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<p>[QUOTE="johnmilton, post: 3523318, member: 101855"]The “melt value” is not a floor because it costs money to recover the metal. In other words, the aggregate demand for the coin itself is not enough to take it beyond what could be called “scrape value” which is below “melt value.” It’s hard to believe that there are that many lower grade double eagles out there, but I guess there are. I have seen this before, but the situation did not last for that long.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3523318, member: 101855"]The “melt value” is not a floor because it costs money to recover the metal. In other words, the aggregate demand for the coin itself is not enough to take it beyond what could be called “scrape value” which is below “melt value.” It’s hard to believe that there are that many lower grade double eagles out there, but I guess there are. I have seen this before, but the situation did not last for that long.[/QUOTE]
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