Silver spot prices touched $33.50 per ounce this week, the highest level since 2012. The rally has sparked renewed interest in junk silver and constitutional coinage.
Impact on Collectors
Pre-1965 US silver quarters, dimes, and half dollars now trade at roughly 22-24 times face value, up from 18x just three months ago.
Dealers report that 90% silver bags have become difficult to source as holders are reluctant to sell.
For collectors, the silver surge creates both opportunities and challenges. Common date Morgan and Peace dollars have appreciated roughly 15% since October, while key dates remain stable.
Some analysts predict silver could test $40 by mid-2025 if industrial demand continues growing. Others suggest the current rally is overextended.
Collectors focused on numismatic value rather than melt should see minimal impact on rare date premiums.
