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<p>[QUOTE="Spark1951, post: 5598298, member: 90692"]I feel your pain. I began collecting in 1962, and a recent sale of melt silver resulted in a 19x increase in FV, or 95%.</p><p><br /></p><p>Keeping this in context, it took 60 years holding it to get this gain, which, when you do the calculations, gave an <i><b>average </b></i> increase of .318 FV per year. This equated to an appreciation of less than 1 cent per year (.9645 cent) for (each coin) the whole batch of melt value coins. Doesn’t seem to be worth hanging onto for the time involved.</p><p><br /></p><p>If I had sold it to my LCS I would have realized 10-15% <b><i>less.</i></b></p><p><b><i><br /></i></b></p><p><i><b>But, </b></i>I did sell the set to a fellow CT forum member for full melt...the actual value of the coins, determined by spot price...no more, no less. Now, he can gain through increased metal price, which is fluctuating normally right now.</p><p><br /></p><p>My takeaway is: I collected coins I thought would have more value by this time. It’s a huge lesson learned after 60 years. ...Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 5598298, member: 90692"]I feel your pain. I began collecting in 1962, and a recent sale of melt silver resulted in a 19x increase in FV, or 95%. Keeping this in context, it took 60 years holding it to get this gain, which, when you do the calculations, gave an [I][B]average [/B][/I] increase of .318 FV per year. This equated to an appreciation of less than 1 cent per year (.9645 cent) for (each coin) the whole batch of melt value coins. Doesn’t seem to be worth hanging onto for the time involved. If I had sold it to my LCS I would have realized 10-15% [B][I]less. [/I][/B] [I][B]But, [/B][/I]I did sell the set to a fellow CT forum member for full melt...the actual value of the coins, determined by spot price...no more, no less. Now, he can gain through increased metal price, which is fluctuating normally right now. My takeaway is: I collected coins I thought would have more value by this time. It’s a huge lesson learned after 60 years. ...Spark[/QUOTE]
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