WHY MELT GOLD COINS AND INGOTS IN THE REFINERS FURNACE?

[RockTheOcean4me]

I collect stamps, I esp like the rare, expensive ones with a blue color. I set them ablaze, the older they are, the more energy they give. Blue ones are better than brown or red ones, weirdo...

[dauerhaft1]

The mexican coin and Swiss bar should not be melted..you will always get more than spot value for them....the comemorative ones melt away!

[ScrapGoldBusiness]

@dauerhaft1

I KNOW BUT I NEEDED THE FIAT DOLLARS TO OPEN THE NEXT DAY...

DON'T HAVE THE POWER OF A PRINTING PRESS.

GREG

[IllinoisPawnShop]

take the gold and melt it in my pocket !!! lol

[SilverLadyBug999]

In your business it's better to make a little on a lot of trades & deals that a lot on 1 or 2. People come to you daily out of the blue & you need cash flow to buy & move. Good lasting business is also WIFM (whats in-it form me). That is why you can deal direct with the melter , as you bring regular bulk, saving him dealing with lots of nit-picking. Then as your build a large satisfied client base you attract more flow. A good deal for all = regular flow.

[ScrapGoldBusiness]

@SilverLadyBug999

THAT'S EXACTLY WHY I MELT 98% OF ALL GOLD JEWELRY TOO.

MUCH OF WHICH SOLD FOR 10x MORE IN A JEWELRY STORE.

I CAN SELL IT TO THE REFINER WITH NO SECURITY PROBLEMS AND NO NITPICKERS.

BTY ITS ONLY BULLION COINS AND NOT SAINTS, LIBERTIES INDIANS ECT.

IT AGAIN IS ALL ABOUT CASH-FLOW.

GREG

[anthcybo]

You can sell coins to sites like apmex for more than you're going to get melting them, and you could sell them for 50+ dollars over spot in your store. It's such a shame you would melt such beautiful coins.

[MrDreday1976]

you cold have sold those to apmex of mor than scrap

[spooderdoggy]

I don't agree Greg. Coins have an established standard to them that allows people to know what they really got. Also, gold coins have numismatic value to them that will stop govt. confiscation & give the owner safety in keeping them. However, I will concede from the scraper point of view, there is very little value in resale. You have already paid a premium to buy the coins & still have to make a profit at the melter. The only senario for resale is rising gold prices & safety minded buyers.

[ScrapGoldBusiness]

@spooderdoggy

NO PROBLEM - WE WILL ALL NEVER AGREE 100%.

EXCECT WHEN IT COMES TO THE ECONOMY AND THEN THERE ARE THOSE WHO LOVE OBAMA AND THE JOB HES DOING.

AGAIN: WHEN I MELT GOLD COINS ITS ONLY BULLION COINS AND NOT SAINTS, LIBERTIES INDIANS ECT.

ALSO THEY PAY 100% OF SPOT IF ITS AGE OR KRUGERRANDS.

GREG

[spooderdoggy]

@ScrapGoldBusiness Ok friend.

[pattonftw]

Why is it better to melt them?

[TheChiefSteel]

Then Melt them...Are you fishing for buyers?

[ScrapGoldBusiness]

@TheChiefSteel

IF I WAS I WOULD PUT THEM ON CRAIGSLIST....

GREG

[SuperThisishowwedo]

I'LL BUY THAT GOLD MEXICAN ONZA!

[secretscot]

Melting coins totally makes no sense.

They are in the best form to be sold.

[valhala56]

I'd melt em, and buy weed and guns.

[scottj719]

Nobody wants the Onza/Libertad ?

[ScrapGoldBusiness]

WHAT IS WELL OVER SPOT?

SECURITY IS KEY...

[ytgv3fc7]

@ScrapGoldBusiness damn, it's so dangerous you can't even retail a coin? Even if it was a small coin? I mean damn, be it gold or cash value, if things like 0.2 oz gold coins are too rich to hold for sale in a store-front the economy's more than in the shitter, it's nearing the time for secret-barter-only on that kind of thing & why not equal robbery risk for paper in the same place?

I'm not running a store-front, answer at your leisure...

[jadeguy99]

My local coin shop pays well over spot for all Gold coins.

[TheMetalElement]

Greg, what are your thoughts on natural/native gold? What if somebody brought you some gold nuggets, flakes, dust, etc...that they mined?

[ScrapGoldBusiness]

@TheMetalElement

We're always buying nuggets and placer gold.

[haileyann20]

Greg u got balls melting gold coins. anyone who melts gold coins should go to jail hahahaha lmao

[AIlSeeinGuy]

understandable as you profit imediately and keep your cash flow moving to purchase more metal

[ScrapGoldBusiness]

@AIlSeeinGuy

YOUR A SMART GUY...

GREG

[futureworksexpress]

if your scared of getting whacked, maybe rethink your security, or rethink the business you are in.

[ScrapGoldBusiness]

@futureworksexpress

NOT SCARED, PREPARED FOR CORRECT DECISION MAKING.

GREG

[endlessmountain]

i dont understand why they need melted. You said they are not worth selling and you'll get whacked.. Again, do not understand why.

I don't buy gold and am patiently waiting for the GSR to reach the 16ish area before speculating.

[ScrapGoldBusiness]

@endlessmountain

I AM MORE OF A BUYER THAN SELLER. LOCAL BUYERS DONT HAVE THE MONEY AND MOST THAT DO WANT TO PAY LESS THAN SPOT. UNFORTUNATLY, I DONT HAVE THE PATIENCE.

GREG