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Has Anyone Tried To Buy Any Silver Lately?


Redneck

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I saw an ad in the newspaper yesterday.  (Remember those?  No, not ads, newspapars!)  One of those travelling 'carnival' crews that show up at a local hotel, community center, etc. to buy or sell.  This one is buying old coins and precious metals.  Said they would pay "up to 1200%" for 90% silver coins.  Sounds generous!  Except 0.7 (my round number -- DwD pointed out the other day that for uncirculated or lightly circulated it's 0.72-something) times current silver spot is over 1900% (i.e. over 19 times face).

Reminds me of a quote credited to P.T. Barnum....  Meanwhile I still don't know what 'legitimate' dealers are paying.

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