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 Replies: 15 / Views: 1,097 |
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New Member
United States
9 Posts |
If the price of silver rises, does the price of key date silver coins rise with it? I have many BU roosevelt key dates. If the price of silver went to $100 an ounce, would a BU 1949S still be worth $40?
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Valued Member
United States
250 Posts |
In my opinion, the answer is no. Key dates, such as the 49 and 50 S are not tied to bullion
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New Member
 United States
9 Posts |
So what does make the price of key dates rise? Just time and demand?
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Valued Member
United States
288 Posts |
I would venture a guess that as silver rose to $100.00 an ounce people would be selling their in-laws to get to the silver value that is in their teeth. Thusly it would probably heat up interest in Rare coins as well, pushing upward their values to some extent. Dentists would also probably be driving new rides. Gusp
Edited by gusp
02/20/2008 11:55 pm
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New Member
United States
16 Posts |
I am not an expert but I don't think their would ever be a time you could get 1949-s at the same price as 1964-D because silver was the same. the 1949-s would still be worth more and would sell for more how much more I am not sure?
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Pillar of the Community
United States
581 Posts |
All roosevelts and almost all Walkers, Franklins, Kennedys and Washington quarters will follow the price of silver at little or no premium unless the price of silver drops a whole lot. The "common" coins of these series simply don't have much numismatic value. The keys are different, but the price of silver is not going to affect the price of the 1916D mercury, for example. |
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Moderator
 United States
187702 Posts |
I would like someone who is an expert on US gold coins to answer this... How has the recent run-up of gold affected the values of key dates versus common dates in those series?
It would be good to know how key-date prices were affected the last time silver ran up. Of course, there might be other factors to consider (demand for the key-dates then might not have been a high as they are now).
I would think that the melt price would have some affect, but only by adding the change in melt value to the numismatic value, not multiplying them.
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Pillar of the Community
United States
533 Posts |
quote:
It would be good to know how key-date prices were affected the last time silver ran up. Of course, there might be other factors to consider (demand for the key-dates then might not have been a high as they are now).
I would think that the melt price would have some affect, but only by adding the change in melt value to the numismatic value, not multiplying them.
Isn't this why so many Morgan and Peace Silver Dollars were melted down in the 80's? Because the coins were easy to find and contained way more then 1$ in silver.? |
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Moderator
United States
187702 Posts |
Very well could be... but I am in now way an expert on either Morgans or Peace dollars. I only only have three: one each (Morgan and Peace) in my 7070, and a Peace dollar my grandfather gave me (his old pocket piece). But the question is, when silver ran up, how did it affect the key-dates for them, if at all? |
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Member
United States
3242 Posts |
46-s thur 50-s & 51-s are key dates the lowest mintage of the Roosevelt's dime is 50-s
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Bedrock of the Community
United States
20753 Posts |
Sounds like comparing Oranges and Apples. For one thing the price of Silver is per Ounce. Note the Dime you are refering to is 0.07234 of an ounce. This means you would have to have 14 of them to make an ounce if all in MS grades. As a coin is worn is looses some material so older, worn Dimes would probably require 15 to make that Ounce. Therefore 14 1949S Roosevelt dimes would be worth 14 x $40 or about $560 for coin value and $100 for just Silver. Does this make CENTS? |
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Valued Member
United States
143 Posts |
rhino80, hold on to your key date roosevelts and don't worry about silver price with key date silver in any denomination. It's been my experience that key dates appreciate over time, many semi keys also while the common dates pretty much hold steady unless there is a big fluctuation in the bullion price.
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Forum Mom
United States
5877 Posts |
Jbuck, though I am not an "expert" in gold coins, I can tell you that, overall, the price of better date gold has only been affected slightly by the rise in bullion price. Common date gold has risen very appreciably.
I am basing this opinion on my own sales. I have sold some nice Carson City gold and those prices seem to be pretty stable.
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Moderator
United States
187702 Posts |
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Valued Member
United States
328 Posts |
The price of a coin SHOULD at least match (and usually go over) the coin's bullion value. Roosevelts don't contain much silver.
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Valued Member
United States
168 Posts |
i wouldn't see that there would be much of a increase in the coin value b/c of a date issue...however I would think there would be some increase in interest which would in turn help the value, but probably a value of popularity and not neccesarily what the coin makeup is valued at. popularity value can sometimes be very incosistent which would help if you can take advantage at the right time, but then it turns into "what's the right time?"
overall, I would speculate some impact, but not as great as we would hope.
i love the idea of silver at 100 bucks an ounce, i'll be looking for a shooting star tonite..hehehe
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Replies: 15 / Views: 1,097 |
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Posted 02/20/2008 11:43 pm
