Tired Of Low Ball Offers - Page 2 - Coin Community Forum

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

Author	Replies: 20 / Views: 4,267	Page: of 2

trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 02/09/2011 4:53 pm Quote: Mid west refineries used to offer you the option of getting your gold back after refining and assay. I haven't looked on their website in over a year but up through late 2009 they still offered that option. Unfortunately, I asked them several times throughout '09 if they could do that & they always replied that didn't have anything in stock. I believe there are a couple other places individuals can have their karat gold refined & returned. The problem is it's returned as "casting shot" which leaves you in pretty much the same position you were in when it was karat gold. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 02/09/2011 7:27 pm Quote: I go to a coin dealer in my area that I know and and he's offering fairly close to spot, around face x 16.xx So for a Gold Dollar he will offer $16.00? doesn't seem all that great to me Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 06/04/2011 03:48 am Quote: Alot states/cities have rules on how long a shop must hold the scrap for in case it's reported as stolen. This creates three problems: How do you protect yourself against PM price drops? How do you store it securely? What happens when you normally buy $1000 a day, and suddenly you're being slammed with $20,000 a day? You run out of buying funds, that's what. Report this Post to the Staff
CoinHunter53562 Pillar of the Community United States 2049 Posts	Posted 06/04/2011 04:23 am Quote: This creates three problems: How do you protect yourself against PM price drops? How do you store it securely? What happens when you normally buy $1000 a day, and suddenly you're being slammed with $20,000 a day? You run out of buying funds, that's what. All valid points. In our area, I think the hold period was 15 days, so that wasn't too bad but all of the potential problems you listed are 100% accurate. We often had to dip into our own personal savings to fund bigger purchases and to keep cash available for operational expenses. In addition to that, if the scrap gold turns out to be stolen and the police recover it from your store during the hold period, you're out of luck with very little chance of recovering the cash paid to the seller. Report this Post to the Staff
ICanSeeYou7687 Valued Member United States 362 Posts	Posted 06/04/2011 08:49 am there is a company... I forget what its called, but you can send in your junk silver and gold, and they will melt it and make it into bars, rounds, w/e, and take like 10% of the metal for the cost of melting it. I dunno if that would be something you were interested in EDIT I think this was mentioned above already Edited by ICanSeeYou7687 06/04/2011 08:52 am Report this Post to the Staff
	Replies: 20 / Views: 4,267	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

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!

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

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 0.3 seconds to rattle this change.