Can you melt us silver coins

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.

The U.S. Silver Coin Melt Value Calculator, located below, can be used to determine the total silver value and total silver content of a single United States issued silver coin or a combination of several different types and quantities of U.S. silver coins. No. It is illegal to melt or break up coins in the UK. According to the UK Coinage Act 1971, one cannot melt or break any metal coin which is, or has been, current in the United Kingdom after 16th May 1969 (on that day, Parliament approved the Decimal Currency Act). So you cannot melt your pennies in the UK. To find the melt values of more coins visit the NGC Coin Explorer. A coin's numismatic or collector value may be higher than its melt value. For values of specific dates and grades for NGC-certified United States silver coins, visit the NGC US Coin Price Guide. Stay on top of the rare coin market with the NGC Weekly Market Report free e-newsletter. You might also like to try a calculator from the menu above. To figure total silver melt value for different quantities and types of United States silver coins, use the U.S. Silver Coin Melt Value Calculator. There is also a Canadian Silver Coin Melt Value Calculator and an Australian Silver Coin Melt Value Calculator.

Whatever you can get for it is 100% profit. Paying someone to melt it down is only going to reduce your profit. It's a piece of silver bullion as is and doesn't need to be melted down. As a collector piece - it's a gaming token, NOT a coin - it could be worth more than the silver if it's in top condition.

A coin's numismatic or collector value may be higher than its melt value. For values of specific dates and grades for NGC-certified United States silver coins, visit the NGC US Coin Price Guide. Stay on top of the rare coin market with the NGC Weekly Market Report free e-newsletter. Get timely coin collecting news from industry insiders. You might also like to try a calculator from the menu above. To figure total silver melt value for different quantities and types of United States silver coins, use the U.S. Silver Coin Melt Value Calculator. There is also a Canadian Silver Coin Melt Value Calculator and an Australian Silver Coin Melt Value Calculator. Most of the melting took place in 1979 and 1980, when silver bullion soared to an all-time high of $50 an ounce. At that point, common-date silver coins were worth far more as metal than as money or collectibles. Even scarcer items could be melted at a profit. The value of silver has plummeted since then. Until this month, melting down coins hasn’t been illegal in the US. But from now on, dumping your chump change in the fondue set and turning it into an ingot could get you up to five years in prison and a $10,000 fine. If you’re considering shipping coins out of the country for melting, The U.S. Silver Coin Melt Value Calculator, located below, can be used to determine the total silver value and total silver content of a single United States issued silver coin or a combination of several different types and quantities of U.S. silver coins. No. It is illegal to melt or break up coins in the UK. According to the UK Coinage Act 1971, one cannot melt or break any metal coin which is, or has been, current in the United Kingdom after 16th May 1969 (on that day, Parliament approved the Decimal Currency Act). So you cannot melt your pennies in the UK.

Wondering how to sell silver coins for melt value? Now it's easier than ever with high silver market price and active silver investment market. All you need is to 

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. Whatever you can get for it is 100% profit. Paying someone to melt it down is only going to reduce your profit. It's a piece of silver bullion as is and doesn't need to be melted down. As a collector piece - it's a gaming token, NOT a coin - it could be worth more than the silver if it's in top condition.

24 Jan 2013 One American dollar is divided into 100 smaller units called cents. This would allow smelters to melt the coins and re-sell them. Exotic metals such as silver and gold were used by the United States mint for making coins.

Being able to quickly access the silver melt value of a coin means that you could possibly pick up a few non MS (Mint State) coins for less than their spot value. A few important notes I should make is that melting coins is illegal and we do Also, the numismatic values for gold and silver coins on USA Coin Book, are now   How can you sell more silver than exists? The banks manage it all the time. I'm sure they've figured out a way to melt more coins than were  A 40% silver quarter dollar was created for the United States' bicentennial, but it was only You can still buy rolls and bags of these coins for their melt value. (1) The exportation in any one shipment of 5-cent coins and one-cent coins and one-cent coins of the United States shall not apply to coins exported, melted, (3) The separation of the 5-cent and one-cent coins from the other materials would be that are composed of an alloy comprising copper, silver and manganese. Wondering how to sell silver coins for melt value? Now it's easier than ever with high silver market price and active silver investment market. All you need is to 

12 May 2006 The Mint declined to say how many of the UK's 6.3 billion 2p coins dated from thanks to its role as one of the best electrical conductors in the world. in melting down such huge quantities of coins would seem to us to make 

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  This US melt calculator lets you find the intrinsic value of silver coins. You simply Do you want to know the melt or intrinsic value of your older Canadian coins? Being able to quickly access the silver melt value of a coin means that you could possibly pick up a few non MS (Mint State) coins for less than their spot value. A few important notes I should make is that melting coins is illegal and we do Also, the numismatic values for gold and silver coins on USA Coin Book, are now   How can you sell more silver than exists? The banks manage it all the time. I'm sure they've figured out a way to melt more coins than were 

Selling silver coins for melt value is, thus, quite an interesting and lucrative prospect too, provided that you do the requisite homework prior to taking them to the market. The rarer and lesser circulated silver coins you have in your kitty, the upper an edge you will have. Most of the melting took place in 1979 and 1980, when silver bullion soared to an all-time high of $50 an ounce. At that point, common-date silver coins were worth far more as metal than as money or collectibles. Even scarcer items could be melted at a profit. The value of silver has plummeted since then.