Oddly enough I've seen very little effect on coin prices due to this fast increase in Silver prices. I think most coin dealers and collectors are aware of what goes up must come down or so they say. Coin prices are seldom based on Silver prices. It still is a quantity, condition, availability, etc thing for coins. I've noticed that people selling Merc Dimes in bulk due to common dates are still in the $1 each area which has been the same for some time now.
Only thing I've noticed are bullion coin prices. Other than that not much has really change (that I've noticed). I'm still picking silver coins out of the 50% off boxes......got to love making $4 profit on a $2 coin considered "junk".
The 90% and 40% Kennedy Halves are going up if you sell them for bullion value...a direct result of the silver spike.
Kind of reminds me of a local flea market that is open Fri, Sat & Sun. One guy there has a tray of Merc dimes every week. Sells them for $1 each. Has been doing that for a few years now. Still $1 each as of last Fri.
Just stand ready for the launch of the silver ETF..IMO that's causing the recent run on silver. I'm hoping the price continues to climb, but I planning to sell at the launch to lock in the profits$$
Think about what you just said for a second. Why would silver (BULLION) rises affect the numismatic value of a coin?
The talk is that Silver prices will go through the roof this year and continue to rise in 2007! Hey, Warren Buffett believes it and the word is that he just invested 4% of his' total worth into Silver. That has to be several million ounces of Silver taken off the market that will result in a continued rise in prices. Gold continues to rise due to oil prices going higher and higher and the jitters over Iran's nuclear program and Silver always follows suit. Therefore, if you can still purchase Silver at a decent price, then the experts say to get in! I have been purchasing as much Silver as possible but each person has to make their own decision as to whether it is a good investment for them and whether they can afford it. On another note, yes the numismatic value of coins will eventually be affected by the rise in Silver prices! However, the numismatic value is very slow to react to the rise in Silver prices and always stays well behind the value curve. Bags of common date Silver Dimes, Quarters, Halves and Silver Dollars are a great investment if you have them or can still pick them up at a bargain. Happy bullion gathering! Frank
Some silver analysts believe Buffett's silver has already returned to the market in the form of leases. These transactions will eventually be settled in cash, not physical. If this isn't true [he isn't talking], Buffett's 129million ounces represents about two and a half months of supply in a world with an enormous developing shortage. He is also intelligent enough to sell into strength, not weakness. The silver market is tiny compared to most others even though it appears large to coin collectors. In fact, there is actually less above ground identifiable investment grade silver reserves in the world than there is gold. If silver becomes popular again with institutions, Buffett's silver won't change the price more than a cent. Of course, a lot of this is speculation until it happens. I expected silver to rise, and I'm happy it is rising, but I would have been happier if it rose a couple of years from now instead of now. I would have liked to accumulate more of it. But silver is so volitile that it wouldn't be unusual to see it drop $2-$3 before moving up to the next level.
" expected silver to rise, and I'm happy it is rising, but I would have been happier if it rose a couple of years from now instead of now. I would have liked to accumulate more of it. But silver is so volitile that it wouldn't be unusual to see it drop $2-$3 before moving up to the next level." Oh, Please, Please drop $ 2-3......I'll buy more,more.:eat:
Now I wish I had invested more in PLat and Silver qwhen I started investing in 2002!! (Plat was at a 5-yr low in Oct 2001 and silver was very low as well... I have an ounce of each!)
