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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 coins?
It is illegal to melt U.S. coins. You can go to the United States Government mint site www.usmint.gov for more information.
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.
Is it illegal to melt silver and gold coins?
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.
Is it illegal to melt down silver eagles?
no
When did it become legal to melt silver coins?
If you are asking about melting silver coins in the US, it is not illegal. I think Canada may have laws against it as do many other countries but as of today the USA does not deem it illegal. There is a recent law (regulation by the Mint) that prohibits melting pennies and nickels for their metal value, as the value of the metal exceeds the face value of the coin. You may still use them as artistic material for sculpture, etc. As the Mint does not produce silver coins anymore, they have no interest in those coins. Bullion producers buy them and melt them by the ton.
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.
What is the value of a 1951 Canadian Dime?
In US dollars it has a melt value of $1.37. It is illegal to melt these coins for the metal they contain.
What temperature do silver coins melt?
The melting point of silver is 961.8 degrees Celsius (1763.2 degrees Fahrenheit). Silver coins would begin to melt at or close to this temperature, depending on the purity of the silver and any other alloying metals present.
Can you extract pure silver from coins?
No, plus that would be illegal.
What is the melt value of Longines Symphonette sterling coins?
The melt value of Longines Symphonette sterling coins would depend on the current market price of silver. Sterling silver is typically composed of 92.5% silver and 7.5% other metals, so the melt value would be calculated based on the weight of the silver in the coin. To determine the exact melt value, one would need to weigh the coins and then multiply the weight by the current price of silver per ounce.
Where can you melt down coins?
In most countries, melting down of legal tender is illegal.
