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"Crack out" and "Cut up" Party
halfcentman
Posts: 1,498 ✭✭✭
I had a very busy Monday purchasing three collections, two of which had a great deal of Mint product.
It has gotten to the point where so much of this US Mint product has to be destroyed for a variety of reasons: two of which are the price of silver, and the fact that even 10% below bid on some Mint Sets is below face value.
My handyman was over today putting in laminate flooring in my daughter's room. I paid him his hourly rate (which is VERY reasonable), and he efficiently cracked open and cut up stuff for 30 minutes which would have taken me over twice as long.
It's so weird. The previous day I was taking pictures and attributing early type. What a dichotomy our business provides!
It has gotten to the point where so much of this US Mint product has to be destroyed for a variety of reasons: two of which are the price of silver, and the fact that even 10% below bid on some Mint Sets is below face value.
My handyman was over today putting in laminate flooring in my daughter's room. I paid him his hourly rate (which is VERY reasonable), and he efficiently cracked open and cut up stuff for 30 minutes which would have taken me over twice as long.
It's so weird. The previous day I was taking pictures and attributing early type. What a dichotomy our business provides!
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you offered below face for a mint set?
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you offered below face for a mint set? >>
That's a broad generalization. The short answer is "no." I'm not going to waste bandwidth explaining why or why not.
There are certain items that you need to cut up as sets, because they are worth more than melt than selling them to the wholesaler at any percentage of CDN bid. It's not worth shipping it or stocking it. Cash flow is king, and I am willing to sacrifice a few percent so I can have fresh cash for the next deal.
I just spent over $10K for a Ziploc freezer bag of 90% silver. So is everybody else. I just look at that and think of what a nice 1802 Half Cent I could buy!!