The Effect Of Gold And Silver Spot Price On Collectable Coins

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Author	Replies: 5 / Views: 1,281
PastExpiry Valued Member Canada 96 Posts	Posted 02/05/2020 12:46 pm I will refer to just silver spot price to make things clearer, but my question also pertains to the price of gold. Obviously if the silver prices goes up, the value of 'junk' silver coin will go up, but what about coins that have a decent grade? Is there a "base price" for a coin with a somewhat fixed numismatic price on top? Is it perhaps as simple as saying, "My AG3 coin is the junk silver value, while the numismatic value is a higher grade's (like EF-40) listed value MINUS the AG3 ?" It makes me ask why aren't coin values listed as "spot plus $X" I've always wondered about this, particulary if something dramatic happened like in the 1970s where the price of gold doubled in less than a year, and if I recall right the price of silver doubled in the early 1980s. Regards, PS: I am not concerned at all about grades above MS60 as I consider those values kind of like the wild west. Report this Post to the Staff

Ballyhoo Pillar of the Community United States 1613 Posts	Posted 02/07/2020 08:00 am Welcome! The value of a coin will always be determined by the market place. As I'm certain you are aware. As a decades long collector of U.S. coinage, and from my own findings, the value above market spot remains consistent. Looking over my records, which I'm meticulous about, coins which I bought in the early 2000's when silver held steady below $7.00 per ounce today's cost is almost identical percentage wise above the current. Again, these are my own personal observations. As to your question, I don't believe such a formula exists to track these. As you've mentioned, graded yes. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon Report this Post to the Staff
PastExpiry Valued Member Canada 96 Posts	Posted 02/24/2020 1:19 pm Gold went up $53 today (in Canadian Dollars). Glad I bought my St. Gaudens 2 weeks ago. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/25/2020 10:01 am Think of Oil Paintings. I mean expensive ones. Regardless of today's price of the Paint, canvas, wood for the frame, the old paintings prices don't follow those prices at all. Similarly the price of Silver makes little difference in the price of a 1916D Mercury dime. Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 03/04/2020 11:19 pm Quote: Obviously if the silver prices goes up, the value of 'junk' silver coin will go up, but what about coins that have a decent grade? Is there a "base price" for a coin with a somewhat fixed numismatic price on top? Is it perhaps as simple as saying, "My AG3 coin is the junk silver value, while the numismatic value is a higher grade's (like EF-40) listed value MINUS the AG3 ?" It depends on what kind of coin you're talking about. An XF Bust Half Dollar commands a significant premium over melt value, while an XF Franklin half trades for melt. Junk silver typically trades in terms of face value. Dealers typically buy small amounts of it from people over the counter, but when buying in bulk they buy $1000 FV at a time. Not sure if this answers your question, but junk silver is bought and sold differently than other types of silver bullion. Report this Post to the Staff
perfessor Pillar of the Community United States 927 Posts	Posted 03/05/2020 12:06 am When the price of silver rose dramatically in 2010 and 2011 to over $30 then $40/ounce the price of "junk" silver rose corresponding to the silver price. But it was my observation that "better" silver coins even though they also rose in price, they didn't increase at the same rate as the "junk" silver. At that time, I was only buying "better" silver knowing that when the bullion price would eventually drop (and it did, a lot) that the "better" silver coins would not drop as dramatically (and they didn't). So while there is no magic formula to calculate how much "better" coins will increase when bullion increases, it is a good idea to buy "junk" when the bullion is cheaper and "better" when the price is higher. Report this Post to the Staff
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