Can you legally melt down silver coins
11 Jun 2011 You want to focus on hoarding pre-1982 U.S. pennies, which contain 95% And the coins get heavy fast; 3.11 grams per coin if it's a pre-1982. be a very minimal profit -- but then again, that's what they said about silver a decade ago. in this form, melting or otherwise disfiguring U.S. currency is illegal. In our opinion, one of the best places to take your coins for melt value is Midwest coins and bullion coins should never be considered for being melted down See melt values for U.S. silver coins, including morgan silver dollars and silver quarters. NGC provides historical coin melt values, coin price information and a But when you melt a pre-1982 cent, and sell it for its copper value, that's genuine and legal (EDITOR'S NOTE: Please see update at bottom of this page regarding U.S. cents and nickels). Also, silver refiners have been melting coins for decades. Precedent is on your side.
And the bankers who melted silver coins well I hope they are also pretty bad, since you can buy pure silver bullion coins at melt value with very little premium. I daresay that many of the billions of coins have been melted down, the US Government would never exceed it's authority or use quasi legal
Yes, it is legal to melt down silver coins for scrap. Many coin dealers and jewelry stores will buy them from you at melt prices along with refiners. The only coins illegal currently to melt down Despite rumors to the contrary, it is not illegal to melt U.S. silver coinage for its metal value. It was illegal from 1967 to 1969 to do so, during which time the government recalled as much silver coinage from circulation as it could. Since then, it is legal to melt silver coinage, as there is little, if any, in circulation. It is also illegal to export the coins for melting. Even if it is legal for someone (somewhere) to buy silver coins melt down, will the is, however, illegal u. Yes, it is legal to melt down silver coins for scrap. Many coin dealers and jewelry stores will buy them from you at melt prices along with refiners. The only coins illegal currently to melt down in the US are pennies and nickels. Yes, you can melt down silver coins but it is not recommended for a variety of reasons. First, the silver is easier to sell or exchange if it is in the form of a recognizable coin or bar. If melted down into an unrecognizable bar, it will be difficult to sell and potential buyers would have to test it to determine fineness. It´s legal in most of the countries in the world and it´s good for the producing mints… if you melt down their coins it´s more easy for them so sell new coins… but in most cases it makes no sense to melt down gold coins because you`ll get even for a scratched coin more than the melting value.
Yes, you can melt down silver coins but it is not recommended for a variety of reasons. First, the silver is easier to sell or exchange if it is in the form of a recognizable coin or bar. If melted down into an unrecognizable bar, it will be difficult to sell and potential buyers would have to test it to determine fineness.
1 Jan 2020 At that point, common-date silver coins were worth far more as metal than " Unfortunately, though, you can't do things over," he quickly added. "Once that happened," Hendrickson said, "a guy couldn't go down About Us · Advertise · Careers · Contact Us · Press & Media · Privacy & Legal Info · Sitemap
Silver and Gold Coin Calculators. When you select one of the silver or gold coin melt value calculators, you only need to know the quantity of each type of coin you have. The coin calculators will provide the amount of precious metal that is contained within the number of coins that was entered.
1 Jan 2020 At that point, common-date silver coins were worth far more as metal than " Unfortunately, though, you can't do things over," he quickly added. "Once that happened," Hendrickson said, "a guy couldn't go down About Us · Advertise · Careers · Contact Us · Press & Media · Privacy & Legal Info · Sitemap At 90% silver, the Mercury dime is worth about $1.44 when the silver spot price is $20. You can do these same calculations for the silver quarter when you know 10 Dec 2019 It's illegal to melt down 5-cent and one-cent U.S.coins.3 Investors hoping to Thus, the meltdown value of a pre-1982 penny was about 70% more than the face value. Learn About the World's 10 Biggest Silver Producers.
Before you attempt to melt a silver coin for jewelry, make sure your coin actually consists of silver. Some old and commemorative coins are silver, but more common silver-tone coins actually consist of zinc, copper, nickel and other base metals and have little to no silver. Coin silver tends to melt
And the bankers who melted silver coins well I hope they are also pretty bad, since you can buy pure silver bullion coins at melt value with very little premium. I daresay that many of the billions of coins have been melted down, the US Government would never exceed it's authority or use quasi legal
15 Oct 2012 whether it is legal or illegal for you to destroy a coin or paper money. decreasing the proportion of precious metals – in gold or silver coins 11 May 2012 On the other hand, that same penny -- if melted down for the copper it contains -- could be worth quite a bit more. Due to the fact that it costs the 12 May 2006 In the UK, however, the Mint said that melting down its currency was not only illegal - but impractical. "Even if it were legal, the practicalities 11 Jun 2011 You want to focus on hoarding pre-1982 U.S. pennies, which contain 95% And the coins get heavy fast; 3.11 grams per coin if it's a pre-1982. be a very minimal profit -- but then again, that's what they said about silver a decade ago. in this form, melting or otherwise disfiguring U.S. currency is illegal. In our opinion, one of the best places to take your coins for melt value is Midwest coins and bullion coins should never be considered for being melted down