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  #21  
Old 02-04-2018, 04:47 AM
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Originally Posted by Beyonder123 View post
That seems pretty pointless to me. With American coinage, you already have a verified purity. Plus they have a slight added numismatic value. Melting them down is just a pointless waste of money and American history in my opinion.
For me, that would only work with truly 'junk' silver coinage. I have a large bag of bent, cut, gouged, large-holed failed coin-ring attempts, unidentifiable slicks...etc...coins with no numismatic value whatsoever. Would be kind of cool to have a bar made out of that. Otherwise, no-no.

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Old 02-04-2018, 05:28 AM
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Originally Posted by Beyonder123 View post
That seems pretty pointless to me. With American coinage, you already have a verified purity. Plus they have a slight added numismatic value. Melting them down is just a pointless waste of money and American history in my opinion.
Ooh boy are we on the same page... Until it is a faceless, dateless, mint-mark-less slug... It's worthy. There is a HUGE motivation in preserving our American history that indeed drives my coin collecting.
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  #23  
Old 02-04-2018, 05:36 AM
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Originally Posted by sandgroper View post
That's how I do it as well. I put all my dug silvers in coin holders. The stuff I buy goes in organiser boxes.
In any capitalist republic, the history of our money, is indeed equal to the history of our republic.
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  #24  
Old 02-04-2018, 09:21 AM
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I have a lot of junk silver I am hoarding for the future....I figure in 20 years or so when all my kids are grown and on their own my wife and I are gonna take a cruise or something big.....all my good coins....gold, better date silver and coppers, I have locked in a safe and I will leave them to my kids once im 6 feet down, what they do with them is up to them.

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  #25  
Old 02-04-2018, 11:35 AM
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Originally Posted by Beyonder123 View post
That seems pretty pointless to me. With American coinage, you already have a verified purity. Plus they have a slight added numismatic value. Melting them down is just a pointless waste of money and American history in my opinion.
I did not advocate the practice, and have never done it myself. The fact is we're talking about non-rare coins that on the open market are only valued based on their weight and purity. If you can get a coin collector to buy a busted up GW quarter for more than melt value, then more power to you. There is and never will be a shortage of common date mercury dimes, kennedy halves, etc, etc. The open market considers them raw material.
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  #26  
Old 02-21-2018, 11:06 AM
NEA Farmer NEA Farmer is offline
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Originally Posted by Beyonder123 View post
That seems pretty pointless to me. With American coinage, you already have a verified purity. Plus they have a slight added numismatic value. Melting them down is just a pointless waste of money and American history in my opinion.
He said he would have a hard time doing that to coins, but jewelry....

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  #27  
Old 02-27-2018, 10:30 AM
yacorie yacorie is offline
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Originally Posted by NEA Farmer View post
He said he would have a hard time doing that to coins, but jewelry....
"Junk silver" as a commodity trades/sells easy enough so i don't think much of it ever really seems a smelter. The 40% half dollars I know hit the smelter for sure, along with silverware etc. but there is a premium on junk silver when its sold in bulk so most places just move it. At least, that has been my experience.
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  #28  
Old 03-03-2018, 06:38 AM
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Originally Posted by yacorie View post
"Junk silver" as a commodity trades/sells easy enough so i don't think much of it ever really seems a smelter. The 40% half dollars I know hit the smelter for sure, along with silverware etc. but there is a premium on junk silver when its sold in bulk so most places just move it. At least, that has been my experience.
Interesting. I have been steadily collecting over the last 10 years, since right before the last run-up in the value of silver. I have never seen 90% silver sold at spot until recently, by the big name vendors. I have also never seen 40% halves sold at spot. My LCS makes good money on premiums and he never sits on junk silver. Personally, I don't think much even makes it to the smelter, it just changes hands.

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  #29  
Old 03-04-2018, 06:48 AM
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