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If the price of silver explodes will numismatic value of coins become irrelevant?
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<p>[QUOTE="medoraman, post: 989872, member: 26302"]When prices rise, all coins except for rare ones become bullion. When the bottom drops out, "better" coins such as walking liberty halves, AG barbers and SL coins, mercury dimes, etc become more expensive since there is more of a numismatic demand for them than washington quarters, franklin dimes, etc.</p><p><br /></p><p>I don't think there is much to worry about true melting this time. I hear junk silver bags are hot and commanding premiums right now, according to NN. I think most of the coins will survive, they will be in junk silver bags and invested in that way.</p><p><br /></p><p>To the OP, another side effect of PM's dropping is that dealers have less cash around to spend, so the market for collector coins could get tight, meaning less cash around to purchase them, leading to lower prices. Truly desirable coins aren't tied to bullion values, though, and should keep their values long term.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 989872, member: 26302"]When prices rise, all coins except for rare ones become bullion. When the bottom drops out, "better" coins such as walking liberty halves, AG barbers and SL coins, mercury dimes, etc become more expensive since there is more of a numismatic demand for them than washington quarters, franklin dimes, etc. I don't think there is much to worry about true melting this time. I hear junk silver bags are hot and commanding premiums right now, according to NN. I think most of the coins will survive, they will be in junk silver bags and invested in that way. To the OP, another side effect of PM's dropping is that dealers have less cash around to spend, so the market for collector coins could get tight, meaning less cash around to purchase them, leading to lower prices. Truly desirable coins aren't tied to bullion values, though, and should keep their values long term.[/QUOTE]
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If the price of silver explodes will numismatic value of coins become irrelevant?
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