Sold 6 rolls to Provident Metals for $501.60, after shipping net per coin was $4.09. It's hard to hold on to 40% when silver is so high. Wanted to sell all mine, but didn't.
I think it's a mistake to think of value as equal to net proceeds after melting. Coin silver is one of the highest and best uses for the metal since it is in a form of known quantity and purity that can be readily exchanged or sold without assay. This should make the coins worth somewhat more than scrap to investors than to industrial smelters. It's a loss of value to the owner to treat them this way, sort of like buying furniture to burn in the fireplace for heat.