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<p>[QUOTE=&quot;MrNate, post: 9481598, member: 5515&quot;]This is an interesting question, and one that I think about quite often. Let me first answer your question directly, and then I’ll try to answer my thoughts from a bigger picture perspective on what is occurring.</p><p><br /></p><p>In my opinion, people selling items or donating them to a thrift store I believe generally fall into three categories as to why they giveaway silver for free or price it very low. Reason number one: they don’t actually know what they have. Reason number two: they know what they have but they don’t know what it’s worth. Reason number three: they know what they have and they know what it’s worth, but they are focused on reducing/getting rid of items to live a simpler life </p><p><br /></p><p>Here is the bigger answer perhaps a bit more philosophic on why this occurs. First, and foremost, we must recognize that if we want to buy goods or services, we have to engage in markets. Similarly, if we want to sell goods and services, we need to establish or join existing markets. In order for any market to exist, there must be at least one willing buyer and one willing seller. So both sides enter the market with a willingness to purchase goods or a willingness to sell goods. For a transaction to occur in a market, both parties must be accepting of the price.&nbsp; Now here is where it gets interesting: most markets, and most especially used markets, have imperfect information. What do I mean by that? What I mean is that a buyer in a market won’t know everything about the value of item or the condition of an item or the collect ability of an item. Similarly, many sellers won’t know the value of an item, won’t truly know the condition of an item, or its collectibility. Another example of imperfect information is an item may be properly marked, and very easy for you and me to see with our own eyes , but the seller may not see the same thing even though to us and our level of expertise it seems incredibly obvious. </p><p><br /></p><p>Generally speaking, the higher value of an item, the lower the probability of imperfect information in those markets. It would be very unlikely for someone to sell a house for $10, not realizing the true value of this item, however, in theory it is possible. And so because Silver is of relatively high value, the probability of market imperfections is much lower, but absolutely not zero. And what that means is to find silver you have to go to thrift stores a lot, or you have to search the internet a lot, in the hopes that you will through high volume of individual items for sale, find market imperfection. </p><p><br /></p><p>What I am personally doing when I am entering into the market as a willing buyer; in the long run of all of my purchases I’m seeking imperfect information and in exchange I hope to be rewarded accordingly for my time and my expertise.[/QUOTE]</p><p><br /></p>

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