As the price of silver rises, does that mean that the price of a coin would also go up if it is coin containing silver?
Ok so if i have a 1972 ike dollar. The melt value is at $10.06, would the coin be worth more than that?
I'll put it this way I put a 1972-S Ike in the mail this morning that someone paid me $135.00 for. I all depends on the condition of the coin.
If it helps, think of a continuum. If the coin is only worth melt, then it changes purely with silver. If its worth 1.5 melt, it may go up half as silver does. If its worth 3x melt, maybe only 10% of silvers rise. By the time its worth 4 or 5 times melt value, then the value really has nothing to do with the PM value in it. My example is just a rough approximation, but that is approximately how it works.
