The Melting Pot!
dlimb2
Posts: 3,449
Will Milk Spoted Silver Eagles hit the melting pot? Does anyone know what years are the worst for milk spoting and do you know of anyone melting Silver Eagles!
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I can see melting 90% or 40% silver coins to burn off or take out the copper and whatever else is floating around in there to get more pure silver (ie. .999 fine), but melting a coin that is already .999 fine doesn't make sense to me.
If you were talking about sending coins to the smelter for bullion value, that also doesn't make sense to me. I mean, if you had a million of them that you couldn't sell in bulk, that's one thing. But if you've only got one or two rolls sitting around, those are easy enough to sell at or near spot (maybe even over spot) that sending them to the smelter is not necessary. Milkspots and all.
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They prefer their bullion in bar form.
Best,
John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>Why would someone melt a silver eagle? >>
They look kind of gawdy hanging from a woman's ear in their current form.
Just a guess
``https://ebay.us/m/KxolR5
<< <i>
<< <i>Why would someone melt a silver eagle? >>
They look kind of gawdy hanging from a woman's ear in their current form.
Just a guess
After it's slabbed it's all the rage with all the certified bullion folks....
. . . melting a coin that is already .999 fine doesn't make sense to me.
Supposedly quite a bit of melting of .999 fine gold First Spouses and Platinum Eagles is now going on.
My guess is that the price rise in gold is being driven by institutions that prefer or require it in bar form, and the price rise in platinum is being driven by industrial demand (such as catalytic converters for cars and trucks).
In both cases, it would make sense to partially satisfy this demand by melting coins that have little or no numismatic premium.
<< <i>Why would someone melt a silver eagle? >>
Kind of for the same reason you put an animal to sleep...
...to end its misery.
A milk spotted eagle is in pain. It's suffering and had become a mere shadow of its once proud self. The only humane thing to do is end that suffering. Melt it and let it rest in peace.