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<p>[QUOTE=&quot;Detecto92, post: 1604407, member: 75105&quot;]As of writing the melt value of a silver dollar is tad under $24.</p><p><br /></p><p>Looking on eBay, they always seems to bring $34 on up. I&#039;m not talking MS ones, but worn down, cleaned, etc.</p><p><br /></p><p>Now I could see paying a premium for really old cull silver coins, like capped dimes, seated halves, etc.</p><p><br /></p><p>This is because there were not as many of them made as Silver dollars.</p><p><br /></p><p>After even being melted, there is an estimate of 400 million silver dollars out there. By no means is the common series of Peace and Morgan rare.</p><p><br /></p><p>So we have ruled out rarity.</p><p><br /></p><p>Now some people might argue that silver investors buy them. But when your buying silver, who in the right mind would pay a $10 premium for junk silver? Not when silver rounds can be had for $2-$5 over spot. Silver investors would just buy halves or quarters, where there is a very small premium compared to silver dollars.</p><p><br /></p><p>So we have thrown out rarity and invest-ability. </p><p><br /></p><p>All we really have left is collect-ability.</p><p><br /></p><p>Now we all know the rule of supply and demand. Low supply= high demand, vice versa.</p><p><br /></p><p>So there are plenty of silver dollars to go around. If you knew the true numbers, there might be enough to give each man, woman and child in the US 2 of them. </p><p><br /></p><p>But let&#039;s get more specific.</p><p><br /></p><p>If we remove people 10 and under from the Census, because most kids 10 and under are not true collectors, and remove all but 5 million females, for female collectors, that leaves us 134.64 million people.</p><p><br /></p><p>Now we need to estimate how many people collect coins. 1 in 10 sounds like a fair amount.</p><p><br /></p><p>So that leaves us about 13.4 million collectors. </p><p><br /></p><p>This is a very broad sense of collector, from the serious to the HSN shopper. </p><p><br /></p><p>So there are enough silver dollars to give every &quot;collector&quot; roughly 29 of them.</p><p><br /></p><p>The above is a little detailed, but it&#039;s math that shows that there is &quot;plenty to go around&quot;.</p><p><br /></p><p>So we have ruled out rareness, investability, and collectibility. </p><p><br /></p><p>So what is the true answer? Why is there a $10 premium on silver dollars? Now the $10 premium is with eBay.</p><p><br /></p><p>If we turn to a large scale dealer, like apmex, a Good grade dollar, which is what must people would want, sellers for 32.67 each, a premium of $9.25</p><p><br /></p><p>Compare this to a common silver round, which the cheapest I could find has a premium of $3.07.[/QUOTE]</p><p><br /></p>

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