[Apofis]

He does have to turn a profit on what he's buying. You want spot price? Oddly enough, in California and maybe other states, a pawn shop will give you spot price.

[coffeebeqn]

I’ve also found a few in various states that buy Eagles for spot - of course then they’ll sell them forwards at spot + 15% or something

[iwontberude]

I’ve gotten them to sell under spot once bc they mispriced their inventory.

[wakawaka28]

Why California? Most pawn shops suck (see Pawn Stars where they offer like 1/3 of the value on most stuff), but you might find a few pawn shops that want to deal with metals and coins. The best thing to do is to shop around a bit when trying to sell anything.

[nradov]

Pawn Stars is semi-scripted entertainment, not necessarily representative of how real pawn shops operate. The actual prices were were negotiated before the episode was recorded.

But of course there will be a large bid / ask spread on collectibles and small quantities of precious metals. Dealers have to make a profit. Anyone who doesn't like the price is free to sell on eBay or at a local coin show or something.