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<p>[QUOTE="medoraman, post: 1580969, member: 26302"]"Hon", the pricing of copper and nickel coins versus silver and gold has to do with RARITY. Look up a US mintage chart some time and see how many cents are produced each year versus half dollars or quarters. This exact same ratio has always been true. </p><p><br /></p><p>This is also true for ancients. For most civilizations that have ever existed, they struck 100 times more copper coins than silver, and probably 1000 times more copper than gold. </p><p><br /></p><p>Yes, copper coins can go basically to zero, and PM coins will basically go to melt. However, this is not a "numismatic" support price. When US coins go down to melt that means they are NO LONGER numismatic coins, (coin collectors do not want them at that price), they are now bullion items. A 1964 quarter is not a numismatic item really, its junk silver.</p><p><br /></p><p>You are not understanding the fact that numismatic items can become bullion items, and vice versa. When I was buying most of my silver, junk barber coinage was numismatic items. Now they are bullion.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1580969, member: 26302"]"Hon", the pricing of copper and nickel coins versus silver and gold has to do with RARITY. Look up a US mintage chart some time and see how many cents are produced each year versus half dollars or quarters. This exact same ratio has always been true. This is also true for ancients. For most civilizations that have ever existed, they struck 100 times more copper coins than silver, and probably 1000 times more copper than gold. Yes, copper coins can go basically to zero, and PM coins will basically go to melt. However, this is not a "numismatic" support price. When US coins go down to melt that means they are NO LONGER numismatic coins, (coin collectors do not want them at that price), they are now bullion items. A 1964 quarter is not a numismatic item really, its junk silver. You are not understanding the fact that numismatic items can become bullion items, and vice versa. When I was buying most of my silver, junk barber coinage was numismatic items. Now they are bullion.[/QUOTE]
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