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What do you see as currently over-hyped coins?
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<p>[QUOTE="JoshuaP, post: 26452681, member: 114157"]It is the high premium that I don't understand. I know why people like the coin, but very few - if any - silver coins are currently commanding such a high premium. If I were a stacker, I wouldn't care what type of silver I had. However, what I see in most stackers is actually a fairly narrow category. Old silver foreign coins, 40% silver halves, and war nickels seem to generally sell below melt. It seems that if I were in the refining/minting business, I would take a look at the market and try to follow the current trends. In essence, I am saying silver isn't just silver. I recently sold a lot of sterling jewelry and silverware and was surprised I couldn't get more than 70% spot on it. Compare that to 90% junk silver which is more like 90% spot. Then you have .999 which is even closer to spot. It makes me think that stackers are not actually sackers, but rather badly concealed collectors. Back in the day, people used hack silver for trade! To each his own.[/QUOTE]</p><p><br /></p>
[QUOTE="JoshuaP, post: 26452681, member: 114157"]It is the high premium that I don't understand. I know why people like the coin, but very few - if any - silver coins are currently commanding such a high premium. If I were a stacker, I wouldn't care what type of silver I had. However, what I see in most stackers is actually a fairly narrow category. Old silver foreign coins, 40% silver halves, and war nickels seem to generally sell below melt. It seems that if I were in the refining/minting business, I would take a look at the market and try to follow the current trends. In essence, I am saying silver isn't just silver. I recently sold a lot of sterling jewelry and silverware and was surprised I couldn't get more than 70% spot on it. Compare that to 90% junk silver which is more like 90% spot. Then you have .999 which is even closer to spot. It makes me think that stackers are not actually sackers, but rather badly concealed collectors. Back in the day, people used hack silver for trade! To each his own.[/QUOTE]
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