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Are the 2007 spouse being melted at these prices?
Zippy7
Posts: 21
Are these a long time hold???? Do you think the mintage numbers are shrinking???
RD Cooper
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I wouldn't doubt it.
In honor of the memory of Cpl. Michael E. Thompson
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
So they are basically selling it for cash, or do they get the gold bars, nuggetts or whatever in return?
Are they really worth more melted, than they are in bullion?
Help me understand the logic?
<< <i>Are these a long time hold???? Do you think the mintage numbers are shrinking??? >>
The mintage numbers will never shrink, but the extant population is clearly shrinking.
Mintage numbers aren't shrinking but survivor numbers are.
Mmm, what RYK said! ^^^
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
unbelievable.If you are going to melt your 2007 first spouse coins,why not offer them on the BST b oards at melt plus postage.Im sure you would get alot of buyers.
<< <i>unbelievable.If you are going to melt your 2007 first spouse coins,why not offer them on the BST b oards at melt plus postage.Im sure you would get alot of buyers. >>
I would assume these are being melted from dealers, and most who do not frequent the PCGS boards.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
TD
is going to get melted. Only those specific examples that come to the market dur-
ing this time are in extreme danger of being destroyed. Many people will cull their
collections and holdings to get rid of items that no longer have a premium while
others will trade junk for the better material that's coming to market.
A lot of moderns have simply been decimated by melting. This includes very low
mintage gold coins but especially it applies to high denomination base metal coins.
People see huge mintages and have no idea they can be almost completely gone
and uncirculated examples unavailable.
<< <i>Ahhh, so much for the "moderns survive 100%" myth used to bash modern collecting. >>
never heard 100% used before but even 50% is a lot of coins
<< <i>The 2007 Spouse coins were being melted back in 2007-2008 when gold was around $800/oz. I'm sure they're still being melted now with gold above $1250/oz. >>
True...but at the time with the high numbers minted & sold, most of us considered them just bullion coins. I'm wondering if that mindset is still prevalent.