Silver Bullion Vs. US Silver %90 Coinage

Might be people would rather offload their 40/90% silver first, and hold onto their bars/rounds. So there is just a ton more of this stuff floating around. No idea, I'm still relatively new to the silver game.

I think a lot of the silver lots you see are people who bought from these Unsearched Bags on E-Bay. Price has gone up some from the buy to sell time so they are selling. Or they kept what they wanted or didn't like or don't know what they have. So they're trying to get back + or = to what they paid. I always see the same break downs. I know I've bought bags from a seller who runs a pretty legit business and have had good turn outs of course 70% is just silver value but almost always 30% are proof, AU, BU, MS. I never noticed the lots of silver until I searched my first one. And like others said you know just what your getting with 90% 40% s. When your eyes are trained to US coins I think its easier to trust in relating everyday handling to bars rounds ect.

Could be nothing more simple than people who have a lot of junk silver in their coffee cans, have seen how high the spot price has gotten and decided to sell it off at the local coin shop or wherever.

Most people DON'T have silver bars laying around....but most everyone seems to have some amount of junk silver laying around, and they've decided that now is the time to do something with it at these prices.

With the BabyBoomers retiring, I believe there are probably alot of silver hoarders unloading there collections. I do have a thought though. At some point would all of these coins being sold and melted force the value of all the other remaining coins higher? If there are 10 million coins and 9 million get melted wouldn't the 1 milion thus become more valuable regardless of condition? Just another reason not to sell.

@monkeyman:

there is a theory that the 63-p franklin will be the most valuable half dollar based on the fact that a lot of melting occurred that year and the year later they stopped silver coins.. I forget where the article was

I hope so, because I have a ton of the 63 Franklins.

I agree with that assessment. Also, in my opinion, even a well worn coin is much nicer to look at than a generic round or bar.

Don't think that those 90% coins ever get melted. That is just the hype the dealers tell you to get you to sell low. 90% coins are trusted. A melt isn't. If they did melt them, you are right, the surviving coins would be more rare. Common for people to believe the melt myth, enough dealers are spreading it.

As to the 90% vs rounds, I've bought about 3k worth 90% over the last few months and none in rounds. Had to have an auction canceled because someone was selling silver coated copper rounds. Rumors abound of Chinese slugs. I even intentionally bought 2 fakes, a morgan and a peace so I could see how good those fakes are. They are very good. I need to get a gram scale.