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The Coin To Metal Ratio

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Ballyhoo's Avatar
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1613 Posts
 Posted 12/14/2025  12:24 pm Show Profile   Bookmark this topic Add Ballyhoo to your friends list Get a Link to this Message Number of Subscribers
The technical term eludes me at the moment, so I'll get to the point. With silver north of sixty dollars per ounce and the massive rush to sell a few things beg questioning. At what point does silver based coinage rise to match? For those of us collect pre-1964 coin the current prices, at least from my perspective, don't seem to have risen much at all. If memory serves, I remember the 1982-83 silver boom when these average coins shot up almost as fast. Back then, there were no silver commemoratives and much fewer bullion round/bar suppliers so quite a few of the pre-'64 were confined to the smelter. With these two new sources available (and popular) I would think junk silver has taken much less of hit this time around adding to the inevitable. In short, at what point do older silver coins reflect the rise?
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Portugal
655 Posts
 Posted 12/14/2025  1:37 pm  Show Profile   Bookmark this reply Add jecz79 to your friends list Get a Link to this Reply
The silver rise was much sharper then.

I have seen more historic gold being sent to melt than silver these last years. Not just coins. Also nice unique works from 17 and 18th centuries goldsmiths going to melt. Silver recycling has always been more common. It shocks me less.

About coins I expect that many recent silver and gold commemorative coins will go to melt. Silver especially because it tarnishes easily and when the proof coins get ugly what else to do to them that send to the foundry? Few people care about old commemoratives even when they are shinny. Those coins are the new junk silver.

Older coins, were they not more expensive than silver is now? The ones in good condition. Speaking only for old european coins, that I know better, it would have to rise a lot more to affect them. I am not expecting to see that happen.

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Dearborn's Avatar
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94666 Posts
 Posted 12/14/2025  5:20 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Following the Market crash of 1980, known as "Silver Thursday" The silver prices reached a low point, when the Hunt Brothers tried to corner the market and drive up the price to $50, but they failed to meet a margin call, and the price crashed by over 33% in a single day. Ending at about $5 per ounce by June of 1982 due to the worldwide recession.

There was a renewed interest in silver in late 1982, investor interest in silver increased, leading to a price rally.

I think that the crash followed by the rally cause the sharp increase in silver coinage then.

We did not see any crash followed by a rally so investor interest has not changed much.

But, I wonder if the market will correct itself at some point and silver will drop drastically.
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1227 Posts
 Posted 12/15/2025  03:53 am  Show Profile   Bookmark this reply Add I6609 to your friends list Get a Link to this Reply
Dearborn at some point the market will do a correction but it won't fall like it did in the 80s there are different forces behind this push.
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jbuck's Avatar
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 Posted 12/15/2025  09:43 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I predict that the eventual correction will be unable to get it back below $50.
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Ballyhoo's Avatar
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 Posted 12/15/2025  1:20 pm  Show Profile   Bookmark this reply Add Ballyhoo to your friends list Get a Link to this Reply
My thoughts as well Jbuck. Around $55 for at least a few year stretch if the past ten are any indicator.
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jbuck's Avatar
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187544 Posts
 Posted 12/15/2025  4:33 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Around $55 for at least a few year stretch if the past ten are any indicator.
I can see that.
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