Spot Prices - Coin Community Forum

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Author	Replies: 4 / Views: 1,685
Libertad Pillar of the Community Canada 3692 Posts	Posted 04/29/2010 12:08 pm There are no stupid questions, only stupid answers, so I figure I'll be Confucian for a minute and ask. Spot prices. The way I understand it is, that coins will command a slightly higher premium than bullion because the the spot price is the melt price..? Correct? So it's worth it to sell silver coins rather than melt them at spot. ---is the way I understand it. Or how much do you get from melting silver and gold coins? Please correct my findings, if any. I might be pretty off, so I'd rather ask. Cheers! Report this Post to the Staff

Adam_E Pillar of the Community United States 4846 Posts	Posted 04/29/2010 12:14 pm if you are dealing with 500 junk Mercury dimes that wont ever be worth more than melt, then it would be easier to have a bar of silver rather than 500 dimes, it is illegal, though, and you might get more for the coins themselves rather than a silver bar. its like dealing with a 1921 Morgan dollar in AG-3 condition, sell it as junk rather than a bar, its the same thing. i think this is a stupid answer, though Report this Post to the Staff
Ugly Pillar of the Community Canada 1733 Posts	Posted 04/29/2010 12:21 pm I'm seeing silver Canuck coins selling under melt on the Bay and considering the percentage that they get and the percentage paypal takes I'm pretty sure you'd get as much or more for melt in many cases. The 1976 olympic coins I posted about are a great example. I can get more by sending them to melt than people are realizing as prices on auction sites. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 04/29/2010 12:35 pm A while back I was looking for the 1976 $5 and $10 for that same reason. Edited by Libertad 04/29/2010 12:36 pm Report this Post to the Staff
SeatedNut Pillar of the Community United States 2797 Posts	Posted 04/29/2010 12:51 pm Quote: Spot prices. The way I understand it is, that coins will command a slightly higher premium than bullion because the the spot price is the melt price..? Correct? So it's worth it to sell silver coins rather than melt them at spot. ---is the way I understand it. Or how much do you get from melting silver and gold coins? The reason coins sometimes sell for more than the melt value of their precious metal content is they have numismatic value to a collector. Common, well-worn (cull coins) that have little or no collector value rarely bring even full melt value. Of course there are those "Low-Ball" collectors who will pay insane premiums for an almost slick coin if they think they can get it into a PCGS P-01 holder ... crazy IMHO. Report this Post to the Staff
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