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Is it legal to melt down 1964 Kennedy 50 cents coins for scrap silver?
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. Silver coins were illegal to melt down before a lot of copper-nickel coinage was circulating but it is legal now.
Is it illegal to melt silver that is not coins?
No it's not illegal to do this.
Is it illegal to melt down us silver dollars?
It would most likely, at the very least, be considered defacing/destruction of Government Property.
How do you melt pennies?
Basically, you don't. It's illegal to melt down U.S. coins.
Where can you melt down coins?
In most countries, melting down of legal tender is illegal.
Is it legal to melt down US coins?
In the US, it is illegal to melt down nickels ( and technically half dimes, but the collector value of half dimes exceed their melt value) and pennies. All other denominations can be melted, though, in the current market, the only legal to melt coins that would bring a profit if melted down would be the silver coins which can easily be resold on the open market for a higher profit just selling the coins to investors than paying someone to refine the silver.
Who melts down pre 82yr pennies?
Nobody. It's illegal to melt down Lincoln cents.
What is the melt down value of a silver dollar?
As of today $14.00 is current MV for US silver dollars
Why did the Spanish melt down the gold and silver artifacts from the conquest?
The Spanish melted down the gold and silver artifacts from the conquest to send the precious metals back to Spain for profit and to meet the high demand for precious metals in Europe. This process allowed them to extract the actual value of the materials.
What is the melt value of silver quarters?
Currently about $5. This price will change as the price of silver goes up or down.
What tepreature do pennies melt at and what do you use to melt them?
First of all, it is illegal to melt down any U.S. currency. However, if the penny is fully copper, which most are not anymore, you will need a device that gets up to 2000 degrees F to melt it down.
What is the melt value of Canadian coins?
In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
