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What's does the average coin shop pay a walkin for silver
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<p>[QUOTE="ToughCOINS, post: 2389985, member: 20480"]The reason for the inconsistency in what shop's pay is dependent on many variables. I generally shy away from buying bullion for those reasons. Following are only some of the factors that go into determining how much to pay:</p><p><br /></p><ul> <li>How much is being offered to me?</li> <li>Is the spot price trending up or down at time of purchase?</li> <li>Do I have retail buyers ready to buy as soon as I own the coins?</li> <li>How much will the retail buyer(s) pay me?<br /> </li> <li>Am I in a good enough cash position to sit on the purchased coins, and gamble that the price will not decline unacceptably?<br /> </li> <li>Am I so cash-strapped that I must sell to a wholesaler?</li> <li>How much will the wholesaler pay me?</li> <li>How much will it cost me to deliver to the wholesaler?</li> </ul><p>The same dealer may be facing completely different circumstances on different days, so you cannot necessarily expect the same type of offer on all occasions. There are doubtless many more reasons I have not listed . . . Mike.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2389985, member: 20480"]The reason for the inconsistency in what shop's pay is dependent on many variables. I generally shy away from buying bullion for those reasons. Following are only some of the factors that go into determining how much to pay: [LIST] [*]How much is being offered to me? [*]Is the spot price trending up or down at time of purchase? [*]Do I have retail buyers ready to buy as soon as I own the coins? [*]How much will the retail buyer(s) pay me? [*]Am I in a good enough cash position to sit on the purchased coins, and gamble that the price will not decline unacceptably? [*]Am I so cash-strapped that I must sell to a wholesaler? [*]How much will the wholesaler pay me? [*]How much will it cost me to deliver to the wholesaler? [/LIST] The same dealer may be facing completely different circumstances on different days, so you cannot necessarily expect the same type of offer on all occasions. There are doubtless many more reasons I have not listed . . . Mike.[/QUOTE]
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