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<p>[QUOTE="clembo, post: 373282, member: 8033"]I feel the same way Cloudsweeper. I can use the work but it really is painful to see retired people cashing in coins to pay bills.</p><p><br /></p><p>What is junk silver now was all getting a premium as collectible not that long ago.</p><p>Wnen the owner buys larger quantities we honestly don't have time to sort them. I do a quick search for Xf or better Mercs, key date coins etc. then it's into the buckets.</p><p><br /></p><p>If someone has an original roll they DO still get a premium but the amount of BU Roosevelts that gets sent to the refinery is scary. See a lot of AU-BU Franklins going that way as well.</p><p><br /></p><p>When it's all over I wonder what it will do to the value of some of the more common coins. They are being melted in vast quantities as they were in the 80s.</p><p><br /></p><p>What REALLY gets me is the amounts of world coins being melted. We have a separate bucked for silver from .500 fine to .925. If it doesn't have a good retail value it goes to the refinery. I've tossed in so many proof coins it's scary. Low mintage stuff too. I can remember tossing in some Jamaican coins with mintages of under 10,000 because the silver is worth more than the book value.</p><p><br /></p><p>I am no expert on World Coins but believe me, I'm getting an education fast. I look the stuff up before it goes into the bucket. If it has some collector value I urge him to sell it on ebay. He usually does. At least I know SOME coins will end up in the hands of collectors.</p><p><br /></p><p>Yes, it is tough to watch at times but business is business I'm afraid.</p><p><br /></p><p>clembo[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 373282, member: 8033"]I feel the same way Cloudsweeper. I can use the work but it really is painful to see retired people cashing in coins to pay bills. What is junk silver now was all getting a premium as collectible not that long ago. Wnen the owner buys larger quantities we honestly don't have time to sort them. I do a quick search for Xf or better Mercs, key date coins etc. then it's into the buckets. If someone has an original roll they DO still get a premium but the amount of BU Roosevelts that gets sent to the refinery is scary. See a lot of AU-BU Franklins going that way as well. When it's all over I wonder what it will do to the value of some of the more common coins. They are being melted in vast quantities as they were in the 80s. What REALLY gets me is the amounts of world coins being melted. We have a separate bucked for silver from .500 fine to .925. If it doesn't have a good retail value it goes to the refinery. I've tossed in so many proof coins it's scary. Low mintage stuff too. I can remember tossing in some Jamaican coins with mintages of under 10,000 because the silver is worth more than the book value. I am no expert on World Coins but believe me, I'm getting an education fast. I look the stuff up before it goes into the bucket. If it has some collector value I urge him to sell it on ebay. He usually does. At least I know SOME coins will end up in the hands of collectors. Yes, it is tough to watch at times but business is business I'm afraid. clembo[/QUOTE]
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