Will We Ever Know How Many Silver Coins Were Melted Down - Page 2

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Author	Replies: 19 / Views: 11,053	Page: of 2

M0nks Pillar of the Community United States 1770 Posts	Posted 06/25/2012 4:20 pm i recall reading somewhere there used to be about 12 billion tons of silver and now theres only 200 million tons left - wish I had a few tons haha Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 06/25/2012 7:28 pm No sir, I don't buy it. Why on earth would a dealer or even a pawn shop sell to a refiner, when they stand to make more $ selling to investors? Even my local dealer can't keep inventory as it goes out as fast as it comes in. Maybe in the past, but not within the last few years. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 06/26/2012 10:18 am Quote: My smelter claims that he never melts coins, and that he saves them up and sell's them to a coin dealer. I think that somebody who owns a refinery would have good knowledge on coins, enough to know not to scrap them. Naturally they would say that. To many do not know the laws and just say anything to play it safe. At a flea market by me a jewler has a note on his counter saying I buy Gold and Silver Coins for making jewlery. He well knows there are no coin police, at least at flea markets. Quote: No sir, I don't buy it. Why on earth would a dealer or even a pawn shop sell to a refiner, when they stand to make more $ selling to investors? Because many pawn shops take in rather not so legal stuff. To take the chance of getting caught trying to sell that, they just dump for the metal value. Easier and safer. Edited by just carl 06/26/2012 10:20 am Report this Post to the Staff
M0nks Pillar of the Community United States 1770 Posts	Posted 06/27/2012 7:44 pm these dealers wouldnt make any money if they just bought everyones collection and just put all the coins in the back - its not like everyones rushing in to pay way over melt for the prices they put on these coins for sale Report this Post to the Staff
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