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<p>[QUOTE=&quot;Blaubart, post: 1923267, member: 37498&quot;]Morgan Dollars weren&#039;t produced in the 1960s.&nbsp; I understand you were trying to offer a precedent, but there are enough differences between Morgan Dollars and 1960&#039;s junk silver that your precedent is nearly meaningless.</p><p><br /></p><p>For example, the mintage numbers for 1964 quarters was 15x that of the most common Morgan dollar.&nbsp; If you compare 1964 quarters to 1895 Morgans, the ratio is more like 1500x higher.&nbsp; Subtract from that the many Morgans that were melted before they ever saw circulation and it <i>should</i> be much more difficult to obtain Morgans for either a type set or a full set.</p><p><br /></p><p>Other differences are the unique story behind the Morgan dollars and the size/denomination/composition that hasn&#039;t been minted for circulation since 1935.&nbsp; When you compare the total number of silver dollars minted to the number of silver quarters minted, the difference is staggering.&nbsp; However, despite all those differences in favor of the rarity of Morgans I can still buy cull Morgans and Peace dollars for a small premium over melt at my LCS.</p><p><br /></p><p>If you take it to the extreme I do believe the supply of 1960&#039;s junk silver will <i>eventually</i> wane, but will that be in 50 years, 500 years, or 5000 years?&nbsp; After all, there are ancient coins that are only worth melt value today.&nbsp; How long until those will see a premium above melt?&nbsp; Another 2000 years?&nbsp; How many avid coin collectors will there be in 50-2000 years?&nbsp; It could very well be that demand will drop faster than supply.</p><p><br /></p><p>I say, if you&#039;re going to make a coin ring, then at least use a common date.&nbsp; However, not all metal smiths/jewelry enthusiasts are coin collectors and we can&#039;t expect them to check the mintage numbers before destroying a coin.&nbsp; That&#039;s where supply/demand comes in to play.&nbsp; Eventually, those coins with numismatic value will be in the hands of collectors and dealers and will be priced accordingly.&nbsp; When someone wants to obtain a coin to make jewelry, I don&#039;t think they&#039;re going to gravitate towards the $2,000 slabbed rarity, they&#039;re going to go for the more common samples in 2x2&#039;s, or in a junk silver bin that are priced around melt.&nbsp; If they desire a coin with good details, the <i>only</i> way to obtain one of those for a reasonable price will be to buy a common date.</p><p><br /></p><p>In the end, these coins were minted by our government and they are available to the public and the public should do with them as they wish.&nbsp; For some people, a ring is more meaningful than a coin and I think we shouldn&#039;t judge them because their values are different than ours.&nbsp; Of course, you are part of the public too and you can do with them as you wish.&nbsp; If it is your desire to preserve coins, then buy as many as you can and preserve them for future generations.[/QUOTE]</p><p><br /></p>

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