David- I have a question, maybe you can answer it. Last year I had a gold chain I wanted to sell. I calculated the actual value of the gold (I know how to do that), and offered it for 90% of that amount. I put it on BST, and my wife listed it on ebay and I think on etsy.
We didn't have a single inquiry anywhere. So how cheap do you have to list a commodity to make a sale? I know nobody pays full value- if I bring scrap gold into the diamond district in Manhattan they pay at most 70%, if that. Wouldn't you think 90% of face would work? I assume if I offer ten dollar bills for $9 each, business will be very brisk.
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