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 Replies: 20 / Views: 2,779 |
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Pillar of the Community
United States
1315 Posts |
Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet.
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Bedrock of the Community
Australia
21788 Posts |
thq has the right answer as far as bullion dealers are concerned.
Edited by sel_69l
07/01/2017 4:33 pm
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Pillar of the Community
United States
1695 Posts |
Quote:
The smaller coins tend to lose more of their weight as they wear. A half that has lost 2% of its weight is worth more than a quarter that has lost 5%. The effect is seen in large quantities of coins, which are priced closest to bullion. I did not understand any of this beyond the first sentence. It seems plausible that smaller coins gain wear more quickly, since more of the surface is touched in handling. The second and third sentences here confuse me. |
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Pillar of the Community
United States
1499 Posts |
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Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet. The only reason for that the Chinese have not made "junk silver" Franklin half dollars is that they can't make a profit from them ... YET. If the flea market trade gets interested in them, get ready for the "Chinese Bens." |
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Bedrock of the Community
Australia
21788 Posts |
A bullion dealer would simply weigh all coins of the same fineness to get the total ASW, and offer a price accordingly.
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CCF Advertiser
United States
1533 Posts |
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Bedrock of the Community
United States
94367 Posts |
thq - Thanks for this helpful info.
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Moderator
 United States
54283 Posts |
Quote:
Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet. The Chinese can find a way to profit from them, I sure. The reason the mint has suspended their mutilated and damaged coin return program is that the Chinese (through middlemen) were sending in TONS of counterfeit mutilated coins made in China and were still turning a profit! |
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Valued Member
United States
89 Posts |
I like it all. But mostly collect halves and quarters for the silver content. It's interesting though, when you compare 90% to .999 bullion, the smaller fractionals sell for a huge premium compared to the larger coins. Exact opposite with 90%. I don't understand it
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CCF Advertiser
United States
1533 Posts |
With fractional bullion the processing and minting cost needs to go somewhere. 1/0th oz and 1g rounds will sell at a large premium relative to 100 oz bars. The same is not true of coins as the government absorbs the cost and because they literally make the money, its hidden.
Edited by Andrew99
07/02/2017 09:08 am
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Pillar of the Community
United States
3343 Posts |
The biggest disounting of all is sterling flatware, which sells for 50-75% of melt depending on quantity and where you sell. The coins have a large resale market that supports their price. But no one hoards sacks of forks. That's where you see the full cost of the melting and reprocessing it takes to make those 999 rounds.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/02/2017 10:18 am
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Bedrock of the Community
United States
17884 Posts |
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the Chinese (through middlemen) were sending in TONS of counterfeit mutilated coins made in China and were still turning a profit! Yes but they were making base metal coins that cost just a few cents apiece and redeeming them for face value. |
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Pillar of the Community
United States
1119 Posts |
the LCS I frequent charges the same for all 90% coinage. 12X face currently
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Pillar of the Community
United States
1475 Posts |
Quote:
With fractional bullion the processing and minting cost needs to go somewhere. 1/0th oz and 1g rounds will sell at a large premium relative to 100 oz bars. The same is not true of coins as the government absorbs the cost and because they literally make the money, its hidden. Makes perfect sense! Edited by Coconutjoe
07/10/2017 03:16 am
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Bedrock of the Community
United States
17884 Posts |
Even then the government (in the early years) preferred to make halves and dollars rather than dimes and quarters because it took ten times as much labor to make a dollars worth of dimes than it did a dollars worth of silver dollars.
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Replies: 20 / Views: 2,779 |
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First Page
Posted 07/01/2017 09:22 am
