interesting silver story

This is just a wild guess but would not $50.00 silver take 90% of the Peace Dollars out of the market? Probably a lot of the Morgan Dollars too? And many, many ASE's? Those who did not melt their common Peace & Morgan's when it hit that last time are probably wise enough to this time IMHO.

 

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The only market that high silver would remove coins from is the market of people who cannot afford the higher price. There would still be quite active buying and selling, except it would be biased probably more towards investors than collectors.

And it would be unwise to melt coinage just because the metal is worth a lot. Remember, the fact that it is in coin form proves that it has a stated amount of the metal. If you melt down an ASE, you have just as much value in silver after as you did before, except now you have to prove in some other way what its silver content is. (Plus you'd be destroying a beautiful coin!)

Unless I'm missing something... :goof:

 

Mrbrkln,

The only time I have seen these forums out of control is when you start posting, spamming IMHO, about anothers post which is not offensive in the least. You have come to a post explicitly about silver. If this topic bothers you, skip it. Silver, as far as I am concerned, plays a huge impact on coin prices and my ability to buy them. On an slightly different note, no one of these posts has tried to market and or sell anything. We are merely stating facts or postulates relating to these facts in a purely academic fashion. The only reason that previous thread was shutdown was b/c it turned into a shouting match between you and the rest of the forum (to the mods: If I presume too much here please correct me. The closing post made me believe this to be true).
Now for my post on the topic at hand:

Danr, that was intersting about the Mexican supply. I knew the mine had closed, but I did not realize that it was such a large part of the Mexican/World supply chain. Does anyone think that this current run up in silver will significantly impact coin prices? I asm currently looking at a set of Roosies and a set of Washingtons. I have heard the arguments agaisnt a significant changer, so does anyone have any opinions for the rising of prices? Thanks in advance for your replies.

Ryan

 

Actually, the thread was out of hand, and it was off topic, as is all the threads on investment speculation are if they are not related to coins. Dire predictions, and general anouncements include "I;m on reocrd for months now as say", is ***pure*** spam.

this OTOH, would be related to coins and is appropriate although it is just begging for responses which are unrelated spam.

 

Well I have a few things to respond to specifically:
1.Forgive my misspelling of your name. Not done on purpose.
2.I am not a big forum poster so I do not know how to do quotes and and I do not know what OTOH means so bear with me.
3.All of my investments and collecting for that matter has been in coin form. So, talking about invesnting in silver in coin form is ok? I inferred this from this statement, "...as is all the threads on investment speculation are if they are not related to coins. "
4.Silver climbing or falling is not a "dire prediction." It is people theorizing what will happen in the future using imperfect info. I see threads based upon certain series going up or down and you do not complain. I am considering some advice given on a particular half series, yet you are over there shutting down the free thought.
5.Just b/c you say it does not make it true. *I know this is a double edged sword.*
6.I disagree with your wording, "...would be...": it is on topic. This topic happens to be fairly open-ended about silver and its effects on coins.
7.If a thread goes off-topic it SHOULD be up to the mods and/or creator to ask/tell people to stay on topic. That is why they are mods and technically speaking only the thread creator is 100% of the intent of the post.
8.As far as I can tell you seem to hijack any thread that even hints at silver and suck all of the fun out of our discussion. (Except perhaps me, b/c I enjoy a good argument every now and then )
9.I agree with with you to an extent on the steroetyping, but as a student iun the NYC area, I have to agree that New Yorkers are sometimes downright rude. This is a toss-up for me. But, they are defintely some of the most outgoing people I have ever met. This is good and bad. (Slightly off-topic, but worth mentioning.)
10. "They both quickly spun out of control and went on FOREVER. When they finally died, I was like, "Thank God", we can finally get back to talking about coins without the spam." You make it seem as if two threads are somehow sucking up all the room and no one could post anything/anywhere else. Having a lengthy thread is not the end of the world.
11.My last point, if you stop talking like you own the forums people may not react so violently and lash out at you personally. Using firm words is fine, but lashing out at people does nothing but cause problems.

I look forward to your rebuttal,

Ryan

 

Coins and Silver go 'hand-n-hand' so what's the big deal? If it offends anyone then just don't read it. I found it very interesting.

Bone

 

Thanks you are right on the ASE's I was not thinking. I think about a number of " gem " rolls of 1922 and 1923 Peace Dollars I bought last December at $240.00 a roll or $12.@ . A dollar in those days 80 years ago was close to a decent days pay. Never used and today they are still only worth $12.? There are so many of them that people have had stashed away that the numismatic value will not ever appreciate above their bullion value if silver does go up again. I guess you could always look at them as a .72 ounce of silver round. I guess what I think is that silver price is relevant to coin prices to some degree.

