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So If Silver Goes To 100$ Which Coins Would You Melt?

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arianzo's Avatar
Canada
2124 Posts
 Posted 10/21/2014  9:00 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
Wow, your question is a total success!
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Libertad's Avatar
Canada
3692 Posts
 Posted 10/21/2014  9:08 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
D'uh, I'd melt the sterling .925 to cast something spiffy...
But if you mean, selling to a melter for cash, then the lowest purity will go first as per Gresham's law, so the US War Nickels, then .500 fine, then .720, then .800, and hopefully it wouldn't become tempting enough to sell anything .835 because that alloy is useful too. Anything .900 would be very easy to sell so that would be tempting as well. I would probably use that cash to add to other collections or up my game to acquire some platinum.
Rest in Peace
Dcadon's Avatar
Canada
1360 Posts
 Posted 10/21/2014  9:10 pm  Show Profile   Bookmark this reply Add Dcadon to your friends list Get a Link to this Reply
February 1980 silver topped out at $107. (adjusted for inflation to today's prices)
http://www.macrotrends.net/1333/gol...orical-chart

In it's rush to hit $2000/oz of gold in 2011, silver began it's climb to $51/ounce - where it has generally been falling from ever since. These things go in cycles, I have no doubt that it will happen again.
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Libertad's Avatar
Canada
3692 Posts
 Posted 10/21/2014  9:16 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Sorry, I should've read the first page before answering.
Clearly the $20 for $20 is a frontrunner.
Uhhhh, then any and all generic rounds and bars because I don't trust them as much as "government" bars and rounds.
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canadian_coins's Avatar
United States
2408 Posts
 Posted 10/21/2014  9:27 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
I think anything that's worth more than the numismatic value.

Then if I really liked the coins I could always buy them back when silver returns to $10/oz.
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Fixguy's Avatar
Canada
532 Posts
 Posted 10/21/2014  10:03 pm  Show Profile   Bookmark this reply Add Fixguy to your friends list Get a Link to this Reply
I'm with Canadian_coins on this one. What goes around comes around.
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arianzo's Avatar
Canada
2124 Posts
 Posted 10/21/2014  10:51 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
No one, because the silver coin value is determined by its silver market value plus the numismatic value so I'd rather sell the coin as a coin.
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pocket change 50's Avatar
Canada
1751 Posts
 Posted 10/22/2014  06:35 am  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
I'd sell to be melted any Nclt with a Mintage over 25,000, as long as it wasn't worth more elsewhere. I use anything over 25 k because it would be great to own some nice low Mintage coins. Prior to 2007 too many RCM coins the mintages were 50-150 K and that just way too many. Even a 8k Mintage is large. I really don't understand why they mint a glut of the yearly silver dollar. It seems that the RCM just don't get it that a 5k Mintage is big enough, especially with the amount of different coins currently produced. They'd really make collectors happy by doing this. Hopefully when they get a new mint master the direction will change.
Edited by pocket change 50
10/22/2014 06:35 am
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Liverpool's Avatar
Canada
576 Posts
 Posted 10/22/2014  4:05 pm  Show Profile   Bookmark this reply Add Liverpool to your friends list Get a Link to this Reply
100.00 an ounce......................everything
Liverpool
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Scissel's Avatar
Canada
693 Posts
 Posted 10/22/2014  4:50 pm  Show Profile   Bookmark this reply Add Scissel to your friends list Get a Link to this Reply
Silver at $100/oz would be an alarming economic indicator. At that point I'd be saving silver in preference to converting it to cash.
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United States
3789 Posts
 Posted 10/22/2014  6:23 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
it will be a long time before we even get back to its all time highs, let alone 100.

In fact, if it got to 100, I wouldnt be a seller until the momentum was clearly showing signs of rolling over, seeing that to get back to 100 would be a very strong uptrend.

in anycase, IF we got an uptrend again, whenever that happens, I would be selling into it, but I would sell only the coins I didnt care for anymore, which would be very few lol

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Lucky Cuss's Avatar
United States
4883 Posts
 Posted 10/22/2014  6:28 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
with Scissel who makes an excellent point. Silver shooting up to $100 could be a precursor of a Weimar style currency collapse, and as that accelerated, you'd definitely wish you had your silver back rather than a wad of increasingly worthless paper.
Colligo ergo sum
Edited by Lucky Cuss
10/22/2014 6:30 pm
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silverwolf's Avatar
Canada
3733 Posts
 Posted 10/23/2014  06:51 am  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
i have a bunch of the calgary and montreal olympic coins, they would be good ones to get rid of, with the 20 face being worth 100$..
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sel_69l's Avatar
Australia
21788 Posts
 Posted 10/23/2014  08:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I would not have ANY of them melted.
All coins with some bullion value also have a premium above bullion value, irrespective of the current spot silver price, whatever that may be. It's just that with a higher silver spot price, the percentage premium above bullion value would be less.

A small number of the silver coins in my collection may migrate to my 'junk silver' accumulation, but the great majority of them would remain in the main numismatic body of my collection.

With higher silver spot prices, coins that are more common, or are in poorer condition, preferentially find their way to the melting pot. That seems to be a fact of life.

I am first and foremost a numismatic collector, not a bullion silver collector. That will influence the character of the respondence to the question posed in this thread.
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allspice's Avatar
Canada
746 Posts
 Posted 10/23/2014  08:55 am  Show Profile   Bookmark this reply Add allspice to your friends list Get a Link to this Reply
Any coins with flaws, such as scratches, dings, bubbles, ugly toning, and oh yeah, MILK SPOTS!

Out they go!
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