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Message:: [QUOTE="medoraman, post: 2248746, member: 26302"]Exactly. The term "junk" is ONLY valid within a time and price frame. If silver went to $100 an ounce, the vast majority of most people's coins, (MS70 modern silver coins, proof ASE's, most morgans, etc), would ALL be "junk". "Junk" simply means no numismatic premium at this point in time, at this silver price level. If silver fell to $2 an ounce, I would expect all pre-65 coins to have numismatic rather than melt value. Where is the dividing line? I would guess it depends on the coin, with circulated roosevelts, washingtons, and franklins/Kennedy's having the lowest numismatic interest. Maybe today that price is $10, 12, or 15 an ounce, the point at which collectors will pay premiums over melt for them. I simply do not know. If anyone is an economics major, it would make an interesting research term paper. With my school I simply have too much research of my own going on right now.[/QUOTE]