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<p>[QUOTE=&quot;Conder101, post: 815770, member: 66&quot;]It depends on how fast you need to turn them to recover your money.&nbsp; Today the pace is much slower than it was back in late 79/early80.&nbsp; Today you can probably take a little time and sell them as investment bags IF you are known for doing that and have a steady clientele.&nbsp;&nbsp; During the big silver rush of 79/80 there were a LOT more sellers than buyers of &quot;investment bags&quot; and even a medium sized operation might be taking in 40 to 50 bags a day at 20 to 30 thousand dollars a bag.&nbsp; That is $800K a day just for the silver coin.&nbsp; That is $4.8 million a week.&nbsp; These guys didn&#039;t have that kind of money they could leave tied up while they wait for investment bag buyers to come in, they needed to turn that money <b>NOW</b> because they needed it to cover the checks they would write for more silver the next day.&nbsp; So every night they would ship what they bought that day off to the smelter who would wire the payment to their bank the next morning so they could do it again.</p><p><br /></p><p><br /></p><p>That is true they couldn&#039;t.&nbsp; And as the smelters got backlogged&nbsp; the discount they paid back of spot got larger and larger and the discount back of spot that dealers paid for the silver got larger as well.</p><p><br /></p><p><br /></p><p>Sure it was, becase any shop you went into before closing had bags of the stuff on hand that hadn&#039;t been shipped out yet.&nbsp; If you wanted one they just quoted you a price a little above what the smelter would pay them and you could walk out with your bag of 90%.&nbsp; Come in first thing in the morning they wouldn&#039;t have it.&nbsp; But they would less than an hour later.&nbsp; Silver coin isn&#039;t coming in anywhere near as fast today as it did back then, so it is harder to buy a bag of it from your local dealer.[/QUOTE]</p><p><br /></p>

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