Sell or Melt

[RD5]

I'm contemplating on whether my coins are worth selling or melting. Basically, are they worth more than the silver in them? What I have is 90% kennedys in better condition, and a 1921 morgan in ok, almost good condition. Are they worth more than the silver in them? Thanks rd5

[barrytrot]

If you have to pay someone else to melt them you are definitely better off with them in "coin form".

If you can do it yourself, you can actually make a profit, including a bit for your time. Especially if you do a nice job as there are many here that will pick up a round or bar or two from "local realcent" people and pay ASE premiums or more in many cases!

[RD5]

I'm thinking of trading to scrapman for his silver rounds

[deacon]

I use Numismedia and the red book to determine the value of coins. If they have any numi value, I put them in 2x2s. If not, I put them in a coin folder. Further duplicates and non numi coins go in rolls.

Melted 90% coins and bullion would be cool. Sounds like an easy way to get rid of culls. I would keep the 90%ers, but I like collecting them the most.

[scrapman1077]

RD5, Ready when you are for a trade !

[Thogey]

If those are the coins I think they are. You can do better than melt.

Your Morgan is VF+

'Almost good' is a real beater! You don't see too many AG 21 morgans. unless they've been run through Las Vegas Slot Machines.

Post pictures and ask the board's opinion.

[RD5]

Yeah, my grading skills are a bit off (ok really off). I've decided not to melt, and to trade, or sell.

[Robarons]

90% is coin form is an acceptable form of investment silver that doesnt have to be refined into 999 Silver and is backed by the US Govt in terms of purity and weight.

Unless its really beat up, holed, worn, etc in some form to take silver away there really isnt no need to do anything to 90%.

The costs of melt/assay/refine silver is crazy unless you got a whole bunch of it. If you want 999 silver just sell the 90% and use proceeds to buy .999 or a trade of some sort

[$nack-Money]

Well, Obamacare was just announced as upheld by the supreme court... I suggest holding on to them for a while before selling. The country will be trashed even further now, but your silver should benefit nicely.

[Engineer]

Well, Obamacare was just announced as upheld by the supreme court... I suggest holding on to them for a while before selling. The country will be trashed even further now, but your silver should benefit nicely.

+1

Obamacare = inflation

[NHsorter]

Obamacare does not necessarily breed inflation. Higher taxation can stagnate the economy. Velocity of money needs to pick up before inflation is going to kick in. If Obama keeps trashing the economy, it could mean deflation. Regardless of any of that, HOLD HIDE your PM's long term and you should end up happy.

[Engineer]

Obamacare does not necessarily breed inflation. Higher taxation can stagnate the economy. Velocity of money needs to pick up before inflation is going to kick in. If Obama keeps trashing the economy, it could mean deflation. Regardless of any of that, HOLD HIDE your PM's long term and you should end up happy.

I realize it won't increase the money supply, but the forced commerce will increase supply of money in the healthcare sector (more dollars chasing the same goods is bound to lead to price inflation). How much of that will be offset by deflation in other areas of the economy is anybody's guess.

[NHsorter]

Obamacare does not necessarily breed inflation. Higher taxation can stagnate the economy. Velocity of money needs to pick up before inflation is going to kick in. If Obama keeps trashing the economy, it could mean deflation. Regardless of any of that, HOLD HIDE your PM's long term and you should end up happy.

I realize it won't increase the money supply, but the forced commerce will increase supply of money in the healthcare sector (more dollars chasing the same goods is bound to lead to price inflation). How much of that will be offset by deflation in other areas of the economy is anybody's guess.

I see your point about the uptick in the healthcare sector, but I also fear a jump in unemployment and a drop in disposable income due to this forced spending. This is forced spending by the "middle class" that does not really have any savings/net worth now anyway so any insurance they have to buy is just less goods that they can buy. Taxes to the rich keep going up and guess what, the money leaves for greener pastures. There is no way to know for sure, there are so many factors. But that is my take.

[RTPMarine]

The only thing I would ever melt is generic bullion which carries no premium, and junk silver that is worn beyond recognition. Morgans should absolutely never be melted unless they are completely flat.