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<p>[QUOTE=&quot;PhxAZ1, post: 943791, member: 26560&quot;]What&#039;s happening today is simply history repeating itself with gold and silver pricing leading to increases in melting..People have to realize that silver is a valuable industrial metal. One of the largest users of silver is actually the photograpy industry. When the price of silver is low, as it was in the late 90&#039;s ($5/oz. or so) collectors have little incentive to melt coins that yield a small profit relative to their numismatic value. Many collectors simply hold on to them for that numismatic value rather then their metallic value. And it is ironic that the last great melt of the 80&#039;s actually made the numismatic value rise for silver coins due to those coins becoming more scare to collectors, and albeit, less valuable to melters. In 2010, we are starting to see a slight repeat of the 80&#039;s silver melt. Gold today is seeing a repeat of the 1930&#039;s melt. In the future, if and when silver goes back to a level that makes melting less profitable (margins after refining, transporting, and reselling), the numismatic value will again rise for those silver coins still in existance. Collectors will prize them for their increased scarcity and historical values. Hoarders/investors will keep them around for the time when silver spikes again and melting becomes a very lucrative business once again. The lesson...You can&#039;t go wrong buying silver &quot;junk&quot; coins today as they currently have great metallic value but they will have increased collector value if silver dips below the &quot;breakeven&quot; point for the refiners. Simple supply and demand at work.[/QUOTE]</p><p><br /></p>

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