| Author |
 Replies: 20 / Views: 2,771 |
|
New Member
United States
10 Posts |
When purchasing junk silver, halves sell at a premium over quarters or dimes. But, the silver content is proportionally the same. Why the difference?
|
|
|
|
Valued Member
United States
338 Posts |
It only takes 20 to make a roll.
|
|
Pillar of the Community
United States
3184 Posts |
halves are much more popular
|
|
New Member
United States
1 Posts |
|
|
Pillar of the Community
United States
3343 Posts |
The smaller coins tend to lose more of their weight as they wear. A half that has lost 2% of its weight is worth more than a quarter that has lost 5%. The effect is seen in large quantities of coins, which are priced closest to bullion.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
|
|
New Member
 United States
10 Posts |
Thanks. Sometimes the obvious eludes me, other times I'm just a dummy...
|
|
Pillar of the Community
United States
1308 Posts |
Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet.
|
|
Bedrock of the Community
Australia
21786 Posts |
thq has the right answer as far as bullion dealers are concerned.
Edited by sel_69l
07/01/2017 4:33 pm
|
|
Pillar of the Community
United States
1695 Posts |
Quote:
The smaller coins tend to lose more of their weight as they wear. A half that has lost 2% of its weight is worth more than a quarter that has lost 5%. The effect is seen in large quantities of coins, which are priced closest to bullion. I did not understand any of this beyond the first sentence. It seems plausible that smaller coins gain wear more quickly, since more of the surface is touched in handling. The second and third sentences here confuse me. |
|
Pillar of the Community
United States
1499 Posts |
Quote:
Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet. The only reason for that the Chinese have not made "junk silver" Franklin half dollars is that they can't make a profit from them ... YET. If the flea market trade gets interested in them, get ready for the "Chinese Bens." |
|
Bedrock of the Community
Australia
21786 Posts |
A bullion dealer would simply weigh all coins of the same fineness to get the total ASW, and offer a price accordingly.
|
|
CCF Advertiser
United States
1533 Posts |
|
|
Bedrock of the Community
United States
94367 Posts |
thq - Thanks for this helpful info.
|
|
Moderator
 United States
54280 Posts |
Quote:
Same reason silver dollars bring a premium, nobody likes the small stuff. I'll take them all day long, at least the Chinese aren't counterfeiting them yet. The Chinese can find a way to profit from them, I sure. The reason the mint has suspended their mutilated and damaged coin return program is that the Chinese (through middlemen) were sending in TONS of counterfeit mutilated coins made in China and were still turning a profit! |
|
Valued Member
United States
89 Posts |
I like it all. But mostly collect halves and quarters for the silver content. It's interesting though, when you compare 90% to .999 bullion, the smaller fractionals sell for a huge premium compared to the larger coins. Exact opposite with 90%. I don't understand it
|
|
CCF Advertiser
United States
1533 Posts |
With fractional bullion the processing and minting cost needs to go somewhere. 1/0th oz and 1g rounds will sell at a large premium relative to 100 oz bars. The same is not true of coins as the government absorbs the cost and because they literally make the money, its hidden.
Edited by Andrew99
07/02/2017 09:08 am
|
| |
Replies: 20 / Views: 2,771 |
Posted 07/01/2017 12:51 am
