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Buying gold and silver.
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<blockquote data-quote="Maddog" data-source="post: 272919" data-attributes="member: 5355"><p>There is not an easy answer to your question that fits all situations. </p><p></p><p>Based upon the coin's grade and year of mint, its value is determined.</p><p></p><p>But in general for the lowest grade of coins (meaning "junk" coins -- stuff you find all beat up out in the park):</p><p>The "coin places" will have a markup based upon the spot price. So you buy, you pay a premium above the spot price. So if you sell, you get paid an amount below the spot price. Each place MAY have a different markup. </p><p></p><p>Better grade coins will have a value quite a bit differently from the above, where both the sell and buy price for them MAY be above the spot price. The "coin places" may try to pull a quick one on you and give you the lower priced value (junk coins) for a nice collectible coin that you have. So be careful.</p></blockquote><p></p>
[QUOTE="Maddog, post: 272919, member: 5355"] There is not an easy answer to your question that fits all situations. Based upon the coin's grade and year of mint, its value is determined. But in general for the lowest grade of coins (meaning "junk" coins -- stuff you find all beat up out in the park): The "coin places" will have a markup based upon the spot price. So you buy, you pay a premium above the spot price. So if you sell, you get paid an amount below the spot price. Each place MAY have a different markup. Better grade coins will have a value quite a bit differently from the above, where both the sell and buy price for them MAY be above the spot price. The "coin places" may try to pull a quick one on you and give you the lower priced value (junk coins) for a nice collectible coin that you have. So be careful. [/QUOTE]
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