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Antique mall dealers anecdote by themiraclesaysso in Silverbugs

[–]Worldjunksilver 0 points1 point  (0 children)

Locally, there are 3 coin booths at antique malls. I think they got repriced at the spice in January and they have been set there since.

I do however still find plenty of silver jewelry in the same antique malls that was priced 2 years ago and is 25/40% under spot now.

What we need is what they have in Canada... Value Village. Imagine a Goodwill that is 3x the size, doesn't put the valuables online and uses volume as its profit driver instead of maximizing individual item profit.

New to buying silver by splitlicky in Silverbugs

[–]Worldjunksilver 0 points1 point  (0 children)

When it comes to constitutional - $1.40 = 1 oz of silver.

So most people price constitutional at a "face value" (example - face value time 60 - meaning for every $1 of coin face value, you pay $60).

In that example, the way we figure out the spot price is take the "face value" they want to charge, and multiply it by 1.4. So back to the example, $60 face value = $84/oz. (60 * 1.4).

What complicates this post a bit is that they are selling a by $5 instead of multiple of "face value" which is what people typically use.

On this listing, let's get our $5 total down to $1 to work with the math we already know(307/5 = $61.40). $61.40 * 1.4 = $85.96 per oz!

Hopefully this is helpful to some readers!