It's all going to the pots.

I was at the the central states coin show yesterday and I walked by this trashcan and I had to take a picture of what I saw.

 

Log in or Sign up to hide this ad.

ALL RIGHT!!!
Maybe my 1960's coins will become valuable yet
There was the big melt in 1980.
(Did 1990 have a big melt during that spike?)

 

Cultural vandalism.

 

They are selling them empty boxes on ebay? Why would anybody want an empty proof box?

 

There was a time when I would've agreed wholeheartedly. But as someone who battles hoarding disorder, I've come to realize that keeping everything that anyone might ever want is a path to catastrophe.

 

Most of the boxes I can see were clad sets.

Chris

 

Heh thats crazy but it does take up space

 

I agree. I have kept all the mint boxes for the things that I have...but for right now I don't have that many modern products from the mint. I guess at some point...storage space becomes an issue and the box is the first thing to go.

 

People who own the coins but not the original box.

Historically, special-issue coins with the original packaging intact appreciate in value more than those without.

A Pan-Am $50 with the original case is worth quite a bit more than just the coin itself.

Of course, I'd be happy to own just the coin.

 

I have no problem with space. The coins go to the safe deposit box and the packaging goes into storage in a high dry place in the basement. I keep a very few pieces at home for display purposes. Never give up the packaging, it only adds to the value.

 

They look to me like proof silver dollar boxes mostly, which are going to be melted. The coins, not the boxes! Which I think is the intent of the OP?

 

I hadn't thought of that. But, I would imagine that the buyers probably paid a little over spot for the coins and intend on selling them to smelters for slightly under spot. If that's the plan, hopefully silver continues to rise for their sakes.

 

If it's at a coin show, I would imagine the buyers paid under spot -- enough under to lock in a tiny profit at current prices, gambling that there won't be a sharp drop before they resell.

 

Maybe your right, but I have yet to see any silver (let alone commemoratives) not carry a small premium over spot. Buyers seem to be gambling that the market will still climb and sellers need to have a profit margin.

 

They are definitely melting them. These were all boxes for 90% dollars. I saw hundreds of silver proof state quarter sets being broken up too.

 

I know it's a shame to destroy coins, but if they want to melt them, more power to them. It'll just make them more valuable to those that hung in and kept theirs.

 

.

 

Maybe there is a "silver lining" to this story.

 

U check to see if they missed any of the coins? Some of my best finds were from the trash.

 

Oscar The Grouch was a trash type of guy. I always liked him and his smug yet illuminative commentary. I think Oscar would be proud.

PS: Most of my former friends reside in the trash........