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Gads are we gonna start melting coins again???
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<p>[QUOTE="cladking, post: 4286835, member: 68"]In '79 most melted coins went from coin shops to wholesalers. The dealer would give the coins a very cursory inspection and then tossed in the appropriate bucket. Obviously some stuff would be set aside to take a closer look at but most everything just got shipped. They'd pop the '32-D and S out of folders and the rest went. </p><p><br /></p><p>I'd be able to go through some of this stuff by offering a premium to melt but it all just went by fast and most of it was never checked. But I certainly sampled everything and can assure you that a very low proportion was much of note. There simply weren't BU rolls from the '30's and '40's nor non cull bust coinage. This was a small percentage of what was produced by the mint and good coins were a small percentage of it. In other words it was almost a non-event. A lot of great fabricated silver from the 19th and 20th century was melted but not coins. </p><p><br /></p><p>The melt going on in modern times is much more selective because it's in slow motion compared to '79. Of course even today there are some great coins but it's stuff that's hard to sell. Nobody wants to pay a premium on circ XF and better '43-P war nickels or XF mercs. Some things are just easier to melt than sell. If premiums remain high flows will ramp up again. No doubt business is ramping up quickly now but it will be muted by the virus and by the low price and lack of sellers.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 4286835, member: 68"]In '79 most melted coins went from coin shops to wholesalers. The dealer would give the coins a very cursory inspection and then tossed in the appropriate bucket. Obviously some stuff would be set aside to take a closer look at but most everything just got shipped. They'd pop the '32-D and S out of folders and the rest went. I'd be able to go through some of this stuff by offering a premium to melt but it all just went by fast and most of it was never checked. But I certainly sampled everything and can assure you that a very low proportion was much of note. There simply weren't BU rolls from the '30's and '40's nor non cull bust coinage. This was a small percentage of what was produced by the mint and good coins were a small percentage of it. In other words it was almost a non-event. A lot of great fabricated silver from the 19th and 20th century was melted but not coins. The melt going on in modern times is much more selective because it's in slow motion compared to '79. Of course even today there are some great coins but it's stuff that's hard to sell. Nobody wants to pay a premium on circ XF and better '43-P war nickels or XF mercs. Some things are just easier to melt than sell. If premiums remain high flows will ramp up again. No doubt business is ramping up quickly now but it will be muted by the virus and by the low price and lack of sellers.[/QUOTE]
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Gads are we gonna start melting coins again???
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