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<p>[QUOTE="-jeffB, post: 3073442, member: 27832"]90% coins trade at a significantly higher price per ounce than 92.5% sterling silver. Even though the sterling contains more silver, the rest of its composition is unpredictable, so refiners offer less for it. (There's also more demand for 90% coins <i>as</i> 90% coins, so often there's no smelting expense involved at all.)</p><p><br /></p><p>If the nominal price of copper goes a lot higher, I'd see the same thing happening with copper cents. I don't know how important "legal to melt" would be, if most of them are swapped without melting.</p><p><br /></p><p>They'll still be bulky, dirty, and unpleasant to deal with, though.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3073442, member: 27832"]90% coins trade at a significantly higher price per ounce than 92.5% sterling silver. Even though the sterling contains more silver, the rest of its composition is unpredictable, so refiners offer less for it. (There's also more demand for 90% coins [I]as[/I] 90% coins, so often there's no smelting expense involved at all.) If the nominal price of copper goes a lot higher, I'd see the same thing happening with copper cents. I don't know how important "legal to melt" would be, if most of them are swapped without melting. They'll still be bulky, dirty, and unpleasant to deal with, though.[/QUOTE]
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