Will the increase in Silver prices jumpstart a mass melt?
GotTheBug
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I've been to a couple of coin shops recently and observed that people are starting to dump junk silver again. I find myself hoping that, maybe, some of the red boxes of crap that dealers keep in stock will finally hit the melting pot, and that the wheat will be a lot easier to find once the chaff is gone.
U.S. junk silver will probably remain in the hands of stackers, but I wonder how this will play out with foreign silver coins? I looked through at least 50 red boxes of Canadian dross at the last FUN show. I'd love to see this stuff GONE!
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Foreign has been selling at melt and above melt recently. It's hard to imagine them melting it when it sells so well.
IG: DeCourcyCoinsEbay: neilrobertson
"Numismatic categorizations, if left unconstrained, will increase spontaneously over time." -me
For more normal premiums, I'd be interested in buying Canadian 80% coin silver just as I would US 90%.
WCC
what do you call " normal premiums"?
has any of you been watching the "Early" ( oriental) market every day?
It is called: "making a day's wages"
A lot lower than now which is ridiculous. I didn't price "junk" silver regularly pre-COVID but to me "normal" is somewhat more than the premiums used to be for ASE and similar NCLT. So maybe 10% or slightly more depending upon spot price.
My coin dealer offers a ridiculously low amount on Canadian silver. He says it's because his smelter dings him for bringing in anything that isn't a consistent 90%. Is that true? Who knows.