I've not seem this thread before and I haven't read all the way through it, however the premiums that silver and gold coins trade at has been an interest of mine for more than 40 years - it was an academic interest of one of my college professors.
It's very difficult to compare premiums over time by saying 12 (or other numbers) X face because most importantly bullion values change frequently and less importantly, there might be a different factor for large denominations against small, or types, or periods. For example, I would expect a larger premium for junk Seated halves
as against junk Barber halves
If future posters could quote percentage premium over melt (ignoring melting costs), I think we would all find that much more useful.
I've got the impression that junk silver in USA and Germany quite often trades under melt but that's never the case in the UK.
My notes about UK silver from 2015 say that junk Georgian (probably exclusively George III and George IV), William IV, and Edward VII, silver trades at 2 X melt, junk Victorian silver trades at 50% over melt, large junk George V/VI silver (halfcrowns and florins) trade at 20% over melt, small junk George V/VI silver (shillings, sixpences, threepences) trade at 10% over melt.
I'm not familiar with current trends.
Life Fellow, Royal Numismatic Society
My wants list: http://goccf.com/t/283145
Edited by Pertinax
07/26/2020 5:10 pm