Silver Coin Values After Silver Prices Drop?

I agree. If this continues, I am going to move this thread to the PM forum.

I see what he did there.

I get my junk/cull silver for $1.25 over spot as of right now purely because the guy at my lcs likes me. You two should both calm down and buy more silver! (that's a friendly suggestion not a command)

Perceived rare/antique/numismatic coins with solid demand from collectors are not subject to electronic bullion price swings.

All of that was my point in responding to this topic. I think you can see evidence of the third group already. Most online price guides have dropped later date, common silver quarters to $4.75 or less. Yet a majority of online and brick and mortar dealers hold the price of these coins at $6-$10 each. I think a lot of that is becacuse they have more invested than what the current spot price is, plus many of these are going to be harder to acquire now, unless folks start dumping. I have just not seen enough evidence yet of people dumping. Look at all the threads on this forum of people wanting to buy silver. There are not very many takers willing to sell their wares at current prices.

Bernake gave a speech where he straddled the fence about the feds future plans for the money printing creating an uncertainty that wasnt there which has given a bounce to everything.

I don't want to drift too far from the target, but I would like to talk about melt and silver prices as they pertain to coinage.

Bernanke hasn't changed his tune at all. He put out the 6.5% unemployment target (currently 7.6% unemployed 14.5% out of workforce) and some statements made prior about POSSIBLE easing in the future spooked the markets. The markets have "select hearing" like my wife. They hear what they want to hear. If they want to sell they just go back to blaming Europe or China or the Fed or tensions in the mideast. There is a myriad of things they can point too. That said, accomodation is totally unchanged for the near futures. Alot of companies have DOUBLED their profits since '09 on lean workforce and increases in productivity. Don't confuse Wall St. and Main St. because Main St. is still hurting.

All that said, I might reiterate the pricing of PAPER gold and silver. That is a big determining factor as to where prices go. They have the ability to send gasoline to $2 gallon totally disjoint from demand.

It looks silver and gold are on the rise shortly in the future. I think more people will be selling at their preconceived notion of a peak in prices. I also think the more sellers out there, more competition should get us UNDER the prices they charge now. I don't want to "catch" a bottom, or a top.

Of course I may be totally out of my mind, but that's besides the point.