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<p>[QUOTE=&quot;NPCoin, post: 135873, member: 5629&quot;]Silver is simply correcting to its actual market value.&nbsp; What we saw with the spike was not warranted, IMHO.&nbsp; It is now stabilizing and will sit near $12 throughout the rest of the year.&nbsp; I would really be surprised to see it go under $11.25 for more than any two day period from here on out.&nbsp; One thing to remember is that eventhough there may have been a small increase in interest over the past few years in coin collecting, there has been a far greater increase of interest in items that are considered to be purely numismatic and not meant for trade or circulation, such as the Mint/Proof sets, government issued bullion, commemoratives, etc.</p><p><br /></p><p>I personally do not come across so many people that are delving into collecting older circulated/uncirculated legal tender issue as I find those that are &quot;getting all into&quot; the &quot;new craze&quot; of purchasing &quot;mint products&quot; such as the Jefferson commemorative series and State Quarters series, Silver eagles, Eagles, etc.&nbsp; And the U.S. is not the only country that has created this &quot;mint product&quot; numismatic craze.&nbsp; You have Canada, Europe, Great Britain, Japan, and even China.</p><p><br /></p><p>With this comes the higher demand for silver.&nbsp; And until there is more productive mining of the metal, there is going to be a very slow and steady rise in the bid for silver.&nbsp; Also, when China and Europe begin to produce more bullion to meet demands, and commemoratives to feed and further the interest in numismatics, the demand will go up to produce quantities to meet consumer demand, and then we&#039;ll see more fluctuation upward.</p><p><br /></p><p>This higher demand will be good for those of us that actually collect tender issues because as demand goes up and price goes up, there will be more and more of us willing to sell some &quot;junk silver&quot; for a nice profit.&nbsp; This will remove many lower end specimens from availability, creating a wider gap in supply and demand for silver-based series, thus raising the price of such series as the Morgan/Peace Dollars, 1960&#039;s Kennedys, Franklin Halves, Mercury/Barber dimes, etc.[/QUOTE]</p><p><br /></p>

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