Is This Happening To Anyone Else Or Am I In A Bad Location? - Page 2

To participate in the forum you must log in or register.

Author	Replies: 23 / Views: 2,493	Page: of 2

angel2004 Pillar of the Community United States 2168 Posts	Posted 12/23/2011 6:53 pm I really don't understand the concept of 'buying' PM without taking delivery. Do you make or or pay less for them even in a perfect world without delivery? I really can't ever see doing that. I guess Murphy's Law for my thought process anything that can go wrong will! Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 12/24/2011 02:40 am Quote: Guess that could but then it would kind of be saying it 2 different things They are two different things. Would you accept a receipt for 1000 ASE if you want 1000 ASE? Report this Post to the Staff
BuffaloBonehead Valued Member United States 333 Posts	Posted 12/24/2011 07:54 am Remember Ed, one man's theft is another man's rehypothecation. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 12/24/2011 8:52 pm Quote: Remember Ed, one man's theft is another man's rehypothecation. Yeah, I'm sure that the James Boys, the Daltons, and Bonnie and Clyde looked at it in just that way! Report this Post to the Staff
samboyellowsub Valued Member United States 113 Posts	Posted 12/26/2011 05:20 am Quote: They wanted $35+ for the junk morgans and $33+ for the silver eagles, so I walked out with a zero for a purchase. those are pawn shop prices, mate! Report this Post to the Staff
Lobby Pillar of the Community United States 548 Posts	Posted 12/26/2011 12:07 pm If a dealer doesn't have enough turnover in his ASE sales, he can find himself in a position like the one described by the O.P: all his inventory was purchased at a higher price and to make a living, he has to price accordingly. Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 12/26/2011 12:13 pm Yes I often wondered how the place I buy manages to keep track of it all but I guess he does. He seems to always have both sellers and buyers I assume that's how he does it. He sells for 3percent over spot for junk but buys for 5percent under so I guess the 8 percent spread keeps him afloat Report this Post to the Staff
BluesZone Pillar of the Community United States 524 Posts	Posted 12/26/2011 12:38 pm Most of my local spots are like you posted but one pawn shop buys for a little under spot and sells for $1 over on Peace and $2 over on Morgans and ASE so he gets my business. I guess I'm lucky it's there for me. NE Missouri is the area. Report this Post to the Staff
	Replies: 23 / Views: 2,493	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.23 seconds to rattle this change.