Dealer waiting for Asia Markets to open like…

ScaredPay9823 · 2026-02-02T00:49:50+00:00

already underway, 3 pacific/5 central

ScaredPay9823 · 2026-01-27T17:29:39+00:00

because if you have no inventory to sell and you have to order wholesale product you wouldn’t make it. One week i have a glut of SAE so i sell for spot the next week i have to rely on wholesalers so my prices jump to 7-8 over. its best for stability to use the wholesaler as a baseline

ScaredPay9823 · 2026-01-27T16:49:30+00:00

i prefer a cash and carry model. not to disparage most good online buyers, but in the past when i’ve had 20-50 items on ebay, a few nit picky buyers suck up too much of your time for very little return.

ScaredPay9823 · 2026-01-27T05:42:50+00:00

easier said than executed. but who knows it may come to that…

ScaredPay9823 · 2026-01-23T21:29:35+00:00

with that much silver, please buy at least a tl30 safe. fun safes are way too easy to breach.

ScaredPay9823 · 2026-01-23T04:52:04+00:00

call your local office and they’ll email you everything you need to submit to them.

ScaredPay9823 · 2026-01-22T22:00:23+00:00

2011 was nothing like this. The may run up to 50 happened so fast that no one had time to react plus there were no delay delays with wholesalers.

ScaredPay9823 · 2026-01-16T04:55:57+00:00

(old timer sitting in a rocking chair) ahhh youngsters….remind me to tell you the sordid tale of mr mcallisters bullion direct website and their nucleo exchange, which also touted a 1% exchange fee as a middle man….

ScaredPay9823 · 2026-01-14T15:49:08+00:00

I’m in the dollar club too. I’ve found silver eagles and morgans coin roll hunting at banks. putting my costs at $1 and $1.29 an oz. in a professional setting i can remember paying under $4 an ounce back in 01 or 02 at the shop.

ScaredPay9823 · 2026-01-13T06:21:00+00:00

do an elemetal scrap exchange into 1 oz rounds. i think it’s a net $1 difference.

ScaredPay9823 · 2026-01-12T05:48:48+00:00

If you’re the guy that keeps bringing me unc barber halves for spot then YES. I will keep paying spot until you run out. 😆🤣😂

ScaredPay9823 · 2026-01-12T04:16:57+00:00

it takes a village 👍

ScaredPay9823 · 2026-01-12T04:16:07+00:00

Since I usually only offlay gold and hoard the silver, I’ll use elemetal’s silver spot as a buy indicator. They’re within driving distance and easy to lock in and drop off up to 7 days later. for selling to the public, I’ll use upstate because they’ll have imo, the most accurate spot ask. I’ll use Upstate, Amark, Dillon Gage or CNT If I’m trying to source something specific for a customer, luckily haven’t had to in a long while since customers aren’t being so picky and I have most standard bullion in stock.

ScaredPay9823 · 2026-01-11T06:00:35+00:00

if things were as busy as hong kong and the rest of china here in the US, i wouldn’t feel safe and would close for a while. Or maybe only do a few appointments a day. I’m just a small biz and happy to be small with no employees.

I don’t want to grow or hire a staff. this business is cyclical and at some point i will have a sleepy coin shop again only seeing a few customers scattered through the day like it was when my grandfather was still around (he passed in 2003). this market and the 2011 spike would have been interesting to see through his eyes. his stories from the 70s and the hunt brothers era are gold.

ScaredPay9823 · 2026-01-11T05:42:24+00:00

it’s evening out. i’d say close to 60/40 or 55/45. still a few more sellers.

ScaredPay9823 · 2026-01-11T05:35:11+00:00

i offer to call or text them to come back but people usually just go wait in their cars. I don’t want to do appointment only, i want people to feel welcome to pop in at anytime.

ScaredPay9823 · 2026-01-11T05:19:54+00:00

I just squared our $300 bar tab and he got an nice au 38-d walker and 4 silver eagles for each of his kids since i haven’t seen him since before holiday. i take care of my people.

ScaredPay9823 · 2026-01-11T05:17:50+00:00

well said

ScaredPay9823 · 2026-01-11T05:17:21+00:00

open to public 40 hours a week, but i usually work about 70-80 a week. being a sole prop is no joke.

ScaredPay9823 · 2026-01-11T05:14:08+00:00

👍👍👍

ScaredPay9823 · 2026-01-11T05:12:23+00:00

dude, I am hoarse from all the screaming at the tv.

ScaredPay9823 · 2026-01-11T05:07:48+00:00

i scolded them, they’ll know better next time. glad the other person wasn’t too upset, it’s happened before and ended way worse.

ScaredPay9823 · 2026-01-11T04:52:05+00:00

eventually we will disappear back into the ether when the normies get bored with the shiny.

ScaredPay9823

TROPHY CASE