So If Silver Goes To 100$ Which Coins Would You Melt?

I think most people would sell them, I doubt any would sell them knowing they'd get melted. Probably sell the bullion if people were. No one is going to melt any Capped Bust coins.

I think most would sell to a dealer who operates on margin

1794 flowing hair silver dollar. Throw that right into the melter.

I wouldn't melt any of them, even ordinary bullion rounds and bars which have nominal if any numismatic value - they're saleable as is for their acknowledged silver content, so why go to the trouble? Remember, once you've made an unrecognizable ingot (or had it made) you then have to pay to have it assayed for it to be accepted for what it is. I don't see the upside in that process for the little guy. Some folks will be buying such to be melted down, but primarily that'd be going to refiners and mints wanting to issue new product.

Edit: I see the question was "refined" just before I posted. To answer that question, I suppose there's some bullion products and low grade coinage that could go away and not be missed. It's simply a matter of what the premium is for particular items.

I also wasn't paying attention to where this question was being asked, so I realize now that the question really is, "what {i}Canadian[/i] commemoratives and bullion products are hardly worth keeping for their aesthetic qualities or appreciation potential?" which really translates to "Which past RCM products suck?"

Incidentally, is the question being framed in terms of silver getting to $100 Canadian or U.S.?

I don't see any reason to melt "junk" silver coins as they sell now at spot pricing, as stated above, why take all that hassle? I could see NCLT which was purchased, and has less than bullion pricing numismatic value, as log as its over purchase cost.

But even then, if you are talking a 1 ounce coin like the O Canada series, why hassle yourself, just sell it like bullion.

I could see a large company who already smelts coins may start melting more coins, but I don't think there will be home smelters popping up.

All the Birds of Canada series.

No wait, they are NCLT coins. Like their denomination, PM content (and value) is only a small part of their numismatic value.

There is more to a silver coin than the silver in the coin.

I would get rid of everything that had no extra numismatic value...

at 1/4 ounce for $20... it then becomes profitable to sell off the 20/4/20 coins at $100/ounce. The 50/4/50, the 100/4/100 and the 200/4/200 are just at break even so I'd keep them a bit longer.

All of it so the RCM could start this fun all over again. I have a real feeling we will not see even 50 Dollar silver for a very very very lonnnngggg time!