never2late
Jr. Member
I was just wondering, when I go into a coin shop to sell my silver halves (which I wont be doing for a good while, don't you worry), how does the process work?
I mean today silver is at $26.76 and obviously they will not give me that price because then they would not be able to make a profit.
But do they just calculate how many oz i have based on silver content and then pay me a price under spot?
Or do they buy a completely different way?
Or heck is there a more profitable way to sell the silver, perhaps through a refinery?
Just wondering.
I mean today silver is at $26.76 and obviously they will not give me that price because then they would not be able to make a profit.
But do they just calculate how many oz i have based on silver content and then pay me a price under spot?
Or do they buy a completely different way?
Or heck is there a more profitable way to sell the silver, perhaps through a refinery?
Just wondering.
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