Readit NewsWe're in the 2400 baud era for coding agents and I for one look forward to the 56k era around the corner ;)
The reason is that silver itself is traded on the various international commodity exchanges and those traders are not the same supply & demand sources as the little guy(s) who likes keeping some old silver coins in their garage. So as those supply/demand curves shift, the premium over/under spot price changes as well.
Do these coins get smelted down or something?
I'm speaking from the perspective of US coins because that's what I specialize in but this generally applies to coins all over the world as well:
Prior to (and including) 1964, US 10c, 25c, 50c, (and when they were made, $1) coins were made of 90% silver. We made A LOT of these, so in terms of outright rarity, most are not rare. Today they're referred to as "junk silver" because in terms of collectibility, they're junk, but the 90% silver content means there's some inherent precious metal value (as of this moment on Jan 30, 2026, they have ~approximately~ 60x their face value in silver content, eg $6, $15, $30, and $60 in silver respectively.)
So that's their basal value that fluctuates with the silver market. But the next layer is actual rarity / collectibility -- if a given coin is desirable enough that it surpasses its metal content, you get a different set of values.
Now to your actual question: Do they get smelted/melted down? The answer is...sometimes. They trade somewhat like financial instruments, based on the assumption that you could melt them down (and there's a cost to doing so), so that's how people value the various silver coins. In reality, there's usually enough demand from people who want to hold physical silver in various forms that they don't actually need to be melted down.
There's obviously a lot more to it, but that's the 5c version ;)
I started with a single 1 ounce silver medallion and was given a quote for $80. When I had checked the silver price earlier this morning it was above $115.
I questioned the buyer about the spread and he said the spot price was down, and the smelters were backed up so that was their best offer.
I brought out some other silver coins, specifically liberty head and Morgan dollars. He looked at the app on his phone and said “hold on I gave you the wrong price,” and then said “I’ll give you $35 for each of them,” including the pure 1 oz silver medallion.
I said no thank you and left, miffed, thinking he was jerking me around.
I didn’t realize the price of silver was collapsing.
Source: Am full-time professional coin dealer (who is NOT fly by night!) and have to deal with the repercussions of people getting hosed by these roadshows all the time :(
It was probably 3x faster than usual. I got more done in the next hour with it than I do in half a day usually. It was definitely a bit of a glimpse into a potential future of “what if these things weren’t resource constrained and could just fly”.
You on the other hand, have for many years honed your craft. The more you learn, the more you discover to learn aka , you realize how little you know. They don't have this. _At all_. They see this as a "free ticket to the front row" and when we politely push back (we should be way harsher in this, its the only language they understand) all they hear is "he doesn't like _me_." which is an escape.
You know how much work you ask of me, when you open a PR on my project, they don't. They will just see it as "why don't you let me join, since I have AI I should have the same skill as you".... unironically.
In other words, these "other people" that we talk about haven't worked a day in the field in their life, so they simply don't understand much of it, however they feel they understand everything of it.
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I guarantee you that price will double by 2027. Then it’ll be a new car payment!
I’m really not saying this to be snarky, I’m saying this to point out that we’re really already in the enshittification phase before the rapid growth phase has even ended. You’re paying $200 and acting like that’s a cheap SaaS product for an individual.
I pay less for Autocad products!
This whole product release is about maximizing your bill, not maximizing your productivity.
I don’t need agents to talk to each other. I need one agent to do the job right.
If you’re not able to get US$thousands out of these models right now either your expectations are too high or your usage is too low, but as a small business owner and part/most-time SWE, the pricing is a rounding error on value delivered.