Quote:
Originally Posted by Angry Jew Cat
Cool site. A pre-67 Canadian dime holds $1.69 worth the silver right now. More than I would have guessed. I knew pre-67 dimes held a large silver content, and always pick them out of my change whenever I spot one and realize it. Probably got upwards of a couple hundred of them that are below collector's grade stashed away over the years. What the fuck would you actually do with them though? Literally melt them down? Where's the market for melted coins? Isn't that a federal offense most places? I guess that's my silver investment right there.  |
In the US there is no ban on melting silver coins but there is however a ban currently on melting copper pennies (pre 1982). Most people forget about copper which was around $1.50 a pound is now around $4.50 a pound. This basically comes out to a penny pre 1982 is worth about 3 cents in copper weight but you can't legally melt it at this time.
YOU wouldn't even try to melt old silver coins you find anyway. You go to a we buy gold place and you sell them to them for a little under spot price. They collect a lot and sell it to a company that melts millions of dollars worth of it. That is how the process works.