Silver Coin Prices - General Question

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Author	Replies: 6 / Views: 1,980
Numister Pillar of the Community Singapore 631 Posts	Posted 01/31/2016 04:44 am Does anyone know historically does the silver spot price affect the price of silver/junk silver coin prices ? If for example silver goes to $50 an ounce, does the value of my junk silver coin go up to that much as well ? Or it's capped to its numismatic value ? * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

X2an Pillar of the Community Sweden 1078 Posts	Posted 01/31/2016 05:21 am Junk silver is called junk since it has almost no numismatic value. It just follows the silver spot price. Silver coins are always worth at least their metal value. Numismatic value is defined as how much above a coin's melt value a collector would pay. Report this Post to the Staff
Numister Pillar of the Community Singapore 631 Posts	Posted 01/31/2016 05:34 am Historically has anyone seen normal (not junk) silver coin prices surpassing their numismatic value solely based on their silver content ? Edited by Numister 01/31/2016 05:35 am Report this Post to the Staff
Spence Moderator United States 34410 Posts	Posted 01/31/2016 08:06 am Sure. Try googling the Pittman act of 1918. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 01/31/2016 08:46 am @ Numister: I would think some common bullion rounds could have no numismatic value at all, but could still trade at a small premium above their silver value. Similar for those who collect rarer silver bars. Report this Post to the Staff
Arkie Pillar of the Community United States 2637 Posts	Posted 01/31/2016 4:13 pm Quote: does the silver spot price affect the price of silver/junk silver coin prices Let me answer the question this way. When silver was $30/oz, I was buying AU Columbian and Washington/Carver commemorative halves for melt or near melt. Report this Post to the Staff
MontanaCMR Pillar of the Community United States 606 Posts	Posted 01/31/2016 4:32 pm I have had a tough time finding junk silver near spot. At my LCS, I have picked up walking liberties for about $13 per dollar. I haven't found as good of deal online. My guess is they will always hold a small premium (walkers, barbers, and mercs) Report this Post to the Staff
	Replies: 6 / Views: 1,980

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