Will Intrinsic Value Overtake Numismatic Value ?

I was thinking that if the increase in the melt value of a particular coin should cause the melt value to become larger than the current numismatic value, that new melt value would become the new numismatic value.

I was wondering myself even if the melt value didn't exceed the current numismatic value, if it increased substantially, that alone would cause the numismatic value to rise.

Especially with gold coins, the intrinsic value component currently is increasing at a much faster rate than the numismatic value component. Applies to a lesser extent to silver coins. A few years ago I never really bothered with the intrinsic silver value, when considering the value of a silver coin. I have to now, unless the price is a lot higher than the bullion value.

Nevertheless, the total value of a coin will always be the numismatic value component added on to the the intrinsic value. Even bronze and copper coins are starting to be considered in this way.

With junk silver or bullion coins, I consider the numismatic value to be zero.
Sometimes that is a bit of a pity with bullion coins, because there are some nicely designed bullion coins out there.

TCW: From the Ausralian experience you are basically right in your predictions.
Only a minor point of difference and even then in degree only.

Australia converted from a silver coin Pounds Shillings Pence currency to a copper nickel coin decimal currency in 1966. Silver coins were withdrawn fairly quickly, to be melted by the Mint.

EF to MS silver coin prices did rise significantly but they did not skyrocket over a short period. Low grade coins became scarcer, relative to high grade coins, I guess because there was a bias towards melting the low grade ones.