Why Are Junk Silver Halfs More Than Quaters Or Dimes? - Page 2

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Author	Replies: 20 / Views: 2,774	Page: of 2

thq Pillar of the Community United States 3343 Posts	Posted 07/02/2017 10:11 am 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 Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/03/2017 3:55 pm Quote: 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. Report this Post to the Staff
Steele Pillar of the Community United States 1119 Posts	Posted 07/10/2017 01:46 am the LCS I frequent charges the same for all 90% coinage. 12X face currently Report this Post to the Staff
Coconutjoe Pillar of the Community United States 1475 Posts	Posted 07/10/2017 03:15 am 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 Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 07/10/2017 08:20 am 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. Report this Post to the Staff
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