Discussion in 'US Coins Forum' started by Danr, Nov 13, 2009.
you may find this handy
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Silver coin value charts for lots of countries.
I found it because I wanted to buy a lot of Barber halves and I wanted to know how much over melt the price was.
I get it now lol
You're correct. Any silver coin (other than war nickels) can be melted legally. That's because silver coins don't circulate anyway, so melting them will not remove a viable coin from circulation.
This is the calculator I use for Canadian silver coins. It also has calculators for New Zealand, Australian and U.S. coins.
You don't have to be sorry. It was a good, honest question. The other reason people might want to know is because there are millions of worn out silver coins out there, with very little numismatic premium over what the silver in them is worth. And nobody prizes them. They can be beat up, ugly looking, worn out, and hard to sell. Some people will hold on to them, while others would rather cash them in for silver value and let them get melted.
If silver ever hits $60 or maybe even $100.00 an ounce, you can bet that many, many silver coins that used to be decent, lower dollar, collectors items will be sold and melted down. Just because silver could drop back down to $17 an ounce and the coins wouldn't be worth much numismatic premium again at that point. People would cash out and let them go to the melting pots if they ever got a chance like that. $18 for every common silver quarter?? Oh yeah, they'd be melting them down 24/7.
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