Quote:
Originally Posted by MindBomber
With the rising price of silver, whats the likelihood that collector value will eventually exceed the metal value?
Or, would you say, the collector value is a safety net in the event the price of silver crashes and not something that adds value to the top end?
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I would say it depends on how rare the coin is or what the mintage was.
If its purely investing based on silver content then it's worth the weight in silver.
For example those 2012 polar bear $20 coins by RCM there's only 1/4 oz in silver (by today's silver content it's only worth 8 bucks give or take) but yet is has a face value of $20. Collectors generally will pay a small premium for this coin and whatever is in the wildlife set.
So in this case, as the new coin was introduced the collector value exceeded the metal value.
There's always a safety net such that the coin is worth exactly $20 and can be considered legal tender (as marked on the coin) but keep in mind you only get 8 bucks in silver