the dealer. So don't think you are getting some wonderful deal. Canadian junk is great, in that the asw is a nice round number, .3 for halves, .6 for dollars, etc. whereas American junk is not a nice round number. But besides that, the drawbacks are there are fewer potential buyers of Canadian junk than American junk. However, I do like some of the designs. My own stack has mostly American but some Canadian. I agree, Canadian dollars are much better to buy than American dollars, because Peace and Morgans just have far too high of a numismatic/collectible value attached to them that you will never recoup when selling to a dealer.[/QUOTE]
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