With the parabolic ride in the price of Silver there has not been much of an increase in Silver Commemoratives, and many are selling at their melt value. Spot silver has broken $35.60/ oz and individual billion ASE are selling at over $40. :hail::hail::hail: Will commemoratives have any value above their silver content in the future? If yes, when would you expect the catch up to begin?
They are a tough sell, I had a complete set PCSG MS69 plus the last few yers were MS70. I did finally trade the set for some gold just before the holidays
Since I stopped buying the commems from the Mint, I've decided to sell all of mine. I have 72 of them going back to 1986 all in the original packaging, and Shane will start listing them on his eBay site this weekend. Chris
why sell those modern commemorative?. specially those you care for many years and came with complete certificate of authenticity and nice box. remember u.s. mint offered price right now is $54.95. that price was set when silver is at $28.00 per ounce. now silver is $35.69 an ounce. if u.s. mint offer today. the price for proof modern commemorative will be $67.95 each. same thing with ASE proof. mint offered last at $45.95 each. and it was based on $22.00 an ounce. now at $35.69 an ounce. when they offer it today. the price for ASE proof will be $73.33 each. see when you buy the next upcoming issue from the mint. it will be very expensive. currently the dealer's buying price for single piece common modern commemorative silver dollar is around $1.50 to $2.00 below melt value. and $1.00 below melt when it is plenty. and selling them for single piece at around $31.00 and many pieces at a lesser price. the maximum single piece retail price as of today should be $35.00 each. online dealers sell lesser than $35.00. but others might sell above $35.00. like they bought it from online dealers and re sell them with heavy ads.
Most commemorative coins don't have the bullion content stamped on them so they're harder to trade. People like bullion that is well known and defined (ASE"s, junk silver).
If they don't know the silver content of US Commems, they must be the sort of people who call medals, "coins" and prefer their coins "stamped" rather than struck. They are also likely to be the ones who think they have a mint error when they find a Morgan dollar with no mintmark. Chris
I agree with your logic. Most people who invest and know at least a little bit about silver, know roughly what 90% silver is trading for. As much as ebay gets cut down in various threads on CT, I have to say selling prices for 90% silver are pretty consistant.
Same silver content as a Morgan or Peace dollar, and yet, junk Morgans/Peace's will sell for more. If you have the chance to pick them up at a reasonable price my advice would be "go for it". They had a bunch of modern commems at a show I went to today and one guy wanted $22. No mint box, no COA, just the plastic holder. That's five and a half bucks under melt. No takers......so I took a few.
There's a lot of stuff getting "left behind" as silver rockets up in value. I see these as opportunities. Take a look at silver proof sets, there are a lot of these going for below melt on eBay.
