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<p>[QUOTE="10gary22, post: 1013021, member: 23626"]I believe the refininers (smelters) buy US coins by face may be because of the traditional market and knowing the exact (within tolerance) composition of each coin. Actual weight loss is probably small enough not to be considered significant ? </p><p> </p><p>I do know that Silver investment coins are sold by $100, $500 & $1000 bags and traded that way, while bullion is traded by weight. At least that's how everyone I dealt with did it. Somehow I feel that if the industy was losing money, the method would change ?[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1013021, member: 23626"]I believe the refininers (smelters) buy US coins by face may be because of the traditional market and knowing the exact (within tolerance) composition of each coin. Actual weight loss is probably small enough not to be considered significant ? I do know that Silver investment coins are sold by $100, $500 & $1000 bags and traded that way, while bullion is traded by weight. At least that's how everyone I dealt with did it. Somehow I feel that if the industy was losing money, the method would change ?[/QUOTE]
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The "Real" Weight of Junk Silver
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