Database & Rarity Question

[CarmieG]

Hi
I’m new at this coin & note hunt so please forgive me for my ignorance.
Question concerning the database:
When coins of just silver value content are turned in to be melted, doesn’t it
effect the rarity and the value of the coins still in existence?
How would anyone know?

[coinguy]

Depends on what silver coins you are referring to.
Most of the high mintage silver coins turned in are either damaged or well worn with only bullion value.
If it is a rare coin, then it is in someone’s collection. There is no way to know exactly how many have been
turned in to be melted but if it was worth collecting, it has probably been saved. I’m sure there is no shortage
of any of the common better grade silver coins available. I have seen uncirculated rolls for sale on the more
modern coins.

[GBELEC]

One thing you have to keep in mind CarnieG is that if you turn in a coin that is to be remelted you will only get face value for the coin. Most silver coins that are sold among Dealers and collectors their value is based on the price of silver but it is illegal for anyone other then the Mint to melt down a Canadian coin.
Or maybe someone out there can fill me in. Am i missing away that you can turn in coins to the mint for salvage and get more then face value.

[CarmieG]

I’m always learning new things on this website and very appreciative of all responses.
Thank you.