Does anyone know of anything regarding the melting of silver American Eagles? First, I'm not sure if they can legally be melted. But, I figured that with the price of silver running up so sharply in spring, 2011 there were certainly people with Eagles that they bought many years earlier at MUCH LOWER prices. Surely, you'd think some of them would have been tempted to sell when silver spiked so sharply.
Also, if you want to broaden the topic to gold eagles and Canadian Maples, that would be fine.
Can anyone share any stories about this or percentages that have been melted down which you've run across?
Melting of silver ASE's...
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Melting of silver ASE's...
by Recyclersteve » Thu Oct 22, 2015 2:27 am
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: Melting of silver ASE's...
by 68Camaro » Thu Oct 22, 2015 5:54 am
Yes they can be legally melted and Ive seen that done on video, but with the exception of "impaired" coins that are scratch and dent, that isnt the reasonable thing to do while they are carrying premiums and bulk generic is available for less.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
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The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Melting of silver ASE's...
by silverstacker » Sat Oct 24, 2015 8:14 am
Makes this ASE enthusiast cringe just thinking of melting beautiful ASE's
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
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