Originally posted by Mizzijr
I have a question. Most of the Silver Coins I see on eBay are 90%. Are those the correct ones to use?
Silver coins are generally worth more not melted these days because of both intrinsic value (how much silver is in them) as well as their numismatic
(coin collector) value. Additionally, when you buy a coin, people know for certain how much silver is in there because the percentage is required by
the mint whereas if you make a lump of shiny stuff, it's difficult to prove the purity and amount. I really am trying to help out here because if you
melt your silver, my coins are worth more
"Most of the melting took place in 1979 and 1980, when silver bullion soared to an all-time high of $50 an ounce. At that point, common-date silver
coins were worth far more as metal than as money or collectibles. Even scarcer items could be melted at a profit.
The value of silver has plummeted since then. In recent weeks, it has hovered around $5 an ounce and the melts have been reduced to a virtual
standstill. Nonetheless, the shape of the coin market has been changed dramatically by the earlier melts, and the future course of the hobby -- for
better or worse -- has been altered permanently.
Something else seems clear regarding the melts themselves: While common-date coins and circulated pieces made up the bulk of the items that were
melted, scarcer ones frequently bit the dust, as well. Although they had premium value as collector's items, many were worth even more as mere metal
when bullion prices shot through the roof.
Many silver proof coins were melted, for example. So were certain semi-key silver coins in lesser grades.
"Essentially," Carr observed, "the key coins now are common, since they're the ones that were saved -- and the formerly common coins are now rare,
since most of them were melted." - www.pcgs.com...
There are certainly other products you can melt to create art that contain silver that may cost less than coins. Just some things to consider, not
trying to lecture anyone.
edit on 19-2-2012 by saint4God because: added quote from article
edit on 19-2-2012 by saint4God
because: (no reason given)