When it comes to all the silver and for that matter gold and now even copper being melted.....from coins junk silver or gold or coppers... why do the numestics like PCGS and NGC and ANA and all the others not adjust for the hyper reductiion in the amounts of coins.....I know like NGC puts out a weekly report of possible pricing as well as a Population report....Would it not be maybe a good Idea to increase the value of all coins in possible prices Like 100 times the value and the next weeks adjust the price points as the population increases... stuff like all the way up to but not including AU stuff I think one the fakes would come off the markets the junk silver coins would also come off the melt markets and drive silver prices up as well as more real counts of the coins could be counted...even if they increased in small increments per week and then went down as massive amounts came in....I just can only guess when I look at places like EBAY alone and see at least 10 or 20 tones of silver coins being bought up a day and thinking ok if just 50% were melting 5 to 10 tones are just gone...tens of thousands a day which does not seem like alot but when you think about it how much could be left after the big melt in 1980 with the hunt brothers...While this time the price is real for industrial purposes as well as jewiery and then hedge on inflation it has multiple values...but if every laptop cell phone TV and all the other technology as well as because the value is higher people want it as jewelery to show off, at that rate of consumption they are having to melt coins and old junk silver anything as well as XRAYS or Photos and negs they are still at deficiet and unable to mine enough to keep up with demand so really what are the counts on these coins??? I look at a barber dime that is XF and it says there are 10 million but then how many of that 10 milion have been lost, melted, destroyed or otherwise...would not the count be closer to maybe 2 million if you are lucky and maybe 500 thousand in most likely terms maybe more... for that date...and the same with other dates....I say each week raise the [possible price 5% to verify the population reports Ya might find out there is not the increase thought possible of the coins and the increase is actually justified...NGC and ANA and PCGS and all these other grading companies will make some money on the grading and we as collectors will get a real value on the coins we have...
I'm not sure I understand what you're getting at here. Who do you think "sets" prices for coins? The price lists you seem to be thinking of are reporting prices, not setting them.
Coins aren't melted in any significant quantity. Why would anyone want to melt a collectable coin or a coin that's already in a marketable form? Dealers simply buy & sell some coins at "melt".
That is ONE LONG PARAGRAPH. Sorry but I just could not get through it. If you hit ENTER at the end of a sentence every now and then it would make your post easier to read.
I am thankful for spell check I didn't write when I was younger because I am dyslexic and could not write sorry about the paragraphs the thoughts are clear just not the writing not the first time I have been talked to about it I just quit writing....
How would they ? How could they ? Nobody has any idea how many coins, and what coins, are melted every day because nobody keeps track of them. And they don't keep track of them because they don't care. So without that information how could you possibly adjust anything ? What you are really asking about is the census of coins - how many of any given coin actually exists. Well, nobody knows for sure. But they do estimate, and that is what the rarity scales are for. Of course some coins, especially the more modern ones, cannot be estimated with any degree of accuracy. Others, especially older coins, can be estimated to numbers that most people feel are pretty close to realistic. Now you're going to ask me where you can find these estimation numbers. You can find them in the specialty books most of the time - books written about a specific series. But sometimes you can even find them in auction records.
