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<p>[QUOTE=&quot;Otter, post: 741382, member: 3464&quot;]10 or 11 dollars per ounce OR 10x face.&nbsp; Remember that $1 in 90% silver is not an ounce of silver..even the dollars sorta look like rounds <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>While I accept that (1) dealers want to make a profit, and (2) there is &#039;cost&#039; associated with converting 90% silver coins into 100% bullion, my recent experience has been that local dealers don&#039;t adjust their &quot;times face&quot; numbers up as fast as they adjust their spot prices up.&nbsp; Silver can move as much as a $1/oz and they were still paying the same 11x face where as their bullion price adjusted up.&nbsp; When you are dealing with the equivalent to 50 oz, it an extra $50 they keep and you don&#039;t get.</p><p><br /></p><p>I had one dealer try to pay me 11x face for war nickels when the actual ratio of silver to face was more like 17x.</p><p><br /></p><p>For that reason, I won&#039;t buy anything other than 100% silver bullion for silver investing purposes.[/QUOTE]</p><p><br /></p>

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