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To: cc2k
Try to sell silver ounces today to a dealer or coin shop. You'll find opening offers of $20/ounce or less for bullion pieces and $14 or $15 per dollar of face value for 90% coins. That's with silver at $30/ounce (which equates to $22-$24 per dollar of face value for coins). On the other hand, you're often lucky to buy at the "spot price" of $30/ounce. During rising prices, buying for "spot price" is about the best deal you'll usually find. During stable or falling prices, you'll often find you have to pay 10% or more over "spot price" for silver in small lots.

My local dealer bought some onzas from me last week for $29.25 -- less than a dime under spot. He said he would buy Englehards for $.50 under spot.

31 posted on 12/28/2010 3:47:10 PM PST by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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To: DeaconBenjamin

My local dealer... said he would buy Englehards for $.50 under spot.


tulving pays spot -$0.20, so your dealer is being pretty fair.
http://www.tulving.com/goldbull.html


35 posted on 12/28/2010 4:12:59 PM PST by Atlas Sneezed ("If you touch my junk, I'm gonna have you arrested.")
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