Are You Coins To Good To Melt? What Price Do You Sell ?

The last two comments point out part of my reason to hoard. The more they do get melted, the more mine are worth.

In this day and age, I believe silver would have to go over $50/oz for us to see much melting of silver dollars other than culls or damaged pieces. Regular 90% junk silver is different though.

I am bullish on silver and think we'll see $40/oz in the next 2-3 years but don't see $60/oz silver in the near future. So to answer your question: I will hold onto unc. silver dollars but below AG condition would let them go.

P.S. It would be interesting to know how many silver dollars have been melted in the last 50 years vs. the first 50 years of the 20th century.

nice to see the comments of collectors

Yea I was thinking the franklins, roosies, 50's 60's common washingtons as the main uncirculated coins to see the melt down, they dont have any real key dates for those years .
Like someone mentiones does not seem to be in short supply with the massive mint numbers

Melt for a franklin at $40-$50 a ounce would be $20-$25 for a uncirculated franklin , pretty tempting to sell off your collection of common mint coins if someone offered you full spot

Then if silver falls back dowbn to 15-20 a ounce in a few years you could buy back your entire collection at half the price or even less.

With inflation factored in at 4-6% over the last 30yrs not inclusing the run ups and fall offs but the 10 yr average for each decade 80's 90's 00's , economist say that silver is underpriced and once the market stablizes it should be 15-20 a ounce for the next 5-8 years with minor fluctuations.

So the high graded common mint stuff, ms-63+, deepcameo,semi cameo,proof like , most would keep
But I a common 1964 washington quater at 50x face = $25
Then silver falls to $20 a ounce that quater would not sell for $25 on the market

But the long term collectors hope that the melt if it happens agian will remove more pieces from the market and make the pieces that survived worth even more

Well as for me I will not send any of my coins to the melting pot. If it go's like it did in the 70's even my "JUNK" (never have liked that term) will have an increase in collector value. Hold fast! Preservation first, value second

Coggie

So where exactly does one take coins to be melted? Are people selling their silver coins to scrap metal dealers who subsequently melt them into silver bars? Say you have one ounce worth of silver in coin form and silver is at $25 an ounce. You take it to a scrap metal dealer, he pays you $25, where does he make a profit? Or is it that the scrap dealer would never pay you full market value for the silver?

Syaoran, check out the AMPEX link at the top of this page...gives you an idea how much you need and how much they are paying.