Should modern silver coins be submitted for restoration/conservation?

Somewhere down the line, after gold has doubled and silver has tripled, buyers of recent ultra-graded Mint products are going to have a rude shock. A scratched MS-61/details (if such a concoction exists) will be worth the same as a "70" -- bullion melt.

Five years ago, I didn't expect to find 90% "S" Kennedy proofs in rolls and bags, either, but I did. Now I've got over a roll of 'em. Same theory.

 

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I have that kind too. Thanks!

 

The spotting issue with modern silver does have me reconsidering if I want to continue to collecting these coins.

 

I'm assuming you're wanting to do this to preserve value. The question I have is, do modern bullion coins, even rarer issues, still maintain their value after conservation? Older coins are often given leniency after conservation for many reasons, but I'm not certain a modern coin would warrant the same respect. That is what I'd look into before spending the money involved. Otherwise you may be taking an environmentally damaged valuable coin and turning it into something worse.

 

As far as I know the only people that are aware a coin was restored are the person that submitted the coin for restoration and PCGS. PCGS does not share that information with anyone else. So, I don't think the fact that a coin has been restored would lessen the coins value.

 

I'll have to disagree on this one. If that were the case you would see the same thing today, but people do pay more for the rare coins and I think they will continue to do that even if the price of the metals doubles or triples.

 

We have never had classic hyperinflation in this country. Due to expansion of the money supply by many trillions of dollars, we will, and all silver and gold will become a commodity, valued by weight and by a convenience factor. Silver and gold will be the only real money; no one will really want to hold continuously-depreciating paper money over the long term as a store of value. That's why I buy junk silver -- not to trade like stocks, but to preserve the purchasing power of the assets I already have. I'm not selling off my good coins to buy precious metals, because I enjoy the hobby, but I do sell off as much "stuff" as possible, in anticipation that PM's might give my heirs a better life. It's the best gift I can give them. They are wonderful people, but clueless.

Where do they live, someone might wonder? In a State of Denial...

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Here's an easy number to remember = 26%, like 26 letters in the alphabet. Three years of 26% inflation exactly DOUBLES the price level, $1 to $2.

 

Yes, but I still think rare coins will hold their premium regardless of what the spot price does.

 

This is a great incentive for me to live another 10 years, to see who's right...

The really high-end 5-figure-and-up coins may maintain their price levels, but there will be 5% as many buyers as today; disposable income will not flow into collectibles and hobbies, but into security, privacy, food and fuel, health care, and other clear-cut absolute necessities, at least among the middle class.

The top 1%, and others who profit from the collapse of society by buying assets for pennies on (today's) dollar, may form some of the great collections of all time, just as a whim. Read about the middle class during the French Revolution. Follow the money.

 

The cans are filled with "compressors" which are mechanical devices that require lubrication. Its the lubricants that is in the compressed air which causes problems for coin surfaces.

Just like blowing on a coin to remove dust and what not will deposit small droplets of spit on a coins surface which will cause spotting.

 

Much of the 'compressed air' containers is really compressed gas, usually a fluoroethane such as HFC-152A or HFC 134-A. These are 100% gas and do not have contaminants unless you are using a 134-A with oil/dye/sealer intended for auto A/C units.