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 Replies: 13 / Views: 1,040 |
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Pillar of the Community
Canada
849 Posts |
Here is an example. My melt value might be off by time you read this but I think it makes my point. I have two 1949 Canadian silver dollars. One MS60, the other ICCS MS64. A trends catalogue from 2025 listed the MS60 at $50 Canadian, the MS64 at $85. At current melt value, the MS60 would fetch about $85. Would that push the value of the MS64 coin up a little from $85, or would it still be worth the melt value of $85, just like the MS60?
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Pillar of the Community
United States
1227 Posts |
Personal opinion, I think for awhile the price will push up a little above the book value, but if silver climbs higher and higher they will become bullion.
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Pillar of the Community
Canada
5238 Posts |
The coins with small to medium numismatic value are being trading as bullion right now at the LCS. Things are too volatile right now to determine where the line will be drawn when the dust settles, if it ever does. I think that your MS64 1949 should maintain a slight premium if silver prices remain high, given that it is more desirable than a slightly handled 1964, but a lot of people are reluctant to buy anything at these prices. My LCS is offering silver dollars at 95% of melt with few takers.
The quantity of Canadian silver coins being melted right now is very high. So far my LCS is holding off melting the silver dollars, but they can't be a silver dollar museum much longer.
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Moderator
 United States
187582 Posts |
Value is set by demand. The market needs more collectors than stackers to give the value a numismatic premium above melt. If the higher bullion value means these coins get melted, then the supply goes lower and the numismatic demand should drive the values back above melt.  |
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Pillar of the Community
 Canada
5584 Posts |
Well, gold id down $500 today (US) and silver down $33 US. The bubble is showing huge cracks.
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Moderator
United States
187582 Posts |
Seems like we might not need to worry about this question after all, but I do not think it is over yet.  |
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Pillar of the Community
Canada
1505 Posts |
It's a great question, I kept my core collection as is, some of it I would definitely be better off selling at melt and trying to rebuy a better quality piece for the spot price. Eg changeover a ms 63 into a 64 or 65
I sold off most of my duplicates where collecting value was below melt, commom/hard to sell for value, especially circulated or 60's ms silver. I only need so many ms/pl dimes from 1965. This freed up some cash for new acquisitions.
This is probably a great opportunity to buy flip some of your lower grade stuff for higher grade at a relatively low premium or better against the market sell now, pick up new later at significantly lower prices.
We have seen this spike severall times and the pattern is steep run up, fast decline. As jbuck said, it will be interesting to see the new floor price and how much supply was reduced of common coins.
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Bedrock of the Community
Australia
21786 Posts |
All silver coin net prices will be pushed up (or down), by by the net increase (or down), in the silver price.
Just remember that all coins that have a bullion value component
may also have a numismatic value component,
that should be assessed separately, then added together.
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Pillar of the Community
 Canada
849 Posts |
I appreciate the responses and feedback. I probably have a half dozen duplicate silver dollars and a dozen duplicate silver 50 cent pieces that are "bullion value." That could go towards filling two or three holes or upgrading a few other coins. I am not really an "accumulator" of silver for silver's sake.
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Pillar of the Community
Canada
617 Posts |
I wonder if values might go up sometime in the future if "good" coins are melted down , decreasing the number out there?
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Pillar of the Community
United States
666 Posts |
Quote:
I wonder if values might go up sometime in the future if "good" coins are melted down, decreasing the number out there? I think what you'll see is that lower grade coins will have their values slightly increase with lesser jumps between grades. |
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Pillar of the Community
Canada
5324 Posts |
With silver slowly climbing back to US 90$ common date silver coins will be worth only bullion unless it drops back to 35 US$. There are simply not enough collectors of common Canadian coins that is why these coins has always traded with little premiums over bullion. If this spike in bullion hangs on, most common stuff will get melted and those coins that makes it through might rise in value.
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Pillar of the Community
United States
1348 Posts |
Slightly off topic, but currently there are 17 pieces of 1914 Ten Dollar gold in PCGS MS-64 listed for the April 8 Heritage auction. I submit that with the price of gold near $7K CAD, these will sell for near bullion value ($3,300 CAD each or thereabouts).
It is sad to see nice old coins like these reduced to widgits or candidates for the melting pot. I would be surprised if the 63s and 62s are not already being melted.
http://www.victoriancent.com2011 & 2025 Fred Bowman Award Winner, 2020 J. Douglas Ferguson Award Winner, & 2022 Paul Fiocca Award Winner. Life Member of RCNA.
Edited by bosox
03/13/2026 4:54 pm
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Moderator
United States
187582 Posts |
Quote:
It is sad to see nice old coins like these reduced to widgits or candidates for the melting pot. I would be surprised if the 63s and 62s are not already being melted.  |
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Replies: 13 / Views: 1,040 |
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Posted 01/30/2026 05:38 am
