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Apathy from coin community towards melting silver coins
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<p>[QUOTE="GDJMSP, post: 2027145, member: 112"]The answer is pretty simple really, because it's a whole lot easier to sell. Think of it this way - how many coin collectors are there in the world ? Now of all those, how many are even interested in buying bulk lots of junk silver ? Your number just got a whole lot smaller. </p><p><br /></p><p>Now, how many people are there in the world, including coin collectors, who are interested in buying pure silver bullion ? The number is many orders of magnitude larger. And they will pay more for pure silver than they will junk silver.</p><p><br /></p><p>The larger the size of your target audience, the easier it is to sell something. </p><p><br /></p><p>It's just like it is with slabbed coins and raw coins. Slabbed or raw any given coin is worth exactly the same amount. But there are a whole lot more people who are willing to buy a slabbed coin than there are those willing to buy that same coin raw. And some, because they don't understand that, are even willing to pay more for them.</p><p><br /></p><p>And yeah, I know many want to argue that point and say that slabbed coins are worth more. But they really aren't. It's only a matter of perception and mistaken belief.</p><p><br /></p><p>In the end, that's what it comes down to - perception. Coin collectors, because of how they think about coins, how they perceive them, see junk silver as being worth the same as pure silver, proportionally of course. But in it reality, it isn't.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2027145, member: 112"]The answer is pretty simple really, because it's a whole lot easier to sell. Think of it this way - how many coin collectors are there in the world ? Now of all those, how many are even interested in buying bulk lots of junk silver ? Your number just got a whole lot smaller. Now, how many people are there in the world, including coin collectors, who are interested in buying pure silver bullion ? The number is many orders of magnitude larger. And they will pay more for pure silver than they will junk silver. The larger the size of your target audience, the easier it is to sell something. It's just like it is with slabbed coins and raw coins. Slabbed or raw any given coin is worth exactly the same amount. But there are a whole lot more people who are willing to buy a slabbed coin than there are those willing to buy that same coin raw. And some, because they don't understand that, are even willing to pay more for them. And yeah, I know many want to argue that point and say that slabbed coins are worth more. But they really aren't. It's only a matter of perception and mistaken belief. In the end, that's what it comes down to - perception. Coin collectors, because of how they think about coins, how they perceive them, see junk silver as being worth the same as pure silver, proportionally of course. But in it reality, it isn't.[/QUOTE]
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