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Local B&M +6.5 over Spot

gene1978gene1978 Posts: 772 ✭✭✭
in U.S. Coin Forum
They are buying 90% @ 16.50x Face. They did not have much inventory, but he said not much was moving.
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Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Surprise, surprise.....He might reflect on price/market.... Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,611 ✭✭✭✭✭
    Lucky you have a local B&M.

    ``https://ebay.us/m/KxolR5

  • jdimmickjdimmick Posts: 9,780 ✭✭✭✭✭
    The flea market dealer coin shop here in town is buying at 19x face, and cant get enough. Instead of shipping mine, I sold it to them, I cant even get that shipping to the national folks. They tell me they have people lined up paying 22x face all day long.
  • jdimmickjdimmick Posts: 9,780 ✭✭✭✭✭
    Also I might add, a strange turn of events

    When I had the store front, I would go over to there place and buy the 90% from them to sell to my customers, because they had nobody buying it , and they would unload it to me. They would pay a few points back from what I would buy it from them for, now fast forward to present, I am selling them silver so they can sell it to their customer base who is paying even higher. as I mentioned above, they are paying more than I can ship it out for

    Jim

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