How Do Precious Metal Values Affect The Values Of Rare Coins

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Author	Replies: 4 / Views: 1,113
Pertinax Pillar of the Community United Kingdom 2133 Posts	Posted 01/29/2021 10:47 am In the front of one of my KM World Coin Catalogs is stated that valuations are based on the prices of $950 per ounce for gold $18.50 per ounce for silver. How does a rise or fall in the price of the metal affect the value of a coin whose numismatic value exceeds its bullion value? For example, the bullion value of silver is about usd 27 per ounce and the 2021 Red Book value of a VF20 1926 dollar is $28 (there's about $19 in silver value). Clearly, if the price of silver doubles, the value of VF20 1926 dollar will need to go up, but to how much? And, what happens to the price of a 1928 silver dollar in MS60 ( Red Book price $425) ? Does its price also go up and by how much ? Report this Post to the Staff

chafemasterj Pillar of the Community United States 6514 Posts	Posted 01/29/2021 10:55 am I am no expert. So take this with a grain of salt. In my humble opinion I don't think it would affect the cost at all. Once a coin has a high numismatic value the metal content becomes secondary. Let's see what the pros have to say. Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Report this Post to the Staff
Dearborn Moderator United States 95943 Posts	Posted 01/29/2021 11:37 am Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
oriole Pillar of the Community Canada 5240 Posts	Posted 01/29/2021 12:05 pm I think that for coins made of precious metal, my unproven opinion that when the metal value exceeds 25-50% of the sale price, bullion price rises will have an effect on the sale price. Report this Post to the Staff
chafemasterj Pillar of the Community United States 6514 Posts	Posted 01/29/2021 1:49 pm Quote: I think that for coins made of precious metal, my unproven opinion that when the metal value exceeds 25-50% of the sale price, bullion price rises will have an effect on the sale price. That makes total sense. If the value of the coin is only 25-50% of its value in base metal then the price would be reflected. Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Report this Post to the Staff
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