Running Ads To Buy Gold Or Silver Coinage

I know of several LCS in my area and they don't pay spot. I'd say if you are offering at least spot price you are in the game.

I had a friend back around 2011 that rented a small suite in a strip mall, he was undercutting all the local places by paying around 90% if I remember correctly and still making good money. He had to hold gold for 10 days and was filed with the local police in case anything had been reported stolen.

That or something stolen.

Keep in mind too that counterfeits are much harder to spot and more numerous now than a decade ago....

We buy gold at spot minus 10 percent. Silver at 17 times face.

90 percent silver is the safest bet. As there is very little counterfit out there. Morgans and Peace dollars are being conterfited more and more. Gold even more. YOu really need to have the proper equipment to test your gold. Whether using the machine or file and acid.

You will deal with people who KNOW you have money to buy gold and silver. So theft is always a possibility.

In Ohio we can not even buy if we suspect that the customer has stolen, or is under the influence.

Good luck, don't meet them at home, go to a nice safe location, like in front of the Police department and make sure no one follows you home. These are things dealers deal with all the time.

Depending on the weight:




This is close to what my LCS charges and pays.