@asheland said:
that’s another thing, scrap silverware is coming in like crazy!
What's the silver content of silverware (forks, knives, etc.) ?
Indeed, usually Sterling 925–1000 purity. We do occasionally get coin silver, which is 90% pure like the coinage, and occasionally even some 800 fine Germany, etc. it all gets melted unfortunately…
@coastaljerseyguy said:
92.5 % silver, esp if the old stuff, better then our coins. My 90 year old Mom uses hers every day for regular use. Discarded most of the stainless when she last moved 10 years ago. When I visit & I look for a 'regular' spoon for my coffee, she always says use the sterling. It is kind of cool using the sterling and you bang on the coffee cup. Will inherit after she passes, but not sure I'd sell even if silver went to $100 oz. She got it as a wedding present 70 years ago.
All the silver wasn't sold in 1980 but most of the loosely held metal was. Tons of it survive but in aggregate it is almost insignificant relative the total amount of 90% coin. Don't forget some of it is heirloom quality or already in museum collections which also are insignificant compared to 90%.
Common sub-gem pre33 gold is already acceptable for gold stackers and enjoy the unlikely confiscation exemption. Only an OCD case demanding four nines would have an issue adding them to their accumulation. Refining to .9999 bars or rounds would be idiotic. They are of consistent value and, unlike silver, are not facing some industrial supply pressure.
@alefzero said:
Common sub-gem pre33 gold is already acceptable for gold stackers and enjoy the unlikely confiscation exemption. Only an ICD case demanding four nines would have an issue adding them to their accumulation. Refining to .9999 bars or rounds would be idiotic. They are of consistent value and, unlike silver, are not facing some industrial supply pressure.
Stickers aren't the same as institutions.
All comments reflect the opinion of the author, even when irrefutably accurate.
@WCC said:
You're making my point. PCGS has graded about 1,200,000 Saints. NGC has graded about 1,100,000. That's >slightly more than 25,000 or 50,000, and there isn't any reason to believe there are anywhere near these numbers >of set collectors either. There likely aren't anywhere near 25,000 looking to buy each date in the series
I agree, but the bulk of those graded Saints are in a few of the super-commons like the 1924 and 1908 No Motto. More than half of those graded are in the 1924, 1908 NM, and 1927.
The fact that in a low-enough grade lots of other coins are available for spot gold or a nominal premium -- meaning that numismatic demand has been satiated -- shows that for SOME coins, if they get culled now, it could backfire down the line if demand for them were to pick up.
In fact, the 1915-S has just over 16,000 graded by PCGS and I bought a nice MS-63 OGH back at FUN 2020 for basically spot gold (~3% premium adjusting for the lower gold content). If you can buy lots of coins not among the most common.....at bullion plus a nominal premium...and in grades from AU-58 to the low-60's....that's not bad.
Shows you even if there are tens of thousands of Type or PT collectors...they run the gamut from folks happy with 1 or 2 coins to semi-Registry players...and thus there are lots of coins trading for bullion (in 58-63 grades) when there are 5,000 coins and up available to collectors and certainly when 10,000 - 15,000 exist.
None of the numbers you infer as low are actually low. 5,000 to 10,000+ isn't a low number for a collectible, not at this price point or anything like it. It's a still a mass-produced object. There are a low number of coins at 4-figure and higher prices with the demand you infer, but not for the coins you've been inferring in this entire thread.
Looking at the TPG populations and current prices, melting would have to be substantial on many dates (not a few) and grades to change the collectible value proposition noticeably, because the TPG counts even in the higher grades aren't actually low. You previously mentioned the 1928 in MS-65+ in another thread. The PCGS count is 574. That's not even close to low and it's not a condition census coin either.
The primary reason I see for your view is that you're just not familiar enough with other coinage you don't and never did collect.
@Cougar1978 said:
We discussed this in coin club meeting but many felt - The culls for sure for melting but nice slabbed material just keep marking them up higher as pop decreases.
Good luck with that
You're replying to someone who has an inflated opinion of the widgets he sells.
Comments
Indeed, usually Sterling 925–1000 purity. We do occasionally get coin silver, which is 90% pure like the coinage, and occasionally even some 800 fine Germany, etc. it all gets melted unfortunately…
My YouTube Channel
Knives are tricky. The usually the blades are stainless steel and the .925 sterling silver handles can be hollow or weighted.
The better brands of sterling silver are somewhat considered collectibles.
All the silver wasn't sold in 1980 but most of the loosely held metal was. Tons of it survive but in aggregate it is almost insignificant relative the total amount of 90% coin. Don't forget some of it is heirloom quality or already in museum collections which also are insignificant compared to 90%.
$50 in 1980 went somewhere.
$50 today nothing.
In this bull market -
Players are holding on to their nice slabbed stuff or pricing ahead of or at current mkt retail / CPG. Expect to pay the money.
Common sub-gem pre33 gold is already acceptable for gold stackers and enjoy the unlikely confiscation exemption. Only an OCD case demanding four nines would have an issue adding them to their accumulation. Refining to .9999 bars or rounds would be idiotic. They are of consistent value and, unlike silver, are not facing some industrial supply pressure.
Stickers aren't the same as institutions.
All comments reflect the opinion of the author, even when irrefutably accurate.
According to the inflation calculator $197 today
That would be the all-time high technically
My YouTube Channel
None of the numbers you infer as low are actually low. 5,000 to 10,000+ isn't a low number for a collectible, not at this price point or anything like it. It's a still a mass-produced object. There are a low number of coins at 4-figure and higher prices with the demand you infer, but not for the coins you've been inferring in this entire thread.
Looking at the TPG populations and current prices, melting would have to be substantial on many dates (not a few) and grades to change the collectible value proposition noticeably, because the TPG counts even in the higher grades aren't actually low. You previously mentioned the 1928 in MS-65+ in another thread. The PCGS count is 574. That's not even close to low and it's not a condition census coin either.
The primary reason I see for your view is that you're just not familiar enough with other coinage you don't and never did collect.
You're replying to someone who has an inflated opinion of the widgets he sells.