Just for giggles, I had my little loot sack with me and an hour to kill, and was curious as to how they operate...I brought in 94 gr of 925 silver, and that little 1gr 10k ring...OK, I tell the guy, "listen, I know what this stuff weighs, and know todays melt price, and I got about 120 bucks worth of loot here in this sack, so I just want to know what you will pay for this stuff" He checks it all out and says 37 dollars! I said a long "daaaaaamn!" thanked the fellow, made some metal detecting chit chat, and walked out with my stuff of course, (he was packing a 40 cal on his hip, I wondered who he thought was robbing who here)...I could see them operating on a 20% margin, even 25, but dont 70% seems a tad harsh?
Mud
Mud