Pawn shops and silver coins.

I collected as a child with my grandfather and have his collection now and have added lots to it and hopefully my situation stays the same where I can continue to add it to it and pass it on. I know one day it will be sold and thats ok. But all I ask is that it be sold at a price I would be proud of.

 

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He's been collecting coins since the 60's and in the late 90's got really fed up with the US Mint and their premiums and he stopped buying from them. He's managed to put together a collection that most people would love to own. Over the past year or so I've gotten him back into it and he's started buying like crazy again. I'm 25 and haven't had this much fun collecting ever, me and him talk coins and look and buy a couple days a week. Over time, to me, my collection will do nothing but remind me of how many great hours I got to spend with him doing what we both enjoy. And that is worth more than money any day.

 

if they are about the money they shouldn't be melting them down!!! Not sure why you would ever melt a ASE or Franklin/Morgan that sells at more of a premium than a 10 oz bar. I guess the only exception would be in the case of "slick" coins.

 

What was the logic behind this if you don't mind me asking? They just didn't think it was worth the time to try and sell the coins?

 

What is the reason behind melting them anyway? I agree that it really grinds my gears, to destroy a work of art. But if you just want the silver why not leave it as is and sell it at spot value? Why melt, it just seems wrong and mire effort than it's worth if you're only wanting the silver.

 

This pawn shop was a large chain pawn shop so they were off setting their cost for the gold but if a mom and pop pawn shop was melting behind their own doors I think I would question that.