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Buying silver ... Brands
Posted on 3/10/16 at 7:14 pm
Posted on 3/10/16 at 7:14 pm
Can someone tell me why an ounce of silver is more because it's one brand versus another ? I would think an ounce of silver is an ounce of silver.
Posted on 3/10/16 at 11:12 pm to Teauxler
quote:
Can someone tell me why an ounce of silver is more because it's one brand versus another ? I would think an ounce of silver is an ounce of silver.
The same reason any other item on earth has different prices from different vendors. Why is gas higher at one station than the other? Any business wants to extract the greatest possible value from it's product, kooky hunh
Posted on 3/11/16 at 12:23 am to Teauxler
the more recognizable the brand the higher the premium in most cases. A potential buyer from you will have more confidence that what they are receiving is genuine without any type of testing. This is why coins from national mints are usually a good choice. You should get a large percentage of your premium back when you sell to a dealer and all of it if you sell to an individual.
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