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Silver Hits $10.00 Part II
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<p>[QUOTE="Daggarjon, post: 116578, member: 4230"]At the rate in which non-collectors turn over coins classed as junk silver, the silver price may start to decline. Of course, at that point the loss to the collecting community is lost forever. One thing i dont think collectors and non-collecters alike dont think of is those coins, which may be junk to them with either their high grade collection or lack of coin collecting knowledge - is that those low grade silver coins may be just the coin to get a beginner started. So dont melt them down, cash them in to a dealer who will resell them or sell them on Ebay. Either way, you will still get the value of the silver inthe coin, and them maybe a little numismatic value on top. I cringe at the thought of how many millions of coins are melted just for the metal content each time the value of that particular metal increases. :headbang: True there may be millions of low grade Franklins or Walking libertys, but if we melt them all down, who wants to start a collection by colleting only high grade coins? Didnt we all start with a few 'junk' coins and move up from there? The fewer low grade coins to go around could just end up hurting the hoby a bit.</p><p><br /></p><p>Just my 2¢ worth :whistle:[/QUOTE]</p><p><br /></p>
[QUOTE="Daggarjon, post: 116578, member: 4230"]At the rate in which non-collectors turn over coins classed as junk silver, the silver price may start to decline. Of course, at that point the loss to the collecting community is lost forever. One thing i dont think collectors and non-collecters alike dont think of is those coins, which may be junk to them with either their high grade collection or lack of coin collecting knowledge - is that those low grade silver coins may be just the coin to get a beginner started. So dont melt them down, cash them in to a dealer who will resell them or sell them on Ebay. Either way, you will still get the value of the silver inthe coin, and them maybe a little numismatic value on top. I cringe at the thought of how many millions of coins are melted just for the metal content each time the value of that particular metal increases. :headbang: True there may be millions of low grade Franklins or Walking libertys, but if we melt them all down, who wants to start a collection by colleting only high grade coins? Didnt we all start with a few 'junk' coins and move up from there? The fewer low grade coins to go around could just end up hurting the hoby a bit. Just my 2¢ worth :whistle:[/QUOTE]
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Silver Hits $10.00 Part II
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