What's going to happen when...

E

Evan/tn

New member
Everyone is selling there common silver coins and they get melted. I would think that in a few years the collector value of common silver coins will start rising since they are being melted at an astonishing rate..... yes...no...maybe? :dontknow:
 
I always wondered if they are just kept in rolls or are actually melted? :dontknow: If they were needed in industry, then they are probably being melted, but it costs money to do that and I would think no one would spend the cash if it didn't get used right away. I don't know :confused: But if they are gone forever, you can forget about the mintages you see in the Redbook and eventually they will definitely rise in price. Just think... one day some kid will save his money just to get that first year Memorial penny after we melt all of them pennies too rofl
 
Lets hope so anyway as I don't have any plans to sell mine, I figure when my grandkids get old enough my wife can pass them along.
 
It's true that a lot of common silver is being sold, but I don't think all the buyers are melting the coins. I'm sure a certain percentage is being held back to see what will happen in the future regarding prices. There are still a lot of silver coins out there to be found. All it takes is a bit of research. :interesting:
 
Jeff (or) said:
It's true that a lot of common silver is being sold, but I don't think all the buyers are melting the coins. I'm sure a certain percentage is being held back to see what will happen in the future regarding prices. There are still a lot of silver coins out there to be found. All it takes is a bit of research. :interesting:
Click to expand...

You are right Jeff,,,,,,,It would boggle the mind to know how much silver is lying in the ground!!
 
if somebody offered to buy my silver coins so they could melt them down....................... i would spit some beachnut in that dudes eye. blasphemy.. trading history for petty cash is just flat wrong .. even if somebody had a valid argument to the contrary i would call them a liar, slap them with a white glove and challenge them to a dual.................... :ticked:
 
I seen a thing where they're saying silver's gonna hit $250 an ounce in 2011, I think it's gonna go up considerably but not that much probably but you never know.
 
i always thought it was wrong or illegal to deface currency. i guess i lived under a rock too long, somebody correct me.
 
zrickkid said:
The best was would be to look at what silver coin prices were before and after the great melt of the early 80s.
Click to expand...

Millions and millions of silver coins got sent to the smelters then. With the number of coins and other silver items people were turning in for cash, the coin dealers didn't have that much time to go through every single coin to look at rare dates. I had a close friend in the business and he told me melt value was more on some coins than the rarity value, so all went in to be melted. :shocked04:
It is presently illegal to melt copper pennies and nickel coins down.
 
This is a great question. :yes:

Yes, plenty are getting and got melted. However, keep in mind a very high volume get moved from one collector/hoarder/investor to another and another. I know I am saving more than my fair share lol thumbsup01 but sadly many are gone forever. crying01
 
You must log in or register to reply here.

Forum statistics

Threads
23,608
Messages
238,265
Members
3,803
Latest member
keyatt39
Back
Top