turtlefoot13
Hero Member
- Aug 23, 2009
- 733
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- Teknetics Alpha 2000
- Primary Interest:
- Relic Hunting
I was floored today. I was going through my box of auction junk from this year pulling out all of the sterling jewelry that was broken and going through coin jars getting all of the cull silver coins out. I took several pieces of jewelry along with about 25 coins (90% silver) to a local pawn shop to sell for scrap. I have sold junk jewelry and some coins this way for years but today was not one of those days. The shop owner told me that he did not buy scrap silver any more as there was no money to be made. It just didn't have the value. I figured with silver being over $18.00 an ounce and with most pawn shops (including him in the past) buying for a certain percentage under spot (and selling for the same percentage over spot) that there would be a higher profit right now than ever. Is anyone else running into this problem or am I just dealing with a funky business owner? I have delt with him for years on many different things without EVER having any problems.
BTW he did say that if I had gold or platinum he would buy it by the pennyweight. Rings have to have all of the stones or the price will be reduced though.
Doug
BTW he did say that if I had gold or platinum he would buy it by the pennyweight. Rings have to have all of the stones or the price will be reduced though.
Doug
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