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<p>[QUOTE=&quot;-monolith-, post: 24770263, member: 150064&quot;]It&#039;s up to the seller to know what the reasonable value is for their stuff, rather it be bullion or coins. It also depends on the quantity your selling. For example it&#039;s a lot easier for the dealer to sell 1oz or 10oz quantities compared to 100oz or kilos. It also depends on what you purchased it for. Maybe he purchased it a while back and was happy with the current spot price. For example I sold a lot of ancient Greek silver coins to a dealer. They were, at best, in &quot;good&quot; condition. I only paid $10-12 for each one, he paid me $20 ea (double my investment), and then priced them at $100 ea. I went back to his shop a couple years later and most of them were still there, unsold. Why, because he overpriced them. So it works both ways.</p><p><br /></p><p>My thoughts on spot pricing, and the governments control over precious metals. Spot pricing is a myth; as a consumer I have never been able to buy precious metals at spot price. I have to buy from government authorized bullion companies or individuals on the open market. The government authorized bullion companies never sell at spot, your lucky to pay 10-15% above spot. On average precious metals only increase 3-5% a year so it will take 3-5 years to just break even (pretty lousy investment return). Like everybody, I want to purchase precious metals as close to spot as possible. In today&#039;s economy I found the cheapest option is to buy high grade certified American Eagles (gold or silver) as the bullion companies are selling ungraded copies for the same price as NGC graded MS 69.[/QUOTE]</p><p><br /></p>

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