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 Replies: 8 / Views: 2,629 |
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Valued Member
Canada
220 Posts |
Curious topic, of the 50 million or so Canadian silver Dollars minted from 1935 to 1967, has there ever been an estimate of how many were melted down over the past 50 years?
Thank you for your replies
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Pillar of the Community
Canada
4911 Posts |
very interesting topic  Feel free to call me Will.
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Pillar of the Community
Canada
3234 Posts |
Next to impossible to estimate seeing as they are being melted each and every day of the year..
You see the daily adverts for gold and silver etc....and nearly everything goes into the melting pot..
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Pillar of the Community
 Canada
5394 Posts |
I disagree. I am willing to bet that well over half of all the Canadian Silver Dollars minted still exist.
Large shiny coins tend to be put away for posterity. With minor exception they never really Circulated to any degree.
Sure there has been melting since the 1970s , but there are still lots of Dollars around.
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Pillar of the Community
Canada
5324 Posts |
That is why common date silver coins are only worth melt
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Valued Member
Canada
127 Posts |
I believe Pac is right for the most part, even common date silver dollars in high MS graded usually get cherry picked and set aside by most refiners and are sold off to a couple of their large contract clients at a small premium.
Impossible to say for sure. My melt records would tell me within a few silver dollars how many I have personally melted down. I can say I personally have melted down 25,000+ in my own furnance so they can be taken off mintage lol.
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Pillar of the Community
Canada
5239 Posts |
I think that very few are being melted now. Certainly my LCS has no trouble selling them for melt, as they go fairly rapidly.
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Pillar of the Community
Canada
3234 Posts |
Quote:
..even common date silver dollars in high MS graded usually get cherry picked and set aside by most refiners Sounds fair enough to cherry pick the high MS's out..but how would a person dropping off 1000's of used silver dollars and other silver coins know that they aren't melted when they're travelling to the pot. .. I would hope that the high MS's are kept out but I wasn't talking about high MS's.. as they should be in the minority.. I melted a lot of it a few years back at the high price (gold was $ 1841 then) and naturally none were high MS. All of the people that I know that collect for melt do actually get it melted.. except for their very few cherry picked pieces..So I guess that we can guess the %'s all that we want.. |
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Valued Member
Canada
343 Posts |
Interesting question and one almost impossible to verify. I have wondered the same about the 1967 $20 gold piece. I know for a fact that a good number of them have hit the melt bucket - but how many will likely remain a mystery . . .
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Replies: 8 / Views: 2,629 |
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Posted 10/06/2017 10:25 am
