I Am Losing Faith In Humanity

It's entirely plausible he was offered what he said.

Why fool around for another $2.40? How often have you seen people post that they hate seeing coins melted? Maybe that, not the $2.40, is his motive.

I get $1.17/gram, and that's for pure, so $1.05 for 90%.

For decades, trading coins by a multiple of face has worked fine for everyone, and only dealers selling to refiners needed to concern themselves with weight. Now that silver is more than gold was when I was a kid, this may eventually change.

Keep in mind, however, that most dealers and almost all consumers lack the ability to weigh, for example, ten kilos to 0.1g. Anyone can figure face value by counting and adding. Pricing by weight for stuff like 90-40-80-50-35% silver adds another chance to confuse and cheat sellers.

There is a guy here on CL paying melt for silver . The PROBLEM IS HE LIVES A HOUR AWAY.
The drive would cost 25$ in gas to sell silver to him

The guy by me has a ad on CL and claims to pay they highest prices of anyone around,I emailed him I had some quarters,dimes,halved. He offered 90% of spot

Then I said well I would like to get melt value. He told me if the coins were not damaged,dented and were atleast in verygood condition ,He would pay full melt for the coins undamaged and %90 melt for lightly damaged silver cleaned/dented coins,%80 for holed culled junk coins

I snapped a picture emailed it he said o.k full melt, he told me to meet him at his flea market booth on saturday.

Its more of him getting his hands on old coins to search then reselling them

I know becuase I have seen his ad on CL selling silver 10% above melt you pick the coins from his melt selection, or at melt if he picks the coins. He prob sells at melt the junker/cleaned not so great coins

So their might be some truth to him gettng a 260$ offer, But we dont know if the guy has to drive aways to get that , I dunno about you guys but gas here is 3.60 a gallon a far trip would eat into that 260 really fast

These silver dealers are getting ridiculous: pay 8-10 x face, but not take a cent less than melt (as though they can get full melt anywhere but CL).

In general CL (and its clones) are really starting to bring out some coin whackos. A local guy here wants "all 1964 and earlier US coins". So I'm thinking of dumping a bunch of 1964-D Jefferson nickels on him.

Exactly. Just sort of sales tactics. Sort of like a used car salesman telling you he hsa to check with the manager about your offer.
It's rather obvious the seller just wanted a certain amount for his coins and was using standard sales tactics.
Although he really should have made the offer from the imaginary deasler a lot less so you wouldn't think he's nuts.

Here's a classic example of stupid stuff people will do, that may shed some light.

A couple years ago, the corner gas station sold gas for 90.9¢ a gallon, limit ten gallons, for 90 minutes or 90 customers, which ever came first. To him, he loses $1 a gallon, or a maximum out of pocket of $900, which is like running a $900 ad.

Way over 90 cars were lined up around the block, blocking at least five people from getting their cars out to go to work, until finally, they printed up passes, gave them to 90 cars, and sent the rest home.

Between people coming in two hours early or standing in line, the average person prolly spent two hours of their day to save, at most, ten bucks on gas. Keep in mind, they prolly burned 2-3 gallons of gas inching their way to their turn at the pumps!

A donut place offered a free donut per customer. People stood in line for an hour to get something for nothing. A $1 donut? Please.

I even admit to standing in line for 75 minutes at Chipotle's, but at least the payoff was food and drink I would normally pay $10 for, and can't make at home.

Moral? People, including your seller, don't always act rationally.