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Please Explain The Theory Behind Melting Silver Coins
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<p>[QUOTE="statequarterguy, post: 957082, member: 21782"]Makes sense if you don't have at least silver speculators to purchase them. But isn't there a huge market (especially with sites like eBay) to dump silver coins at close to bullion prices? Just seems like holding silver coins would be the preferred method over bars to hold silver due to potential for numismatic appreciation and less cost to bring them to market. Case in point is all the 1960's choice to gem bu's I bought as bullion years ago, now have a significant premium over bullion value.</p><p><br /></p><p>So, unless there is significant demand for silver bars over coins, and there may be even though it makes no sense, hasn't the industry created an unnecessary and costly step to refine a coin that was worth more before it was refined?</p><p><br /></p><p>Of course, I can see where dumping coins on sites like eBay may cause longer wait times for the cash. But are refiners really quicker to pay, what is the turn around time? And, if it's faster, is it worth it based on the larger amount one could get for the coins from those that want to hold silver as coins?[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 957082, member: 21782"]Makes sense if you don't have at least silver speculators to purchase them. But isn't there a huge market (especially with sites like eBay) to dump silver coins at close to bullion prices? Just seems like holding silver coins would be the preferred method over bars to hold silver due to potential for numismatic appreciation and less cost to bring them to market. Case in point is all the 1960's choice to gem bu's I bought as bullion years ago, now have a significant premium over bullion value. So, unless there is significant demand for silver bars over coins, and there may be even though it makes no sense, hasn't the industry created an unnecessary and costly step to refine a coin that was worth more before it was refined? Of course, I can see where dumping coins on sites like eBay may cause longer wait times for the cash. But are refiners really quicker to pay, what is the turn around time? And, if it's faster, is it worth it based on the larger amount one could get for the coins from those that want to hold silver as coins?[/QUOTE]
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