Rarity Of US Silver Coins? (How Much Supply Is Left?)

Ya, theyre not going anywhere... Everyday huge amounts of coins get liquaded back into the market, wether people deciding to sell or family selling passed on relatives coins. Not to mention the mere massive numbers minted and amount out there still circulating from collection/hoard/grandmas money jar... to the market and back, endless cycle. And look at the big companies with insane amounts, selling and buying them in bulk ( APMEX etc) Ya.... They're not going anywhere.. I definitely wouldn't be rushing to buy worried they'd be gone soon you've got plenty of time, lol... unless as mentioned, something were to happen.

The issue I feel is that silver is hovering around a low price we havn't seen since March of 2010 (which is a good thing, as long as your a buyer). Granted....it could drop back down to $5 low we saw in 2000, but I wouldn't put all my eggs in that basket. In April of 2011 it almost hit $50 per ounce. Imagine buying rolls of junk silver at those prices...

The worn common date coins have suffered quite a bit from melting in the silver price runups, IMHO.

Next 20-30 years we won't be calling any silver coin "junk silver".

Thanks guys, that helps a lot. I feel less anxious and know I shouldn't have an urgency to go far out of my way to get all I can as if they all will be off the market, or double spot price a few years from now. Now if only they would sell for at or right under spot like I've read people getting them at. I figured maybe this was new since the prices now are a few dollars above spot per oz, meaning that the demand is new and with no new supply, only a matter of time. But even a bit over spot I'm still now attracted to these more than bullion now.

I still have a general sense of urgency over the price of silver though. I hope it does stay low so I can still afford to buy. When silver's over $20 it's usually too much. Man what I would do to have it at $10 for a year!

Thanks again guys, I appreciate the help. Glad to be a new member. Aside from US silver I do have an interest in ancient coins, I just have no idea where to start; I don't know what I would even want yet. But if a 50 year old silver US coin gives me that euphoria looking through them and collecting, I'm sure coins 1000's of years old will be even better, and probably what I will end up collecting for non-silver content.

I'm not in it for the money. I just want to have a life-long collection and pass it down in the family later in life.

:)

"Ask yourself the other question - what conceivably would drive the price of silver UP?"

Well... start w/ this:
http://www.telegraph.co.uk/finance/...-surges.html

And now add others of your liking (least of which is elliot wave theorists seeing silver well over $50 by 2018 and beyond)... and the truth is; silver is cheap right here, right now. Take into consideration the escalating cost of production (picture a future OSHA in Mexico/Africa/etc. those workers want the life we and others lead no?) and the fact that there is actually an end coming (about 30 years or so) of cheap mineable silver and gold available to the world as we know it, http://www.marketwatch.com/story/in...d-2015-03-30 and now you have the real picture which will emerge, for most, in hindsight.

Since the ratio of Au to Ag is easily (outside the temporary Comstock lode type discoveries) pretty much 26 to 1,http://en.wikipedia.org/wiki/Abunda...th%27s_crust you can bet they, both of them, have a predictable life expectancy.... the easily mined stuff anyway.

But I digress... you've all missed the "sweet spot".
Forget the trash 90% coins albiet they're still silver and, certainly valuable. Think instead of the lower end, numismaticly viable coins. I brought this up in another thread but here it is again. I'm talking about Morgan 03 o's, 80s', 84 o's and so on that are slabbed in MS 62ish and there'bouts... the list is endless. Grading will not get any cheaper no? So here w/ silver at/in the 16s, you can buy a coin, w.7735 of an ounce of silver, for $35 bux; $15 to 20+ shipping of which is grading costs! You are getting the graded coin for less than $20 bux! Add .50c graded coins to that equasion and it's a winner no matter how you look at it.

BStrauss3, please take no offence:

edit: "They claim that "physical" demand of 1081.1 million outstrips supply of 978.1 million ounces, but that includes 245.6 million ounces of coins & bars, which doesn't consume silver, just moves it around."

If you knew the degree of manipulation in which the CBOE engages daily you wouldn't take that so lightly. I'm no conspiracy theorist but can say w/ some degree of accuracy that "if" Ag contracts were to be called in/taken delivery of to any great extent; they would have to close the exchange. What a pretty picture that'l be.

Silver prices are still going down. And soon enough China will probably make even more of our coins in real Silver so we could all get a lot more.

Answer: Too much