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Interesting Day At The Old Coin Shop

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Valued Member
Flook's Avatar
United States
172 Posts
 Posted 04/22/2011  5:29 pm  Show Profile   Bookmark this reply Add Flook to your friends list Get a Link to this Reply
i like the idea of you guys saying silver will (possibly) keep going up to close in on the 16:1 ratio of gold to silver, but does that mean people will be able to still have a nice premium on the ASE proofs?....i sat around too long and never got my ASE proof collection that I wanted to make I bought some a month ago for $55 each.....if silver keeps going do you think people will still be puting hefty premiums on these kinds of coins if silver were to hit say 80-90 an ounce?....or will numismatic values be obsolete at some point when silver is so high that even proofs will be at melt value due to the high prices?
Just looking for everyone elses insight because when I bought the proof ASE's there was a $5 difference between a proof ASE with orignial box and COA verses a bullion ASE......either way I understand the prices will rise per coin my main question is that does anyone feel that the value gap between collector silver coins and straight bullion silver coins will close at some point?
Pillar of the Community
junior e's Avatar
United States
931 Posts
 Posted 04/22/2011  5:59 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
Yesterday I bought two proof one ounce silver coins. One was a 2010 Proof Silver Eagle and the other was a 1994 Chinese Silver Unicorn. I bought the Silver Eagle because it was so beautiful and the Unicorn I bought more as an investment. My uncirculated Eagles would be the first coins to go if silver hits a crazy high price level. The other two I will keep in my collection because they are more unique. If you paid $55 whenever and I just paid $75 apparently the premium seems to be traveling along with the move in silver. Hopefully that will continue no matter what price level silver reaches. Either way, the Proof ASE's are a beautful coin to own.
Edited by junior e
04/22/2011 6:06 pm
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/22/2011  10:01 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
So, production is up, useful applications are down. Where is the demand coming from?


Ever notice vehicles, mostly Fords, with pink windshields?

That's an ounce of silver between layers of glass. Put an electric current to it, and it will melt the toughest ice, edge to edge.

How do you recycle it? You don't. If it was an ounce of gold, things would be different.
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