^^^best answer. Good dealers know what they are buying. Some dealers are keeping the good stuff for their own collections. Especially now.
That's depends... I can tell you that alot of dealers are sitting on their Silver Dragon coins waiting to sell them in 2013 at double the price!
None of the Melbourne dealers are sitting on Dragons Downies have them 1oz UNC at $99 Peter Strich is at $80 Downies even had the high relief at under $120 & the German show black Dragon was the same $
Yes, some do. There is a shop 40 miles from my home that has been buying/selling silver up until '08. Today, you can't take a single round out of that store, but they are eager to buy.
Well what is the shop selling then ? Where are they getting the money to pay for stock they are buying ? Perhaps they are selling everything that comes in on ebay.
It is a pawn/coin shop. They generate revenue from other sources, not just PMs. I talked to one owner(co-owner) about what he's doing and how he's able to do it. First off, they are very bullish on silver, obviously. They expect to see new all time highs in silver/gold soon, as do I. He said not being a seller of silver like in years past has hurt them a bit financially, but they are able to keep their heads above water, so they continue to buy and hold. They really low-ball sellers too. I called them once just to see what they would give me apiece for generic silver rounds, and they were considerably less than spot. That's probably another factor on how they are able to buy and hold. Buy only at prices they can reasonably afford.
