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<p>[QUOTE=&quot;Jaelus, post: 3212722, member: 46237&quot;]With numismatic silver, the intrinsic value of the silver is irrelevant. The market value is based on the value of the coin to a collector. Compare this to junk silver, where the numismatic value is below the intrinsic value, and the value is tightly coupled to the spot price of silver.</p><p><br /></p><p>With the exception of very high end gold coins, numismatic gold behaves a lot like junk silver. The value of the gold can be so high as to overtake what would have been the numismatic value of the coin. So if the real numismatic value of a coin would have been $500, but it contains $1200 worth of gold, the price it trades at is going to be tightly coupled to the spot price. If the price of gold was to tank, you&#039;d see true numismatic values emerge and set a floor above the intrinsic value.[/QUOTE]</p><p><br /></p>

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