Are You Coins To Good To Melt? What Price Do You Sell ?

thats what happened back in the 70's and allot of Morgans were melted because of it. The coins were worth more as bullion than they were in coin form and we have all paid the price for it now even though there are still plenty of Morgans left, I have often wondered how many VAM's have been melted into oblivion never to be discovered. But to answer your question, I am not in it for the money so I don't really care what the market does. I will never sell my collection for the bullion so they can be melted

Never! I kid myself that I am a numismatist, or at least a coin collector.

With silver at $50 to $60 per ounce, I would still keep my coins, except the genuine scrap silver ones, which I would convert into coins for my collection. At that price, you still have to find your buyer.

If I wanted to trade in silver, I would do that, but I would have to know the silver market, which I do not.
Remember, if silver rose suddenly to that sort of price, it WILL fall again.

When I was a kid, I used to collect scrap copper, and sell it to a scrap metal merchant. I didn't know anything about spot copper prices, I just received money for whatever I sold. That is how I got my pocket money. As a teenager, the scrap copper money was used to buy coins that I became interested in.

In the long run the coin collection that I built up increased in value much more than the copper that I collected as scrap.

I think I will hold onto my stuff. Except for 40% Kennedy's, which I have all I want. The more everyone melts their common, read junk silver, the more mine will be worth in the future. I have seen the retail price of low grade Merc's double in two years, from $1 to $2 and low grade Morgans are up approximately 35% just because of the run up of silver.

The last two comments point out part of my reason to hoard. The more they do get melted, the more mine are worth.

In this day and age, I believe silver would have to go over $50/oz for us to see much melting of silver dollars other than culls or damaged pieces. Regular 90% junk silver is different though.

I am bullish on silver and think we'll see $40/oz in the next 2-3 years but don't see $60/oz silver in the near future. So to answer your question: I will hold onto unc. silver dollars but below AG condition would let them go.

P.S. It would be interesting to know how many silver dollars have been melted in the last 50 years vs. the first 50 years of the 20th century.

nice to see the comments of collectors

Yea I was thinking the franklins, roosies, 50's 60's common washingtons as the main uncirculated coins to see the melt down, they dont have any real key dates for those years .
Like someone mentiones does not seem to be in short supply with the massive mint numbers

Melt for a franklin at $40-$50 a ounce would be $20-$25 for a uncirculated franklin , pretty tempting to sell off your collection of common mint coins if someone offered you full spot

Then if silver falls back dowbn to 15-20 a ounce in a few years you could buy back your entire collection at half the price or even less.

With inflation factored in at 4-6% over the last 30yrs not inclusing the run ups and fall offs but the 10 yr average for each decade 80's 90's 00's , economist say that silver is underpriced and once the market stablizes it should be 15-20 a ounce for the next 5-8 years with minor fluctuations.

So the high graded common mint stuff, ms-63+, deepcameo,semi cameo,proof like , most would keep
But I a common 1964 washington quater at 50x face = $25
Then silver falls to $20 a ounce that quater would not sell for $25 on the market

But the long term collectors hope that the melt if it happens agian will remove more pieces from the market and make the pieces that survived worth even more

Well as for me I will not send any of my coins to the melting pot. If it go's like it did in the 70's even my "JUNK" (never have liked that term) will have an increase in collector value. Hold fast! Preservation first, value second

Coggie