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 Replies: 28 / Views: 2,356 |
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Pillar of the Community
Canada
838 Posts |
I picked up 3 slightly tougher Walking Liberty half dates today for around melt (CAD$15 each): 1919D, 1923S, 1933S The 19D is only AG (at best) but the 33S is pretty nice, perhaps VF. By the way, as a buyer I feel today's high silver prices offer a great opportunity to buy otherwise more expensive dates like this! Luckily, I bought most of my "common dates" before silver broke out beyond 10x face. Now, I focus on finding the odd goodie for today's melt of ~30x face. Dealers seem to be just hucking everything into buckets these days. With both gold and silver, it makes sense to buy coins with a numismatic floor equal to today's melt. It's hard to go wrong. |
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Bedrock of the Community
Australia
21788 Posts |
I guess that current high PM prices have somewhat taken the focus away from silver coins that only have a small but significant numismatic premium.
As a consequence, it is worthwile looking out for such silver coins, not only U.S. ones, but for astute collectors all over the Planet to be on the lookout to add to their collections.
I also brings extra attention of the astute collector to copper / bronze coins that have some numismatic value.
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Pillar of the Community
 Canada
838 Posts |
sel: completely agreed regarding the copper/bronze coins.... As silver has risen, I've honed in on these "poor man's" coins.
In fact, I've recently been enjoying getting started on a low-end Australian 1/2d and 1d collection!
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Valued Member
United States
450 Posts |
Yes, I busted 6 modern silver proof sets and sold the silver proof coins
to a local dealer for their silver content.
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Valued Member
United States
450 Posts |
You wonder in 50 years if there will be scarce dates created by this silver craze ?
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Pillar of the Community
Canada
838 Posts |
I suspect so. I think some reasonably common dates will take a hit and eventually run away much higher than melt value. A lot of US silver coins that sell for melt have mintages only around 3 or 4 times that of the key ($100+) dates. Consider the 1937-S Washington quarter, for instace. In 10 years, it could be $50 in any grade. |
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Pillar of the Community
United States
3076 Posts |
if the price continues to stay at the current rates eventually the prices will be re-adjusted for the current trends, yet at the same time....if the prices readjust to above the silver prices, then one would think the cost of collecting would surpass the average collector....At present
those dealers can move almost everything in stock as in the past many had tons in the back room they couldn't move before.... Nice pic's by the way, it is a good time to collect some key dates for less ....
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Bedrock of the Community
Australia
21788 Posts |
With high silver prices, expect the more common and poorer condition silver coins to find their way to the melting pot over time. A lot of these coins will find their way out of the country for melting either by official or unofficial means. That is what happened to most of the Australian pre decimal silver coinage issue.
This will NOT make the higher grade and better condition more common, but what does happen is that they appear to be comparatively more common. The reason for this has to do with the fact that those who offer silver coins for sale will tend to only have access to the silver coins that were saved.
This condition has arisen in Australia, to the extent that poor condition pre decimal silver coins are rarely offered for sale, even as junk silver bullion.
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Pillar of the Community
Canada
3692 Posts |
Ancient coins are still collected, and so are relics and artefacts. I see no reason why there wouldn't be future keydates. Heck, maybe a 1964 Jefferson nickel may be worth something someday!.......Someday....... |
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Pillar of the Community
United States
2120 Posts |
I dont remember where, but I read about a guy talking about the 1964 quarter becoming a key date, after years and years of mindless melting.
Interesting thought.
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Pillar of the Community
United States
1151 Posts |
It does make ya think. That roll of 1945 Mercs that you are taking to the refinery, that might be the next 21 or 21s
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Rest in Peace
United States
9104 Posts |
Quote:I suspect so. I think some reasonably common dates will take a hit and eventually run away much higher than melt value. A lot of US silver coins that sell for melt have mintages only around 3 or 4 times that of the key ($100+) dates. Consider the 1937-S Washington quarter, for instace. In 10 years, it could be $50 in any grade. Same as a gallon of milk. How many peeps do you expect to start WHQ collections when commons are $50 per? Market mechanisms will kick in long before significant 37s, let alone 64 WHQ are unavailable. Washed my hands ands can't do a thing with 'em. Edited by biggfredd
09/20/2011 01:28 am
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Rest in Peace
United States
9104 Posts |
Quote:
Yes, I busted 6 modern silver proof sets and sold the silver proof coins
to a local dealer for their silver content. Why? Most likely because you've had them for a decade or two, and there has never been any collector interest in them, outside the few who bought them when they came out. Quote:
You wonder in 50 years if there will be scarce dates created by this silver craze ?
Absolutely not. Long before they become anything like scarce, sufficient high grade examples will be saved. Disagree? Name me an example or three of coins that were common before 1980, but are scarcer today. If anything, the opposite has happened. |
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Valued Member
United States
450 Posts |
Fredd,
I busted the proof sets because I bought them 3 weeks ago at below what I could get
for them in silver. Point being is that a lot of coins that are silver are going into the melting pot.
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Rest in Peace
United States
4849 Posts |
Quote:
Absolutely not. Long before they become anything like scarce, sufficient high grade examples will be saved. Disagree? Name me an example or three of coins that were common before 1980, but are scarcer today. If anything, the opposite has happened. Can you expand on this thought bigfredd? How can the opposite happen, and a coin become more common? I understand that since 1980, the internet has completely changed the availability of coins in the market. Any coin, common or rare, can be had now at the click of a button. With that said, that doesn't really make them more common, just more available....though in reality common coins are slowly getting more scarce with melting, misplacing...etc. |
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Valued Member
United States
315 Posts |
I do not see this as a growing hobby. I have been in a lot of coin shops. Not much crowd there to buy and the owner is older. Usually waiting to reach full social insecurity age, There are exceptions. But, the baby boomers are the main market, in my opinion.
I think as the baby boomers pass away, so will the hobby to a point. There are exceptions, but for every 10 collectors that leaves the hobby over the next 20-30 years, I doubt 10% of them are replaced.
I also see the 20 something collectors brushed off in shops. Those guys and girls are the future. I don't see coin shops taking them serious or worse yet look at them like they are in there to steal. Look outside. The kid pulled up in 30k car, he is in there looking to buy more than likely.
The investment side will be more robust, I suspect. People like something they can physically see and hold. But, that can be a bar or large rounds.
The net has gave just about everyone in the world access to collecting coins. These are the good old days. Sorry, but that is the view from what I see.
Maybe some shops are full of young collectors, but I don't see them. I hope I am wrong.
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Replies: 28 / Views: 2,356 |
Posted 09/17/2011 11:34 pm
