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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 11/01/2009 : 11:49:12
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[quote]Originally posted by Country
It is estimated that only $500M face value 90% coins exist today. 75% of all silver coinage ever minted in the US has been melted down during the great silver melts (there were a few of them).
And the melt continues! Back in 2006, after purchasing some gold Libs from the biggest dealer in the Midwest, he told me that they (at that time) were getting so much junk silver across the counter that they were still smelting as much as $10,000,000 face per month. He stated that they don't have the time to cherry pick it for key dates but only rapidly pull BU coins out. The coin demographics are thus under constant change! Who knows what the eventual numismatic value of various coins will eventually wind up at.
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Hoard now and hold on!
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 11/01/2009 : 12:13:40
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| As the availability of certain dates, mints, and conditions for all coins is slowly realized, I would also venture to assume that the price disparity between grades in the upper range will also shrink. For example, if most of the coins that still exist are AU/BU condition, then the pricing between, say, an AU53, AU55, and AU58 1955 Half will become very small. Also, I would assume that the pricing for low grade coins will be very low in comparison with higher grades... who would want a fine 1957 when the majority are in AU/BU? |
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