4 ms·
If you are in a dense coin/jewelry district of a medium-sized city, you can get darn close to the posted spot prices for mainstream coins. They will charge a b
by rlucas 8y ago
If you are in a dense coin/jewelry district of a medium-sized city, you can get darn close to the posted spot prices for mainstream coins. They will charge a bit extra but probably closer to a 5-10% rake than 20%.
Source: I once negotiated a cash price for a jewelry piece in downtown Portland, Oregon and the jeweler accepted bullion I wanted to liquidate at quoted spot bid in lieu of cash for part of the price.
If you are talking about getting "SAR levels" of USD folding green, though, you're going to need to make an appointment in advance. Plus, heavy. So the "walk 1600 oz of silver down the street" strategy has a number of practical impediments beyond the spread.
- XalvinX 8y agoIf you are buying 1600 oz. of silver, why not just buy 21 ounces of gold instead? lighter! But honestly I doubt too many people even have limits that high on their cards. Anyways, as an American who's grandfather landed on Normandy in WWII and who actually has roots back to the Mayflower (I do!) the very idea of an "SAR level" makes me fricking sick. Disgusted. People should be free to do what they want with their money and not have to tell anyone anything, period. Not only with their money, either..with their free time, the communications, their travels, their bodies and souls...LIBERTY should not just be an empty slogan on cheap metal coins and in songs and engraved on old stone statues. It is really too bad what the USA has become, and I hope that the future will see a brighter day for "we the people"..