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 Replies: 10 / Views: 1,673 |
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Valued Member
United States
463 Posts |
With them being the lowest mintage of about 2.5 million and with them readily being available for a few dollars over melt I think now would be a great time to grab these up. What due you think, I already have a full roll plus a few in albums so bought another one http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MEWNX:ITnot high grades but a descent price of 14.25 per coin shipped not a bad deal being a key and melt at 10.67 I believe this is an affordable coin that one day might be worth more because of all the Franklin that have been melted over the years |
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Valued Member
United States
458 Posts |
I understand what you're saying, but I see way too many of these to think it would ever become a rare key date in my lifetime. So many to the point I don't even consider it a key.
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Valued Member
United States
458 Posts |
I think silver will continue to go up, and if you plan to hold and not flip it either way you'll be ahead in the long run.
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Pillar of the Community
United States
3278 Posts |
There are a lot of high grade '55 franklins out there but
it's over half a century old, a nice chunk of silver and low mintage.
I think you'll do OK but not make a killing.
I'm a big fan of the bald hippie.
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Pillar of the Community
United States
952 Posts |
I see a lot of talk about silver supposedly being melted......but I really wonder how much of the so-called junk or bullion stuff actually gets melted or does it just keep changing hands?
There are some nice low mintages on the franklins but it seems most of them got saved as well. I ended up getting rid of 20 unc orig rolls of 55-D washingtons I had too.......price was too god to pass up with silver rising at that time.
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Pillar of the Community
United States
2424 Posts |
i however disagree.
in the next 50 years or so I see the pre64 silver series becoming more and more scarce and sought after. good buy!
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Valued Member
 United States
463 Posts |
You never know what may be worth some more in the future, thats why instead of buying pure silver I would rather buy coins as they have two things going for them vs just bullion. Over the next year or so if silver would of skyrocketed up to 50 an oz lets say, lots of coins will get melted like in the 80s. I look at it this way its a good thing for you if others melt as it can only add value but it also destroys history/coins
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Pillar of the Community
United States
759 Posts |
Ah, the 1955 Franklin. That was a dream key coin and out of the average kid collector's price range when I was young. I can't recall the exact numbers other than when I did get my first MS one, it was less than half the price it was when I was a kid. Too many high grades were hoarded. I think what you paid is less than what is was then. I think you'll make some money but keep working if you want that oceanfront place in Maui.
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Pillar of the Community
United States
1213 Posts |
I agree w/ SD - I think the higher that silver goes, the more melting that will go on. At some point (10, 20, 50? years) the remaining silver coins will increase in value because there will be fewer of them available for the collectors that are out there.
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Pillar of the Community
United States
508 Posts |
Agreed completely okie / SD. That's why I'm keeping a nice chunk of my silver when I do finally sell it off.
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Valued Member
United States
371 Posts |
The much higher graded Franklins (MS-65 +) seem to command a much higher premium than in the 60-63 range.
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Replies: 10 / Views: 1,673 |
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Posted 01/11/2011 3:23 pm
