In most countries it is illegal to deliberately damage, deface or destroy money.
No. There are examples of obsolete coins (such as coins of the Confederate States of America) that are made as souvenirs. They are NOT the coinage of a nation, and are not legal tender.
Yes. All coins minted by the U.S. governemnt are legal tender for their face value. Generally they are never used as such because the gold or silver content is worth more.See below link: One measure of an investment is liquidity: How easily can it be converted to cash? Silver Eagles, with their unique U.S. Government backing, can be sold for cash at most coin and precious metals dealers worldwide. They're also legal tender. Their one-dollar face value is largely symbolic, because silver's market price - which is reported in the market pages and Web sites of major newspapers - has historically been higher.
a legal medium of payment
The value of a First Edition set of Sterling Silver coins for the Man's History of Law can vary depending on the condition of the coins, their rarity, and the current market demand. It is recommended to consult with a reputable coin dealer or a numismatic expert to get an accurate valuation.
It is illegal to possess counterfeit coins, regardless of whether they are stamped or not. Counterfeiting is a criminal offense that violates intellectual property rights and can have serious legal consequences. It is not worth the risk to possess counterfeit coins.
No, plus that would be illegal.
Silver U.S. coins dated 1964 or earlier are still legal tender at face value.
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.
Yes it is legal to sell any silver coins to a scrap buyer. But first call around to the buyers in your area for the best price.
Gold and silver are not typically considered legal tender in most modern economies. However, there are some countries where gold and silver coins are recognized as legal tender and can be used to make purchases. In the United States, the Coinage Act of 1965 states that gold and silver coins are legal tender for their face value, but their intrinsic value as precious metals far exceeds their nominal value.
There has been no silver in any British general circulation coin since 1946. Silver is used in some Non-Circulating Legal Tender coins and some Proof coins. Silver is far too expensive to be making coins from. A Penny made from pure silver would be worth a few Pounds.
It hasn't; Mexico still mints "Onzas Plata Libertad" (Freedom Silver Ounces), with some 1.2 Oz of .999 pure silver. Such coins can be purchased at any banking establishment for some 250 pesos (USD$18.66).
All coins come from a mint. Casino coins are sometimes solid silver.
No British circulating coin has contained any silver since 1946. From 1919/1920 to 1946, all British silver coins contained 50% silver. Prior to 1919/1920, all British silver coins were made from sterling silver or, 92.5% silver.
There were proof sets made in 1974 and 1975 where all 8 of the coins were silver, and proof sets made during those years when none of them were silver. Assuming that your coins are in a set, check the 1 Cent coin - if it looks silver, then all the coins in the set are silver; if it looks bronze, then none of the coins in the set are silver.
Just recently with the advent of bullion coins such as the American Silver Eagle. Coins intended for circulation were never 100% silver because silver is simply too soft of a metal for coinage. They were 90% silver in American coins until 1964 for dimes, quarters and half dollars, but other than bullion coins, no coins are made of 100% silver.
Silver coins are typically shinier and have a higher metallic sound when dropped compared to pewter coins. Silver coins are also heavier than pewter coins due to their higher density. Additionally, silver coins may have distinct markings or engravings indicating their silver content.