 

It means "on the other hand"

.
There is no complaint about anything but fishing and spam. It's pretty easy to spot when a message isn't directly related to any previous message and babbles on about precious metal predictions, you can bet it is spam. Its not like this two way conversation we are currently having. It reads like spam.

They can't be everywhere. They closed the last thread down after message number 8 which was clear fishing, and others just violated forum policy and started a new thread without missing a step.

Its very simple though. If it is not about US Coins, it doesn't belong in this section. Go use the other sections for speculation on Silver bullion(or even Paldium or hog bellies). There are people here who would like to talk about US coins and silver who do not want to be spammed or fished, and they should just be able to do so.

Because of this thread, everyone is on their best behavior. Good, let it stay that we so that we can talk to EACH OTHER about coins, and any of the tangental discussions including the effect silver bullion prices on Morgan Dollars.

That is ENTIRELY bogus. This is the first thread I've ever raised a complain about. There have been threads which have been anotated which should have been pulled with hundreds of spam and fishing statements made on this platform and I've never said a word. This forum should not be used as someones talk radio show for precious metal trading.

Well, being silent didn't seem to help as this just picked itself up again after it stopped for a while. I object to the notion that I've made any personal attacks. I've been vert careful about my wording, especially in reply to Speedy. What I am saying is that a straight discussion on bullion futures belongs elsewhere, especially when it is not directly coin related and not part of an authentic conversation.


Ruben

 

Ruben no one here is profitting from this "spam" and I think Cloudsweeper has really good insights. He and I have gone back and forth here and there about silver and that is why I put the "I am on the record" comment. Sorry if the tone of that bugged you. I am a coin collector and not some big marketing outfit that does spam.

 

I don't think it is completely predictable. If silver prices go up, in the short run it could actually make the silver coins a little cheaper, at least as a percentage of the bullion price, because many people may rush to sell their coins to take advantage of the higher price. So a coin that usually sells at 3X bullion value may sell at 2X or lower. If silver prices remain high for a long time, the coins should return to their "normal" historical premium over bullion value, and maybe a little more if some are melted. That's a pure guess on my part.

 

Hmmm, I am considering picking up a bunch of semi-keys for my sets. These are the coins, IMO, that benfit the most from a melt. Key dates are never melted and common dates are difficult to make rare. But, a lower priced semi-key may get melted along with the common dates. This is all assuming silver goes high enough to cause a massive melt, again. This could cause a steep increase in price for semi-key coins and ruin my chsnces of finishing my collections. Let me knoew what you guys think of this theory of mine.

Ryan

 

X7, that sounds like a reasonable plan. I'm more of a "bottom-fisher myself." I'll buy any silver or gold coin if the price seems too low to me. I've noticed that it's easier to find some higher grade gold coins at reasonably low premiums to bullion value than it is to find high grade silver coins close to bullion value. But it's easier to find lower grade silver coins below bullion value when lower grade gold coins never sell below bullion value. I don't know why that is.

 

The funny thing is this...you have a choice! If you don't want to read about silver prices move on to the next thread...easy huh!

 

That's a really interesting perspective that I didn't consider! I guess it shows that the value of a dollar has gone down much faster than intrinsic value of silver has gone up over the years. I always liked coins because the intricate designs on them show our political and social history in a way. Here we're seeing how they show our economic history!

 

You Guys forget the historical Gold to Silver ratio has been 20 to 1!. Silver is at a crazy low right now.

 

Hmmm, sorry I mentioned that when I did, I certainly didn't mean it as blame in the other thread, I was making a regional comparison. I shouldn't have though, I'm sorry.

I think this is the important point here. This is the US coins forum. At the top of every page of this forum it says, "US Coins Forum: This forum dedicated to the discussion of United States Coins." I still can't figure out how investing in silver stocks or companies, or even silver bars is anything other than tangentially related to US coins. Speedy seems to think so, but I disagree.

I'm with Reuben, I would love a discussion of the effects of the changing silver price on US coins, but these threads tend to quickly devolve into people's investment ideas. That isn't why I frequent a coin forum.

I don't mean to censor anyone, I just think that this discussion should be in another forum (like the open forum).

 

That's a great point! I just doubt that most coins are actually melted even when sold as junk silver. The fact that it is coined means that it is relatively easy to convince a buyer that your coins contain x amount of silver, so there is little incentive to actually melt them.

 

This is true for small time investors. For a company like Kitco this may not be so true. And alot of people may start to offload common and, hopefully in my case, semikey coins to smelting refineries if prices skyrocket. Let me know what you think of this.

Ryan

 

I don't know, I only have the perspective of a few small-time investors (me and my dad and my brother), but it is certainly possible that someone with a much larger stock of silver than me would actually melt their coins. I just don't know.

 

If memory serves me correctly tons of old low to mid grade coins were sold for melt value during the late 1970's before silver plunged by 50% on March 27, 1980.

I remember the newspaper ads encouraging folks to bring their silver coins and silverware to sell.