Do silver proof coins hold more value than the underlying commodity?
I have quite a few silver proof coins that I want to sell, but I am concerned about selling them for their silver value, rather than their value as collectible coins. How can I get the most money? Selling to a silver dealer, or coin dealer? curtisports2 8:37 am on October 5, 2010 Silver dealers know more about the collector value of proof coins than they want you to know they do, because they see a lot of them, and when they take them in for scrap price, they profit nicely. So that is the last place you should take them. However, not all proof coins carry significant premiums over the ‘melt’ value, and even less so in roaring times like right now. The proof silver eagles have seen their collector values rise along with the price of the metal, though not as steep. Here’s an example: In 2004. that year’s silver proof eagles were going for about three times the price of silver, ( I know, because I bought a bunch of silver coins, proofs and business strikes, from 2004-2006) which averaged
