In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
Please be more descriptive. Include the type and series of the coin.
Canadian dimes dated 1920-1967 contain 80% silver and have a current melt value of about $1.20.
In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
I deal typically with melt value, your coin is worth about $1.81 melt value with 80% silver. However, you may want to check this coin on Ebay coins to see if it is worth more as a collectible.
The value of gold coins can be determined in two different ways--the melt-down value and the coin value. The melt-down value is the value of the pure gold in the coins, which is determined by the weight. The face value of the coins can be found on a collector's website.
It depends.
Canadian coins are face value is the U.S.
It depends on what coin you have. Different denominations are different sizes and made of different materials and then have a different melt value.
You don't. That is against the law. It is a violation of both the Currency Act and The Canadian Criminal Code to deface or destroy a Canadian coin. The law states: ''no person shall melt down, break up or use otherwise than as currency any coin that is legal tender in Canada.'' By the way, if you mutilate the coins, they cannot be used any longer. The Mint won't take damaged coins. They will with bills, but not coins.
Melt
Not really, except for the melt value of whatever metals they contain.
According to the Canadian Counsel they encourage the use of Canadian coin as well as US coins. The use of US coins makes no sense because it holds no value in Canada.
Its face value is 5 cents, but the melt value of a 1955-1981 Canadian nickel is $0.09 so the melt value is 4 cents more than the face value of the coin5 cents. It's not rare, and many are still in circulation.
There is no company that mints Canadian coins. The coins are minted by the Canadian government, not a company. The government entity in charge of minting Canadian coins is the Canadian Mint.