Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 339354, member: 3011&quot;]One thing I would like to add, but that is difficult to explain, is that silver coins should not necessarily sell at or slightly below spot.&nbsp; The spot price is basically for large Comex-eligible silver, much of which is for industrial use.&nbsp; A case could be made that coin silver is more valuable.&nbsp; It is already processed into small, convenient denominations with a known weight and purity.&nbsp; It is difficult to use 1000 ounce bar silver for much of anything, especially when the bars don&#039;t even have to be exactly 1000 ounces.&nbsp; Storage, insurance, and assays are a problem.&nbsp; I believe that as the price of silver climbs, and more people begin to accumulate both bullion and numismatic silver coins, even the most common circulated silver coins will begin to command a premium to the spot price as people realize that coins are more valuable as coins than they are as melted lumps of metal.&nbsp; It could be argued that coins are the highest and best use of silver and selling them for prices that permit melting them into bullion doesn&#039;t make much sense any more than melting your wifes jewelry or grandma&#039;s tea set makes sense.</p><p><br /></p><p>There.&nbsp; I said it.&nbsp; Now I feel better.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in