It depends on what coin you have. Different denominations are different sizes and made of different materials and then have a different melt value.
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.
In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
Not really, except for the melt value of whatever metals they contain.
Without a date it is impossible to tell. These coins are usually not worth much more than their silver melt value. Their current silver melt value is $27.35 as of late February 2012.
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.
See the website link below for a list of US silver coins made for circulation and their melt value.
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I think you can
No, all denominations of US coins are legal to melt, except for pennies and nickels. However, most US gold carries a high premium over melt value and it is generally more economical to sell silver coins to a coin dealer because most of them are running out of inventory and will pay a lot of money for them and you won't have to worry about refiner fees.
Coins produced by private mints such as Danbury are only worth the bullion or melt value. There is absolutely no collector value.
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.