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<p>[QUOTE="medoraman, post: 2238476, member: 26302"]Actually the opposite. Lack of enough supply or demand lessens the ability to find the true price. Have additional liquidity is actually a very good thing. Liquidity is what is needed to find the true price, not lack of it.</p><p><br /></p><p>I haven't paid much attention to junk silver. I know over 40 years it has been appreciating due to every year there is less of it. At some point old US coins will no longer be priced at silver value at all. Think about it. When silver was $40 a ton of coins like VG barber halves were sold as "junk" silver. Today, their collectability is greater than silver value, so they sell at a premium. Maybe collectability of old US silver is simply higher than silver price today. I could very easily see this as being true of halves. That would be my main reaction to why junk silver US coins might have higher premiums that one would expect, that being collectible value is starting to overtake their silver value. At some point it was going to happen, just like Morgan dollars. They used to be just a slight premium to junk, and now they have a price of their own.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2238476, member: 26302"]Actually the opposite. Lack of enough supply or demand lessens the ability to find the true price. Have additional liquidity is actually a very good thing. Liquidity is what is needed to find the true price, not lack of it. I haven't paid much attention to junk silver. I know over 40 years it has been appreciating due to every year there is less of it. At some point old US coins will no longer be priced at silver value at all. Think about it. When silver was $40 a ton of coins like VG barber halves were sold as "junk" silver. Today, their collectability is greater than silver value, so they sell at a premium. Maybe collectability of old US silver is simply higher than silver price today. I could very easily see this as being true of halves. That would be my main reaction to why junk silver US coins might have higher premiums that one would expect, that being collectible value is starting to overtake their silver value. At some point it was going to happen, just like Morgan dollars. They used to be just a slight premium to junk, and now they have a price of their own.[/QUOTE]
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