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<p>[QUOTE="lonegunlawyer, post: 1534451, member: 40282"]Oh, yes. There is melt value.</p><p><br /></p><p>About 9-10 years ago when silver was about $5.00 to $7.00 an oz., I was able to purchase a lot of 40% from my local coin store for a slight premium above face because at the current melt value, it would cost more to extract the silver than the silver was worth. Then in roughly 2005-2006 when silver was about $10.00 to $14.00 per oz., I sold for a reasonable profit back to the same store.</p><p><br /></p><p>It is because the cost benefit of melting 40% was not favorable for a long time that these coins went largely unnoticed in circulation (especially compared to 90%) and were spent going from person to person.</p><p><br /></p><p>Now, in the past couple of years as silver not only caught up to gold, but surpassed gold in percentage increase, it is very worth it to melt 40%. Another thing to look for as more of this 40% is melted, the number of these coins still around naturally decreases. These may be circulated coins, but who knows what they may bring 10-30 years down the road as collectors need one to complete a set, but they are hard to find because no one valued them numismatically today, but only for their melt value.[/QUOTE]</p><p><br /></p>
[QUOTE="lonegunlawyer, post: 1534451, member: 40282"]Oh, yes. There is melt value. About 9-10 years ago when silver was about $5.00 to $7.00 an oz., I was able to purchase a lot of 40% from my local coin store for a slight premium above face because at the current melt value, it would cost more to extract the silver than the silver was worth. Then in roughly 2005-2006 when silver was about $10.00 to $14.00 per oz., I sold for a reasonable profit back to the same store. It is because the cost benefit of melting 40% was not favorable for a long time that these coins went largely unnoticed in circulation (especially compared to 90%) and were spent going from person to person. Now, in the past couple of years as silver not only caught up to gold, but surpassed gold in percentage increase, it is very worth it to melt 40%. Another thing to look for as more of this 40% is melted, the number of these coins still around naturally decreases. These may be circulated coins, but who knows what they may bring 10-30 years down the road as collectors need one to complete a set, but they are hard to find because no one valued them numismatically today, but only for their melt value.[/QUOTE]
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