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What Is Numismatic Value vs. Melt Value?

4 days ago
1 min read

What Is Numismatic Value vs. Melt Value? Two concepts sit at the foundation of coin valuation: numismatic value and melt value. Every coin with metal content has both, though the relationship between them varies enormously. What Is Melt Value? Melt value is the value of the metal a coin contains, calculated at current market prices. It represents the absolute floor of what a coin is worth as a piece of metal. For example: if silver is trading at $30 per troy ounce, the melt value of a Morgan silver dollar is approximately $23.20. What Is Numismatic Value? Numismatic value is the collector or market value of a coin based on factors beyond its metal content: rarity, grade, historical significance, collector demand, and design. When a coin's numismatic value exceeds its melt value, the difference is called the numismatic premium. Commonwealth Coins and Collectibles carries both bullion products and certified numismatic coins graded by PCGS, NGC, and CAC. Browse at www.ccandc.gold.

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