Melting coins for the metal
Weg
Posts: 544
Tonight I'm sitting on the floor looking through over 1,000 pre 65 quarters picked up for the silver content. Surprisingly some of these are in decent condition (of course nothing in MS) which got me thinking about the current premiums there are with some coins as a result of melting started in 1934.
The reasons are different for melting, but the results will be somewhat the same. Less coins. With spot silver between $11.00 to 20.00 an ounce there are a lot of coins in grades under MS which are worth more for their melt value. Does anyone else wonder if so many are melted could it cause those remaining to have more value in time?
The reasons are different for melting, but the results will be somewhat the same. Less coins. With spot silver between $11.00 to 20.00 an ounce there are a lot of coins in grades under MS which are worth more for their melt value. Does anyone else wonder if so many are melted could it cause those remaining to have more value in time?
Remember, I'm pullen for ya; we're all in this together.---Red Green---
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<< <i>Tonight I'm sitting on the floor looking through over 1,000 pre 65 quarters picked up for the silver content. Surprisingly some of these are in decent condition (of course nothing in MS) which got me thinking about the current premiums there are with some coins as a result of melting started in 1934.
The reasons are different for melting, but the results will be somewhat the same. Less coins. With spot silver between $11.00 to 20.00 an ounce there are a lot of coins in grades under MS which are worth more for their melt value. Does anyone else wonder if so many are melted could it cause those remaining to have more value in time? >>
Not yet.
Maybe in the future.
In reality, most 90% silver sold for melt, isn't melted.
<< <i>In time, many things gain value - dinosaur feces sells for very high prices... so yes - in time, they will undoubtedly be worth more. Cheers, RickO >>