Melt values
Posted: Wed Dec 11, 2024 3:14 pm
I am new to this and am selling my collection that was accumulated until I was 18 ( 60 yrs ago)
I am surprised that the melt value of most of the silver is greater than the lower grades.
Most of my coins are in the lower grade group, and it would appear that a person would want to take it to the USA for melting to get more for them.
You explain that melting in Canada is illegal, but I assume many coins are sent or taken away to melt.
This naturally means that there are a lesser number of a specific mintage coins to buy, so the remainder should have a higher price as the supply is less.
Has this been the history of lower grade coins inthe past few years (irrespective of the silver price) , and if so, how has that decrease in supply been monitored ,if at all ?
I am surprised that the melt value of most of the silver is greater than the lower grades.
Most of my coins are in the lower grade group, and it would appear that a person would want to take it to the USA for melting to get more for them.
You explain that melting in Canada is illegal, but I assume many coins are sent or taken away to melt.
This naturally means that there are a lesser number of a specific mintage coins to buy, so the remainder should have a higher price as the supply is less.
Has this been the history of lower grade coins inthe past few years (irrespective of the silver price) , and if so, how has that decrease in supply been monitored ,if at all ?