Sterling Round/bar Question

[wagsthadog]

Hi all-

I have a buddy who might be selling some silver, but he has a good amount of STERLING rounds and bars. I'm pretty sure its a lot of loose Franklin mint stuff and the like. I dont want to rip him off but I also want to make a little profit, are rounds and bars just bought as sterling scrap? What's usual, about 70% of melt?

Thanks in advance!
wags

[Rastatodd]

Do you have a LCS in the area to see what they happen to pay for sterling. Once you know that maybe you could sweet' en the offer to your friend with a higher bid price. That way you win and so does your friend, with him knowing he got a better deal from his close friend than from some lcs. Seeing that a bid price from a brick and mortar coin shop would be quite low, I would think. With you bumping your bid price there would possibly be enough margin for you to make a few dollars for yourself while keeping a piece of mind. Kick the tires and see if this works for you.