Hi Friends, here is a thing that I have discovered about Gold and Silver in pawnshops.
They charge you by the gram !!!!
If by chance they buy from someone a special / rare coin that has a high premium (in the real world) - they don't care - they just pay/offer a bit less than the spot price of the precious metal that the coin contains and when they sell - they charge you a bit more than the spot by the gram.
This is a cool way to find very good opportunities to buy special coins fro spot price + something
Few days ago I was passing next to a gold pawn shop (here in Singapore ) and in the corner of my eye i saw in the window golden coins for sell.
I had a look and there was a very nice gold coin issues by Singapore republic fro their 10th anniversary
I have asked for the price and they replayed that it would be 59 S$ for a gram.
They charge the gold and the silver by the gram ..they don't care about the collection intrinsic value the coins has.
this way iv'e got the coin for 5.44x59 = 320.96 S$ => 240 US $
this coin can be soled at much more premium
here are some examples here below
here is the best price I could find and it is still 50$ more expensive
Let me think what do you think about this