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so how much stuff do you think got melted in the early eighties?
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<p>[QUOTE="desertgem, post: 1563110, member: 15199"]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">No one even had an idea of how much was there before the melting started, so no. There will be numismatic collectors and those who want to make money from the volatility, so if silver does extend to $50 within the next 6 months, there will be plenty of melting. But not all will be coins~ jewelry, tableware sterling, industrial waste, etc. Many missed the $49 level before and won't do so this time. Silver coins will continue to increase in price, because the underlying silver would be do so. I think it would be a good thing in the long run by reducing the amount of damaged, altered, and worn coins.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">By the way, the Hunt bros. started the plan and had about 1/3 total silver ( not under some government's control) under contracts before the jewelry industry, especially The Tiffany family, starting using their influencial political power to get the government and the exchanges to change their margin rules severely, and the Hunts couldn't financially comply. They were playing by the rules, but the rules were changed on them in the middle or they might have run silver to $200 and really reduced the coinage available.IMO.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1563110, member: 15199"][LEFT][COLOR=#000000] No one even had an idea of how much was there before the melting started, so no. There will be numismatic collectors and those who want to make money from the volatility, so if silver does extend to $50 within the next 6 months, there will be plenty of melting. But not all will be coins~ jewelry, tableware sterling, industrial waste, etc. Many missed the $49 level before and won't do so this time. Silver coins will continue to increase in price, because the underlying silver would be do so. I think it would be a good thing in the long run by reducing the amount of damaged, altered, and worn coins. By the way, the Hunt bros. started the plan and had about 1/3 total silver ( not under some government's control) under contracts before the jewelry industry, especially The Tiffany family, starting using their influencial political power to get the government and the exchanges to change their margin rules severely, and the Hunts couldn't financially comply. They were playing by the rules, but the rules were changed on them in the middle or they might have run silver to $200 and really reduced the coinage available.IMO. [/COLOR][/LEFT][/QUOTE]
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so how much stuff do you think got melted in the early eighties?
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