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Please Explain The Theory Behind Melting Silver Coins
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<p>[QUOTE="medoraman, post: 957898, member: 26302"]OK, if you think its negligible. I was just repeating what I was told from a guy who started dealing in the 40's and my own experience. The 1% plus or minus would work both ways, meaning that on average, (law of large numbers), it should net to the legal weight, and so should the slicks minus their silver loss. In my experience a slick can be more than 1% off from a BU coin in weight after cleaning. That means a $1000 face bag of slicks has 1%, or about 7.3 ounces less recoverable silver. I believe the coin I measured was a slick barber half versus a bu one. You are correct that maybe I didn't account for mint weight variations in that comparison.</p><p><br /></p><p>You were correct earlier that the largest determination is dealer profit margin, I just wanted to add I thought this was a factor as well.</p><p><br /></p><p>btw even your comparison above, with just a VF coin, in a bag of 1000 of them like that has over $300 less gold than standard. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Edit: Sorry, it is more like $100. My point is still that with large quantities of precious metal a 1% difference will not go unnoticed.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 957898, member: 26302"]OK, if you think its negligible. I was just repeating what I was told from a guy who started dealing in the 40's and my own experience. The 1% plus or minus would work both ways, meaning that on average, (law of large numbers), it should net to the legal weight, and so should the slicks minus their silver loss. In my experience a slick can be more than 1% off from a BU coin in weight after cleaning. That means a $1000 face bag of slicks has 1%, or about 7.3 ounces less recoverable silver. I believe the coin I measured was a slick barber half versus a bu one. You are correct that maybe I didn't account for mint weight variations in that comparison. You were correct earlier that the largest determination is dealer profit margin, I just wanted to add I thought this was a factor as well. btw even your comparison above, with just a VF coin, in a bag of 1000 of them like that has over $300 less gold than standard. :) Edit: Sorry, it is more like $100. My point is still that with large quantities of precious metal a 1% difference will not go unnoticed.[/QUOTE]
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