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Does the silver prices effect other coins?
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<p>[QUOTE="Legomaster1, post: 4706436, member: 101260"]Sold 4 of my 1 oz silver rounds, and bought a circulated CC Morgan the other day.</p><p>It was $99 last year at the coin shop, and is still $99 because most of the value of a Carson City Morgan is numismatic.</p><p><br /></p><p>I wouldn't expect the value of bullion/spot price to affect collector coins- as most of their value is already tied up in terms of rarity, or demand. Many people right now are purchasing bullion as a store of value, but probably wouldn't get excited over numismatic coinage.</p><p>It seems logical that the main profit of coin shops now originates from bullion sales. When I came into a local coin shop, all their graded silver coinage was exactly where it was (in abundance), while the silver and gold bullion was hardly there- most of the Krugers and gold American Eagles were snapped up.[/QUOTE]</p><p><br /></p>
[QUOTE="Legomaster1, post: 4706436, member: 101260"]Sold 4 of my 1 oz silver rounds, and bought a circulated CC Morgan the other day. It was $99 last year at the coin shop, and is still $99 because most of the value of a Carson City Morgan is numismatic. I wouldn't expect the value of bullion/spot price to affect collector coins- as most of their value is already tied up in terms of rarity, or demand. Many people right now are purchasing bullion as a store of value, but probably wouldn't get excited over numismatic coinage. It seems logical that the main profit of coin shops now originates from bullion sales. When I came into a local coin shop, all their graded silver coinage was exactly where it was (in abundance), while the silver and gold bullion was hardly there- most of the Krugers and gold American Eagles were snapped up.[/QUOTE]
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