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Thinking of maybe going to an LCS to sell some if silver gets back up in the 30's. Wondering right now what they are paying.

I would throw it out before I sold to any shop around here.

The highest is 70% of melt, the lowest around 50%. And these guys are friends of mine.

Morsecode wrote:I would throw it out before I sold to any shop around here.

The highest is 70% of melt, the lowest around 50%. And these guys are friends of mine.

Selling to CL buyers around here may be an alternative. There are regulars that pay spot or maybe over (will see how that goes if silver gets to $30) that post on CL. Wonder if they are trying to stack for their personal use or plan to flip the silver if it hits $30+. If anything, there will be plenty of silver available if prices recover because there will be plenty of sellers.

I think many holders of silver will want to get out once and for all if we get high prices. They are probably fatigued by price somersaults. I see myself not liking the roller coaster price fluctuations, hence the idea of freeing up some funds to use to buy more copper or to buy more silver at lower prices later on perhaps.

JerrySpringer wrote:Thinking of maybe going to an LCS to sell some if silver gets back up in the 30's. Wondering right now what they are paying.

I'd bet you'll get a better price here on Realcent than 97% of your local coin shops!

ASE is spot plus $1 and generic bars are 90% of spot. If you sell in volume you can get a better deal. Best I've seen on bars is 10 cents under spot.

Computer Jones wrote:

JerrySpringer wrote:Thinking of maybe going to an LCS to sell some if silver gets back up in the 30's. Wondering right now what they are paying.

I'd bet you'll get a better price here on Realcent than 97% of your local coin shops!

I agree with this 100%, if your LCS is only selling in the 70% range... you could easily sell here on RC for 90% and literally have whatever your selling gone in minutes. Depending on how you want to be paid, you could also get your money in minutes as well. GREAT community here. If I ever have anything I want to move, I put it up here first.

-The Great

My LCS is paying 5% over melt for 90% and $1.50 over for ASE. Most all the other shops are paying right around the same mark.There is always some entrepenuer/crook paying people below local market trends for PM's.

tedandcam wrote:My LCS is paying 5% over melt for 90% and $1.50 over for ASE. Most all the other shops are paying right around the same mark.There is always some entrepenuer/crook paying people below local market trends for PM's.

I guess you can call me a crook, i NEVER pay spot or above spot locally. Why would I? YOu woudln't intentionally pay MORE for something that you know you can buy for LESS would you? You don't go to Walmart and say... "Sorry, but Target has this for $2 MORE and I can't be paying less than the market trend..." Thats absurd! But all the LCS's around here always buy about 80% of spot

-The Great

There are 3 LCS in my area and they are all over the place. Seems to be either $2 below or above or anywhere in between. I don't sell at coin shops, but if they have a unique item I think is underpriced I may trade some of my silver I don't like as much, since they typically give you more in trade value than selling value. Plus you don't have to fill out the dumb card they turn over to the police dept and take all youe information as they do when you sell (at least in my state).

My LCS owner has a fancy formula he uses to calculate the buy/sell prices for US 90%. It's not anything easy like taking a fixed % of the spot price. I asked him once to explain it to me. He tried, but I was left in the dust by the third step of the calculation. To me it seemed like the spot price was actually secondary.

Instead, he seems to use the time of the daily sunset, the age of his dog, the per-gallon price at the neighborhood gas station and the expected high daily temp in Monkeys Eyebrow, Kentucky. He does lots of business, so it clearly works. I just don't know how or why.

I buy quite a bit off CL and I do pay spot because it is better than what they will get from LCS (around 80% of spot) and less than what it would cost me at the LCS so I figure it is a win win for all involved.

baggerman wrote:I buy quite a bit off CL and I do pay spot because it is better than what they will get from LCS (around 80% of spot) and less than what it would cost me at the LCS so I figure it is a win win for all involved.

That's very generous of you, Dick A win/win situation for all

They pay 95% of spot. Or higher. Ive gotten above 100 on 90% during volatility

Wont pay much premium wise on thing like ASE or GAE though...

Love them (and always a great conversation...buying or selling)

beauanderos wrote:

baggerman wrote:I buy quite a bit off CL and I do pay spot because it is better than what they will get from LCS (around 80% of spot) and less than what it would cost me at the LCS so I figure it is a win win for all involved.

That's very generous of you, Dick A win/win situation for all

Ray,

Dad always said that if BOTH parties don't walk away with a smile on their faces it wasn't a good deal.

baggerman wrote:I buy quite a bit off CL and I do pay spot because it is better than what they will get from LCS (around 80% of spot) and less than what it would cost me at the LCS so I figure it is a win win for all involved.

That's the way it should work, and doing business that way brings you more business in the future.

I can't even begin to count the number of wasted hours and opportunities I've missed by dealing with people who aren't happy unless they're screwing someone.