Comment by wakawaka28
10 hours ago
Pawn shops can sell to large online dealers almost instantly in normal times. They can also sell on eBay easier than you can, as an established business. You can do those things too but maybe you don't want to deal with shipping and other hassles. I've heard really atrocious numbers (second hand) from pawn shops. To give you an idea, one guy went to a pawn shop and basically got offered $35 per oz on silver rounds when it was at $65. The coin shop offered him more like $55 if I remember right. This was in December, well before any big buyers stopped taking it or locking in prices. Even at $65 it looked high, because it was a record high, but tell your friend try to buy it immediately after you and it will be significantly over spot!
PS: eBay charges 14% or something. I also know very well that Pawn Stars is scripted, but the business side is true to life.
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