by millywalkav at Citysearch
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Avoid this pilferer
Simply this man is a pilferer, and should be avoided.\r\rI buy and sell metal as a side hobby. I had wanted to check this location out for a while, so I decided to stop in with $40 face of 64 Kennedys to see what he would offer.\r\r- Silver closed at $14.47 \r\r- There is 28.9 ounces of silver in 80 90% sliver half dollars.\r\r- (28.9)x($14.47)=$418.18\r\rNOTE: Only a fool would expect to receive that amount. A good rule of thumb is to expect to lose around 2%-5% in trade. Let's say I was feeling like I really wanted to get rid of the silver and would give him 10%\r\r- 10% of $418 is basically $42\r\r- I should expect to receive $376 (This is still a bad deal for me and an excellent deal for Sams)\r\rThey offered $240 and attempted to confuse me with some quick talk. Unfortunately for them I know how metal works and laughed, showed the math, explained that they had just lost a large amount of future business and walked out with my silver.\r\rAvoid at all costs.
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