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The great coin melts effect on coin totals.
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<p>[QUOTE="medoraman, post: 1368185, member: 26302"]I am just curious about something. How does a dealer know it is physically melted? Maybe Silvertowne does since they make those little silver medals. I am askign simply because I knew dealers in the past, and when they "melted" coins, they physically shipped them to a dealer who bought junk silver. Now, this dealer, in TX, was also one of the largest dealers in bags of junk silver. When we talk about "melting" silver, is it a euphemism for selling a coin wholesale for a function of its silver value, or are we talking about selling it to a smelting company who does not sell bags of coins, and physically melts them?</p><p><br /></p><p>My suspicion is dealers sell for "melt" never knowing what happens to the coin after that, and many are in fact resold in bags to buyers. Maybe I am wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1368185, member: 26302"]I am just curious about something. How does a dealer know it is physically melted? Maybe Silvertowne does since they make those little silver medals. I am askign simply because I knew dealers in the past, and when they "melted" coins, they physically shipped them to a dealer who bought junk silver. Now, this dealer, in TX, was also one of the largest dealers in bags of junk silver. When we talk about "melting" silver, is it a euphemism for selling a coin wholesale for a function of its silver value, or are we talking about selling it to a smelting company who does not sell bags of coins, and physically melts them? My suspicion is dealers sell for "melt" never knowing what happens to the coin after that, and many are in fact resold in bags to buyers. Maybe I am wrong.[/QUOTE]
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The great coin melts effect on coin totals.
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