The reason comes down not only to the shift in spot prices , but it also comes down to premiums. While premiums for gold and silver bullion tend to be fairly low, they are often increased for rare and collectible coins.
The reason for this effect is the story provided to the coin—the worth of its narrative. However, when selling coins, buyers usually purchase them for their melt value, as they are less concerned with the story, especially for coins that are not as notable. If you have any further questions regarding spot prices, consider reading up on our Bullion Buying Guide. I think this is an informative post and it is very useful and knowledgeable. Remember to inform your investors that some bullion coins that are marketed here are priced far above any of the value indexes that you mention.
Investors need to understand that numismatic markets are specific to coins that are in demand by collectors, and are not a safe investment for those hedging their bets on the increase of precious metals in value.
Because the cost of processing the silver out is not factored in the Melt Value. Your email address will not be published. Notify me of follow-up comments by email. Why, even among junk silver coins, some pieces are better buys than others. All 20th-century 90 percent silver dimes were made with the same amount of silver, but silver Roosevelt dimes often cost a tad less than the more collectible Mercury dimes.
Older junk silver Barber dimes, on the other hand, are often so badly worn that they contain significantly less precious metal than their more recent, less-worn Mercury dime and Roosevelt dime counterparts.
The question, really, is how much is one willing to pay to buy that silver and gold? Those who are looking for the lowest premiums over spot clearly should choose bullion coins, of which there are many types from mints around the world, in addition to the American Eagle coins from the United States Mint. Investors who are less concerned with immediate profit and want to buy coins with wide overall buyer appeal may lean toward the common pre gold coins and pre 90 percent silver U.
Again, though, premium over spot will be the most important factor in deciding which classic coins make the best buys in those cases. Coin prices, being merely the guide that they are, are often negotiated up or down based on who is selling and who is buying , and bullion values, especially during turbulent economic times, may change substantially within hours, even minutes, necessitating cash or wire transactions rather than credit; this is just one reason that layaway is virtually never offered as a purchase option for coins containing substantial gold or silver content.
Some coin collectors will purchase copies of The Greysheet for themselves to use as a personal reference when buying and selling coins; this is a prudent idea for those who are active buyers and sellers. Bullion investors, meanwhile, will pay more attention to the moment-by-moment gold and silver tickers on sites such as this one. However, coin collectors and bullion investors are wise to keep tabs on both the numismatic premiums and metals prices, because either valuing factor can come into play when buying and selling gold and silver coins.
Understanding how much these factors play into the price of a specific coin will require individual research as to the particulars of the given coin. Indeed, there are no cut-and-dry metrics or specific formulas that will automatically provide reference on how much numismatic premium a said coin will have over its melt value. However, an intimate knowledge of coin prices, which one can gain from perusing the Coin Values site and referring to other coin publications, will go a long way toward helping buyers understand the intricacies of the coin industry and, of course, how much their coins are worth.
Blog Forum Community Secure Login. Understanding Numismatic Coin Values For a new coin collector or investor with little knowledge of the industry, it the matter of coin values may seem almost completely random on the surface. Melt is how much silver is in the item right now. Join Date Feb Posts 2, I am amazed what some will offer. I went to a local pawn shop that is a pretty good size and wanted to sell some silver.
Considering they are 1 mile away, I figured, lets give it a try. Silver was in 30's. I sold some in , and then picked up some more, and didn't have the means to continue I was offered 20 dollars each. But let me tell you. You want a real opportunity, find a way to open a shop for respectable people in poor city.
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