Surging bullion prices are bringing into focus silver coin values and their prices, as exemplified in several recent coin news articles.
Silver this week topped the $36 an ounce marker, and was actually near $37 an ounce — milestones that have not been accomplished by the precious metal since the Hunt brothers attempted to corner the silver market in 1980 which brought the metal above $50 an ounce.
Investors, collectors and the US Mint have been taking an even closer look at the melt values of coins which have steadily risen — investors and collectors from the perspective of buying more coins or selling existing inventories to cash in on profits, and the US Mint from wanting to make sure it is not offering coins at prices that are below their melt values. The Mint has actually suspended the sell of one of its numismatic coin products as its price was lower than the value of silver within it.
The coin news articles summarized and linked to today cover aspects of rising coin values and prices.
Staff | CoinNews.net
Silver rose nearly 84% last year, but it was down for most of 2011 until Middle East tensions sparked investor buying and lifted silver prices to new heights. The metal is already 14.2% higher this year and has doubled in price over the past 12 months. In coin terms, a Washington quarter struck for circulation in 1964 now has a melt value of $6.39 since it is composed partly of silver. In contrast …
US Mint Reevaluates Silver Coin Prices
Darrin Lee Unser | SilverCoinsToday.com
The US Mint is reevaluating the prices for its silver products. In fact, the US Mint has halted sales of one of its silver related products, namely the 2010 America the Beautiful Quarters Silver Proof Set. As of last week, the set could no longer be ordered. A short notice was placed on the Mint’s online store stating: “This product is temporarily unavailable.” …
Mint’s U.S. silver coin melts add up
David L. Ganz | Numismatic News
Its current price means that a cull silver dollar has over $23 in precious metal within it. A common date Washington quarter (say 1964, mintage (P&D combined) 1.2 billion) has $5.50 worth of metal in it. And it means that a set of Roosevelt dimes, 1946-1964, some 47 coins, has over $100 in bullion value before you start considering any numismatic attribution …
Mike Thorne | Coins Magazine via Numismaster.com
In fact, I can think of some large silver coins that are popular, interesting, and still remarkably inexpensive. The coins I’ll discuss in this article that satisfy all three criteria are Morgan and Peace dollars in MS-63 (and sometimes MS-64). Morgan dollars were designed by George T. Morgan, Peace dollars by Anthony de Francisci …
