![]() ''Those coin melts probably hurt us more than we'll ever know,'' said Leon E. ![]() They outlined their concerns in recent interviews. The future course of the hobby - for better or worse - has been altered permanently.Ī number of observers fear that the change has been for the worse. Nonetheless, the shape of the coin market has been changed dramatically by the earlier melts. In recent weeks, it has hovered between $6 and $7 an ounce and the melts have been reduced to a virtual standstill. The value of silver has plummeted since then. Even scarcer items could be melted at a profit. At that point, common-date silver coins were worth far more as metal than as money or collectibles. Most of the melting took place in 19, when silver bullion soared to an all-time high of $50 an ounce. ![]() Millions of coins have been melted for recapture of their metal and the impact on coin collecting is likely to be enormous. In years to come, however, the value of silver United States coins may hinge on how many were lost. The value of a coin is normally based on how many were made.
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