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<p>[QUOTE="GoldFinger1969, post: 8159107, member: 73489"]I don't know the numbers for silver coin collectors vs. gold ones....but I do recall that with regards to Saints and Liberty gold coins:</p><ul> <li>There are several hundred to maybe 1,500 SERIOUS collectors who want all the issues of a coin (if possible) and want high quality, too.</li> <li>There are about 25,000 Type Collectors who want coins of various years and mints, sometimes in mint state or other top condition.</li> <li>There are hundreds of thousands of bullion investors who are OK accepting low-graded Saints and Liberty's as substitutes for gold bullion.</li> </ul><p>Because of the lower silver price, I think there are more of the 2nd and 3rd types of collectors.</p><p><br /></p><p><u>So.....given huge mint numbers for various silver coins...and given the large quantities in low-grades....I think those can be melted down without worry that we will regret it decades later. Besides, that would only happen if the price of the underlying metals were much higher meaning that all coins -- even crappy condition ones -- were valued highly by a much larger collecting base (like what happened in the 1970's).</u></p><p><u><br /></u></p><p><b>I don't see this as a repeat of the horrific 1933-37 gold coin melting which was a crime committed by FDR.</b>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8159107, member: 73489"]I don't know the numbers for silver coin collectors vs. gold ones....but I do recall that with regards to Saints and Liberty gold coins: [LIST] [*]There are several hundred to maybe 1,500 SERIOUS collectors who want all the issues of a coin (if possible) and want high quality, too. [*]There are about 25,000 Type Collectors who want coins of various years and mints, sometimes in mint state or other top condition. [*]There are hundreds of thousands of bullion investors who are OK accepting low-graded Saints and Liberty's as substitutes for gold bullion. [/LIST] Because of the lower silver price, I think there are more of the 2nd and 3rd types of collectors. [U]So.....given huge mint numbers for various silver coins...and given the large quantities in low-grades....I think those can be melted down without worry that we will regret it decades later. Besides, that would only happen if the price of the underlying metals were much higher meaning that all coins -- even crappy condition ones -- were valued highly by a much larger collecting base (like what happened in the 1970's). [/U] [B]I don't see this as a repeat of the horrific 1933-37 gold coin melting which was a crime committed by FDR.[/B][/QUOTE]
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