If someone offered you modern US bullion coins as payment for a debt...
291fifth
Posts: 24,709 ✭✭✭✭✭
... would you accept them?
How would you value them?
How would you value them?
All glory is fleeting.
0
Comments
<< <i>... would you accept them? How would you value them? >>
If they are just bullion I would call my local dealer, get his buy price, lock in the deal, and give that much credit. --Jerry
or.................
Current spot value for bullion but I would certainly accept them.
BTW, anybody want some IKEs? I'll accept 2008 Reverse of 07 SAEs in trade.
The name is LEE!
//////////////////////////////////////////////
Yup.
No reason not to accept them; they work like "money."
<< <i>I would accept them at the rate that I can sell them to my local dealer minus some amount for the hassle and my time. >>
Why should you charge for hassle? We aren't allowed to charge for any of the costs associated with shipping. We should ship for exactly what the USPS charges us and anything else (gas, time, packaging materials, printing supplies, etc) is a "cost of doing business". --Jerry
Not long ago I traded a camera for an ounce of old gold. I'm content with how it worked out and would do it again in a minute.
John
Never view my other linked pages. They aren't coin related.
<< <i>... would you accept them?
How would you value them? >>
Graciously and generously
``https://ebay.us/m/KxolR5
<< <i>
<< <i>I would accept them at the rate that I can sell them to my local dealer minus some amount for the hassle and my time. >>
Why should you charge for hassle? We aren't allowed to charge for any of the costs associated with shipping. We should ship for exactly what the USPS charges us and anything else (gas, time, packaging materials, printing supplies, etc) is a "cost of doing business". --Jerry >>
I would charge for the time because I don't want to own the bullion. I would like to be paid in cash. The person paying their debt could also sell to the dealer and then pay me in cash. However, they are essentially asking me to do this instead of them. My time is valuable so I should be recompensed for my time spent on something the debtor should do themselves.
I'd value them at 100% (current kitco.com price).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Better than cash in these days of rising inflation, falling dollar and falling equities.
Value at melt, or melt minus a couple percent if you want to be brutal.
John
John Maben
Pegasus Coin and Jewelry (Brick and Mortar)
ANA LM, PNG, APMD, FUN, Etc
800-381-2646
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
-------------------------
<< <i>... would you accept them?
How would you value them? >>
If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..???
<< <i>
<< <i>... would you accept them?
How would you value them? >>
If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..??? >>
Yes, in pre-1982 pennies at face, you betcha
<< <i>
<< <i>... would you accept them?
How would you value them? >>
If someone offered you the equivalant of copper as payment for a debt...would you accept that as payment..???..Is that any different than bullion..??? >>
I would not accept copper. Too bulky and heavy.
I would accept bullion, but at a discount of at least 12% from melt value. Any numismatic premiums would be ignored.