Originally Posted by Choker

Depends on what it is, 90% silver US coins I get at melt in bulk from coin dealers, or 95% of melt from the estate buyers (guys with the We buy gold signs) Silver dollars I usually get at spot plus a buck each. When I resell I only have 10% profit margin so when silver drops 10% like it has I'm fucked if I get caught with a lot of inventory on hand. But like I said earlier I have sold more today than yesterday while still charging $33 per ounce prices. You would think when its down around 29 like now that I could take advantage and stock up, but no, most wholesalers prefer to not sell and just wait till it rises again. I know of several big dealers sitting on gold they paid 1750 for. They have the money and can sit on it for a year if that's how long it takes to go back up.