silver towne

Discussion in 'US Coins Forum' started by leaconcen, Jun 27, 2011.

  1. leaconcen

    leaconcen learning constantly

    I recently tried to buy a bronze first spouse from silver towne, which I know was available online last week. By the weekend, I could find it on Google but not on their website when I checked for others. I suspect they are continuing to melt down medals and other commemoritives for their metal.
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Why would they melt a $5 numismatic item to get maybe 25 cents worth of copper?
     
  4. leaconcen

    leaconcen learning constantly

    I am possibly wrong, but they have been known to melt such items before, and it is strange that all the first spouse bronze medals disappeared at one time. They have their own medals to make also.
     
  5. Conder101

    Conder101 Numismatist

    Maybe watch for them on the TV hucksters. Silvertowne supplies at least one of them. If they were getting a glut of the medals in stock they may try dumping them there. I'm sure Silvertowne doesn't pay much for them and if they aren't moving for them they could blow them out to other dealers, or if they purchased them cheap enough they just might melt them down for their own use. That's why they were melting down the gold first spouse pieces back in 2007 and 2008. They were buying them for close to bullion and no one wanted to buy them as coins for a premium. they had a lot of money tied up in the coins and the bullion value was about what they paid for them so they recovered the metal for thier own use.
     
  6. leaconcen

    leaconcen learning constantly

    One thing I know is that I will never try to buy from them again. They have lost a potential buyer. It is a shame though; the first spouse bronze medals are very hard to find on the internet. Either they are repackaged by Coins of America or are found on EBay. I did not want to buy on EBay again but I had no choice. I found the 2007, 2008, and 2009 bronze first spouse sets there. Thankfully, from now on I will buy directly from the mint.
     
  7. Conder101

    Conder101 Numismatist

    You will never try to buy from them again because when you did they didn't have what you wanted?
     
  8. leaconcen

    leaconcen learning constantly

    I will not buy from them again due to their practice of melting mint products for their metal (not sure about this time but is probably true in 08). I did not find out about their melting US mint products until after I tried to buy from them. A medal and the other non coin products are a piece of history and art. It should be respected not destroyed.
     
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