Hello,
I have been posting on this forum for about two years; typically, I just ask for help with attribution and show some of the things I have found buying coins in Rome, Italy.
I have been buying for about two years; over the past two months I have seen a fairly (delayed) response in the silver market.
Many times, I have entered a coin shop here and bought any and all U.S. coins - Peace, Morgan, dimes, quarters, halves, at melt. No premium or a premium just rounded up to the next whole number, ie KHDs for 8 euro. ASEs were about 25-28 euro - which varied with the FOREX to be $25-$31. Some coins had/have a slight numismatic premium, ie some shops sell
Peace dollars at 20-22 euro; of course some have worn common dates at 38-60+.
Over the past two months, I have noticed that premiums have been climbing and rivaling the high premiums in the U.S. from about 6 months to a year ago. For instance, ASEs are 31-38 euro now, KHDs are 8.5-9.5, etc.
One shop owner told me he sent A LOT of U.S. pre 65 coinage to the refinery for years . . . for years until I started buying him out.
Anyway . . . I brought a lot of U.S. pre - 65 coinage to the U.S. this summer and, comfortably in profit, decided to change for gold. I did realize on the trip back to the U.S. that 15-20 lbs of coins in a carry on bag is uncomfortable and, although it didn't, it may have caused some delays - although I was well under the legal limit.
I think I will continue to stack halves when I find them at melt and move away from
Washington quarters and
Roosevelt dimes. I still buy Peace and Morgans any time I find them below 30 euro. This has resulted in some better dates and some better coins, but also some culls and some cleaned coins, but still keeps it interesting.
Just some observations and thoughts . . .
R.
Posted 08/05/2023 1:58 pm
