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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.
What else can I help you with?
Is it legal to trade goods for discontinued silver coins?
Silver U.S. coins dated 1964 or earlier are still legal tender at face value.
Where can you sell your silver dollar coins for the silver content?
No, once it is currency, It's property of the Treasury and to only be use as legal tender. Most, if not all coins, are worth / cost more than face value (pennies cost 1 to 1.5 cents in materials).
Are there us coins that are no longer legal tender?
All U.S. coins are still legal tender at face value, but many are worth more to collectors, or as bullion. For example, a 1950s Franklin half dollar is currently worth about $9 for its silver content, but to try to spend it at a store or exchange it at a bank, it would only be good for 50 cents.
Where are US coins currently minted?
The US has four mints that make coins. The US mints make coins in the denominations of 1 cent, 5 cents, 10 cents, 25 cents, 50 cents, and 1 dollar for general US circulation. Half dollars and dollar coins are not often used but they are legal tender and can be used in circulation. The US mint also makes bullion coins made of silver and gold. On top of that they make special coins that commemorate anniversaries of special events. These are just some of the coins that the US mints make.
Is it legal to sell the silver nickels to scrap dealers for the silver?
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.
Is Gold or Silver legal tender?
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.
Are Kennedy dollar coins legal tender?
Please check the back of the coin, you'll find it's a HALF dollar. And yes, Kennedy half dollars have always been legal tender. Any circulation-issue coins dated 1971 or later are made of copper-nickel like dimes and quarters; they have no extra value so feel free to spend them. If you have one dated 1965 to 1970 it's made of 40% silver, while 1964-dated ones are 90% silver so they're worth extra for their precious metal content.
Is there silver in the current English coinage?
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.
What do you do with 4 coins that equal 45 cents that are a 5 cent coin 2 10 cent coins and a 20 cent coin?
If they are Australian coins, they are all still legal tender. You can take them to a shop and buy something worth 45 cents, or put a deposit on something worth more than 45 cents. You could put it in a money box or give it to a charity.
What is the value of 10p in Ireland?
Irish 10p coins are no longer legal tender. Instead, Ireland uses the Euro. These 10p coins have very modest values to collectors. Your coin might be worth up to about 15 cents US if circulated or up to 50 cents if uncirculated.
When did Mexico stopped making silver coins?
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).
The republic of Uganda Set of six legal tender coins in silver?
The Republic of Uganda issued a set of six legal tender silver coins featuring various national symbols and themes. These coins are typically produced for commemorative purposes and can include images of notable figures, wildlife, and cultural heritage. They are recognized as legal currency but are often sought after by collectors due to their artistic value and limited mintage. The coins exemplify Uganda's rich heritage and commitment to preserving its history through numismatics.
