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Poll: 2009 purchases, melt value vs. price paid
RedTiger
Posts: 5,608 ✭
I am running a parallel poll on the PM forum for comparison. If you mostly read and post on the Precious Metals forum respond over there, otherwise answer here.
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The question is for your 2009 purchases of coins, what was the melt value to price paid ratio. For example a silver eagle bought for $20 with silver at $18 has a 90% ratio. A proof silver eagle might be $45 for about a 35% ratio. Most copper coins are going to be at 1% or lower, as will many high grade collector coins.
When reviewing my 2009 coin and bullion purchases, my own answer surprised me.
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The question is for your 2009 purchases of coins, what was the melt value to price paid ratio. For example a silver eagle bought for $20 with silver at $18 has a 90% ratio. A proof silver eagle might be $45 for about a 35% ratio. Most copper coins are going to be at 1% or lower, as will many high grade collector coins.
When reviewing my 2009 coin and bullion purchases, my own answer surprised me.
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Comments
I think my closest single purchase was a 20:1 ratio price paid to melt value.
Then there's the 70,000:1 purchase....
60 years into this hobby and I'm still working on my Lincoln set!