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What would a dealer pay for average circulated silver?
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<p>[QUOTE="wesdavidson, post: 597402, member: 18646"]8 to 10 x has been fair for a couple of years. sounds like you are a classic hobby collector. From the the Max Mehle era to the early 70's you could make silver collection from circulation at face value.. sounds like you lucked ito one of those collections. </p><p><br /></p><p> haven't seen any dollars out her this year for less than about $14.00. the reason that they seem to be more money in the books is that so many high grade came on the market in the 60's to 90's. the stuff like your friend has has been getting melted untll it is hard for a person to put together a face value collection. </p><p><br /></p><p> 10X would seem fair, or you can pay between blue book and red book. half a dozen of one , 6 of the other. </p><p><br /></p><p> Since '80 seems that the investors have convinced everyone to "dis" any collection that doen't make a dealer a lot of money. </p><p><br /></p><p> To be fair, the dealer has to make a living. 30% markup would be about minimum on low price stuff. He has to clear a few hundred a day to pay costs. It can come at a 1% markup on a great coin, 100% to 300% on common forein or US stuff, or 4000 % on buying rolls and cherrypicking. But it takes a lot of picking. </p><p><br /></p><p>My local dealers make about 2-5% on bullion. </p><p><br /></p><p>Pawn shops would pay 3-4x face and melt the coins.[/QUOTE]</p><p><br /></p>
[QUOTE="wesdavidson, post: 597402, member: 18646"]8 to 10 x has been fair for a couple of years. sounds like you are a classic hobby collector. From the the Max Mehle era to the early 70's you could make silver collection from circulation at face value.. sounds like you lucked ito one of those collections. haven't seen any dollars out her this year for less than about $14.00. the reason that they seem to be more money in the books is that so many high grade came on the market in the 60's to 90's. the stuff like your friend has has been getting melted untll it is hard for a person to put together a face value collection. 10X would seem fair, or you can pay between blue book and red book. half a dozen of one , 6 of the other. Since '80 seems that the investors have convinced everyone to "dis" any collection that doen't make a dealer a lot of money. To be fair, the dealer has to make a living. 30% markup would be about minimum on low price stuff. He has to clear a few hundred a day to pay costs. It can come at a 1% markup on a great coin, 100% to 300% on common forein or US stuff, or 4000 % on buying rolls and cherrypicking. But it takes a lot of picking. My local dealers make about 2-5% on bullion. Pawn shops would pay 3-4x face and melt the coins.[/QUOTE]
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What would a dealer pay for average circulated silver?
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