I brought in a batch of 90% silver coins to GDK, totaling 18.4 troy ounces of actual silver content. I came fully prepared with weights and values written down. At the time, silver spot was around $38/oz, putting melt value at roughly $700.
The owner didn't even bother to weigh them himself -- he just looked at my notes and offered me $400. That's about 55% of melt value.
And this is the part that stuck with me: I came in prepared, clearly knowing what I had, and he still tried to treat me like I didn't. That's not just a bad offer, it's a complete lack of respect.
For comparison, another dealer in town the very same day offered me $605 (about 85% of melt) and even suggested I hold on to my silver since it fit my long-term goals. That's the difference between being respected and being taken advantage of.
If you want honesty and basic respect, shop elsewhere. My experience here was insulting. Honestly still in disbelief. read more