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<p>[QUOTE="Brett_in_Sacto, post: 2343192, member: 71510"]I think the simple way to put this is that the higher the numismatic rarity, the less the bullion value has an impact.</p><p><br /></p><p>The 1922-P Peace Dollar is very common, in fact, there were almost twice as many 1922 Peace Dollars minted then there were 2015 Silver Eagles (84m vs 44m). They are both in abundance, and prices track pretty closely to silver bullion with a premium on uncirculated coins.</p><p><br /></p><p>A 1928-P Peace Dollar on the other hand has little to do with the price of silver. It may rise and fall a bit as people start to buy up the available mined silver, but the numismatic value of the coin trumps anything the silver market directly generates either way.</p><p><br /></p><p>I've been picking up AU/BU quarter eagles all summer for a bit above bullion value. I've spent a lot less recently for common dates. The rare coins are still demanding premiums, and that's why I still haven't finished off my set of quarter eagles. I'm trying to convince myself to spend the money for a 1911-D quarter eagle. They haven't changed much in the last year - they're still semi-moon money for a nice example.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2343192, member: 71510"]I think the simple way to put this is that the higher the numismatic rarity, the less the bullion value has an impact. The 1922-P Peace Dollar is very common, in fact, there were almost twice as many 1922 Peace Dollars minted then there were 2015 Silver Eagles (84m vs 44m). They are both in abundance, and prices track pretty closely to silver bullion with a premium on uncirculated coins. A 1928-P Peace Dollar on the other hand has little to do with the price of silver. It may rise and fall a bit as people start to buy up the available mined silver, but the numismatic value of the coin trumps anything the silver market directly generates either way. I've been picking up AU/BU quarter eagles all summer for a bit above bullion value. I've spent a lot less recently for common dates. The rare coins are still demanding premiums, and that's why I still haven't finished off my set of quarter eagles. I'm trying to convince myself to spend the money for a 1911-D quarter eagle. They haven't changed much in the last year - they're still semi-moon money for a nice example.[/QUOTE]
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