Silver Dollar Collectors:any Concerns About $100 An Ounce Silver, Inflation?

Strange times is right. I just don't see metals moving much higher. I was reading reports from miners and their production estimates. They should keep up or exceed demand.

Good question. People flock to fear when something unexpected happens. Fearful people flock to precious metals and coins. Additionally, covid has allowed people to get back into coin collecting. A combination of those factors has increased the prices in portions in numismatics, as seen in the silver dollar department.

But, what goes up must come down. I personally can't see $100 silver anytime in the near future. I believe the 1921 Peace dollars will drop in price, and things slowly going up in price due to inflation. The price of silver has been steady lately, and seems to be at a healthy balance.

The monetary reset has been happening in many countries over the years, but I don't think it will happen in the United States soon. There needs to be something done about our system, but it is not out of control at this moment.

Fear sells, so sometimes you have to look from a broad perspective and think long term.

The underlying silver value will always have part influence on numismatic premium value silver dollars.

If the pandemic couldn't get silver to $100 (or even to $40-$50) I'm not sure there's anything in the universe that could anymore short of rampant, massive speculative buying of silver positions, Hunt-style. Perhaps the entire exhaustion of silver ore supplies worldwide, but that's unlikely in the extreme.

The rare coin market has been strong lately, but the correlation with spot metal prices is tangential at best, and mostly affects bullion issues and junk silver.

One of my co-workers is a fairly large bullion buyer, stacker and seller, and a silverbug to the core, and even he does not see silver at $100 anytime soon. Both of us were strong buyers back when it was sub-$15 an ounce and at $25 it's profitable enough to warrant selling in quantity. That alone helps keep prices down a bit (profit-taking.)

Silver's primary value in a major (doomsday) crisis is in its intrinsic value as a medium of exchange/store of wealth to purchase more useful goods (fuel, medicine, food, water, shelter, power, and ammunition.)

The prices will be going down I think.

From my observations 50 years of numismatic collecting, I have found that there is definitely a loose connect between coin prices generally, and bullion prices generally.

Ancient gold coins for example, have two components that make up their total price:
1. A gold value, which cannot be ignored, that is very much the minor component, and
2. a numismatic component, which makes up the almost all of the total value.

As with the example above
with a scarce Morgan in MS++ grade, the silver value (which also cannot be ignored), makes up only a very minor component of the total value.
Obviously, the numismatic value will be very much the major component of the total value.

Also obviously, a common Morgan in a lower grade (say, EF), the silver value will make up almost all of the total value.

In a market that covers all Morgan dollars, the proportion of numismatic value versus silver value has to be determined for each individual coin, to explain to oneself how the total value must be arrived at.
This determination of value is part of a learning experience for all who collect Morgan dollars and for numismatics generally.

Key date Morgans are valuable by date and mintmark, so a coin such as an 1893-S, 1895, etc. would not gain much value from $100/oz. silver as even the most worn examples are worth multiple times that much.

The impact on common dates and bullion-grade coins would be quite noticeable. At $100/oz. massive melting for profit-taking would likely destroy hundreds of thousands or more coins. Most folks would cash in on any silver they could get their hands on, and the sudden glut would definitely have a damping effect on the silver markets, bringing prices per oz. back down. We saw this quite a bit in the late 70s and early 80s before the Hunt crash. Even coins with numismatic value were being melted down, along with hallmarked sterling, heirloom pieces, jewelry, and anything/everything else. If such an event were to happen again, it might create additional scarcities among formerly common-date coins since they would be the most available to obtain and melt down, but that's wildly speculative.