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Posted 11/04/2017 8:37 pm
Quote:
I assume they are attracting more bidders/buyers when selling their junk...I don't see most junk silver sold by weight, but instead by face value. If this is the case it would not matter to them if it did weigh less. They probably end up with a higher priced sale with better looking coins.
I assume they are attracting more bidders/buyers when selling their junk...I don't see most junk silver sold by weight, but instead by face value. If this is the case it would not matter to them if it did weigh less. They probably end up with a higher priced sale with better looking coins.
The better looking ones might sell quicker, but most buyers buying "junk" silver just care about face and spot. Once you start getting into the premiums on top or a numismatic condition premiums you're really talking about something different than the junk silver market.
Most dealers won't take the time or effort to dip coins that they're going to sell as junk silver, they may pick the ones out that they know could have numismatic value but the rest wouldn't be worth their time.
