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How fast are the 90% silver coins getting melted away?
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<p>[QUOTE="cladking, post: 1343346, member: 68"]Melting is not going to affect availability of silver coins for collectors in the foreseeable future. Even if 99% of the '64-D dimes were destroyed it would have no effect on the values. It is not within the realm of reason to expect such a high redemption rate except in the very long term because all '64-D dimes will not be sold for melt and even if they were a small percentage would be bought for storage or for collections. </p><p><br /></p><p>This being said there are numerous exceptions to this general rule. For instance a tiny percentage of '64-D quartters have a clad reverse and these are mixed in with the typical specimens. So the small population of the clad reverse gets melted in the same proportions as the common coins. By the same token most '40-D quarters are heavily worn and have no numismatic premiums so large numbers of these will be melted leaving relatively few of any grade for this date. The same goes for numerous US coins and even more numerous world coins. </p><p><br /></p><p>Common coins will always be common but some common coins weren't saved and some uncommon coins only appear to be common. You have to think about these things. Compare mintages and values and you'll see what's going on.</p><p><br /></p><p>Melting was very high up till 5 months ago but might have slowed down or sped up with the lower price. Figure about 30% of the silver is gone across the board and they can get about 10% of the survivors each year if the refineries stay busy. This means it would take a very long time to get them all and this especially is true since prices will increase for coins when supply is sufficiently affected.</p><p><br /></p><p>The bottomline is don't buy coins waiting for melting to make them rare. Trade off your '55 quarter rolls for something that already has a numismatic value around spot. Waiting for '69-D halfs to be worth more than melt will only work if the silver price crashes so you lose money either way.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 1343346, member: 68"]Melting is not going to affect availability of silver coins for collectors in the foreseeable future. Even if 99% of the '64-D dimes were destroyed it would have no effect on the values. It is not within the realm of reason to expect such a high redemption rate except in the very long term because all '64-D dimes will not be sold for melt and even if they were a small percentage would be bought for storage or for collections. This being said there are numerous exceptions to this general rule. For instance a tiny percentage of '64-D quartters have a clad reverse and these are mixed in with the typical specimens. So the small population of the clad reverse gets melted in the same proportions as the common coins. By the same token most '40-D quarters are heavily worn and have no numismatic premiums so large numbers of these will be melted leaving relatively few of any grade for this date. The same goes for numerous US coins and even more numerous world coins. Common coins will always be common but some common coins weren't saved and some uncommon coins only appear to be common. You have to think about these things. Compare mintages and values and you'll see what's going on. Melting was very high up till 5 months ago but might have slowed down or sped up with the lower price. Figure about 30% of the silver is gone across the board and they can get about 10% of the survivors each year if the refineries stay busy. This means it would take a very long time to get them all and this especially is true since prices will increase for coins when supply is sufficiently affected. The bottomline is don't buy coins waiting for melting to make them rare. Trade off your '55 quarter rolls for something that already has a numismatic value around spot. Waiting for '69-D halfs to be worth more than melt will only work if the silver price crashes so you lose money either way.[/QUOTE]
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How fast are the 90% silver coins getting melted away?
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