Long Term Value On "modern" Junk Silver

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Author	Replies: 7 / Views: 2,193
LibertyEagle20 Pillar of the Community United States 1188 Posts	Posted 07/13/2015 6:35 pm Does the value of modern (post barber) coinage pretty much follow silver spot? For example let's say silver drops to $5 an ounce.. Will I be able to go pick up Mercs for .35 and Liberty halves for $2 (just a rough estimate of melt to get the point across)? Will only the high grades command a premium or would circulated still hold numismatic value in the case of silver prices dropping? Also what will happen when old timers who hoarded start passing on and the supply of these junk coins goes up (assuming their coins go up for sale)? Do you think the coin values will go way down? Report this Post to the Staff

pepactonius Pillar of the Community United States 9395 Posts	Posted 07/14/2015 12:20 am If silver dropped enough (below $1.40 per ounce), I suppose some of the earlier junk silver coins would be worth some percentage more than face value. Report this Post to the Staff
Scropper CCF Sponsor United States 702 Posts	Posted 07/14/2015 12:46 am Demand should drop, so prices for the lowest grades should mirror bullion pricing. The slightly more scarce coins will hold some numismatic value, but they will go down, too. Not to bullion, but down. Report this Post to the Staff
EconBrony Valued Member United States 336 Posts	Posted 07/14/2015 02:37 am The premium paid over melt on junk silver is an interesting one to follow. Many of the shows around here charge 2 to 4 dollars over spot for junk silver. If the supply of junk silver were to increase without an increase in demand the premium would dump and junk silver coins would of coarse drop in price as well. I can't see there being a large enough spike in supply of junk silver, in the near future, to have this happen though. Odds are the hording will continue until the price of silver rises high enough for people to want to start parting with their silver. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 07/14/2015 07:23 am If silver drops. My best guess is ... the junk silver boxes would have most of the same coins that they have today. And the price will follow the spot price, as it does today. If you go to enough coin shops you will see lower grade to mid grade Mercury dimes. Also low grade barbers and Standing quarters. The lower to mid grade Morgan's will also come down in price, but stay a little above the dime, quarter and half prices. If the junk silver bucket prices drops way down, then the prices of some collectors coins will come down too. But stay above the junk prices. The last couple years I am seeing some of the modern silver coins going in to the junk silver buckets. Like silver proof State Quarters and commemorative dollars. One's that have been broken out of their OGP holders. Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 07/17/2015 6:21 pm The time to buy these precious metals is when everyone hates them. It is true with all intangible and tangible assets. When you hear commentators making fun of "Gold Bugs" on TV it is time to start to buy them especially in coin form like a Saint-Gaudens for a couple of hundred over the spot price of gold. Of course, you are going to have to hold it for a while most likely. All these fantastic big silver coins getting cheaper and cheaper. Report this Post to the Staff
CopperCastle Pillar of the Community United States 1132 Posts	Posted 07/17/2015 9:54 pm I almost purchased a 1994 POW Commemorative silver dollar yesterday. I picked him up & flipped him over. Raw sporting a $40 price tag. Hardly "spot" LOL Report this Post to the Staff
Turbolag Valued Member United States 127 Posts	Posted 07/18/2015 12:50 pm Ive noticed that since silver dropped recently APMEX is actually selling their junk silver for MORE than it was when spot was at $16. I remember the $10 face value rolls would be like 125-135 and now they are on the APMEX site for $145. So maybe theres a higher demands when people think they can get a deal on it when prices are slipping, so they jack the price up accordingly Report this Post to the Staff
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Long Term Value On "Modern" Junk Silver