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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (4435)1/13/2002 12:47:44 AM
From: long-gone  Read Replies (1) | Respond to of 8010
 
<<"Bearing a background that sometimes resembles the plot of
a Hollywood movie, more than 100,000 silver dollars, many
grading Mint State 65, MS-66, MS-67 and even MS-68, are
entering the market from a single hoard owned by a Las
Vegas casino owner murdered in 1998 by the man hired to
build the vault in which the coins were stored">>

So that would be only 60-90K oz of silver were it refined to "good delivery" & were the coins only valued at "melt". What chance is coins of this grading would ever be reduced to "melt", At what price (in general) would silver need to be greater than the collector value of said coins? That is if one is to believe the PM bears that say at some point everything will be reduced to only the value of the melted metal.