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<p>[QUOTE="SteveCaruso, post: 1418124, member: 37497"]If you take a legal tender Peace Dollar and ding it with a hammer so that the date is blanked out, is it still Legal Tender? Yes. Is a PO1 Peace Dollar still Legal Tender? Yes. If you take a PO1 Peace Dollar and ding it up with a hammer a few times is it still Legal Tender? Maybe? Depends on the damage.</p><p><br /></p><p>The fact is that it's impossible to draw a definite line as to where wear and damage destroy the "Legal Tender" of a coin (again, "at how many grains of sand does a pile become a mound?"). That's the technicality that Carr is banking on.</p><p><br /></p><p><br /></p><p><br /></p><p>Fine silver planchets require less processing, as .900 silver planchets are made from fine silver that is then <i>additionally</i> alloyed with copper. With today's prices, the alloying process <i>costs more than the 10% reduction of silver in the metal when contracting in bulk</i>, and because of this the US Mint itself is considering making such a switch. In other words, yes coin silver has less <i>intrinsic</i> value but it actually costs more to <i>manufacture</i>.</p><p><br /></p><p>This was in the news not too long ago. Read: <a href="http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/" rel="nofollow">http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="SteveCaruso, post: 1418124, member: 37497"]If you take a legal tender Peace Dollar and ding it with a hammer so that the date is blanked out, is it still Legal Tender? Yes. Is a PO1 Peace Dollar still Legal Tender? Yes. If you take a PO1 Peace Dollar and ding it up with a hammer a few times is it still Legal Tender? Maybe? Depends on the damage. The fact is that it's impossible to draw a definite line as to where wear and damage destroy the "Legal Tender" of a coin (again, "at how many grains of sand does a pile become a mound?"). That's the technicality that Carr is banking on. Fine silver planchets require less processing, as .900 silver planchets are made from fine silver that is then [I]additionally[/I] alloyed with copper. With today's prices, the alloying process [I]costs more than the 10% reduction of silver in the metal when contracting in bulk[/I], and because of this the US Mint itself is considering making such a switch. In other words, yes coin silver has less [I]intrinsic[/I] value but it actually costs more to [I]manufacture[/I]. This was in the news not too long ago. Read: [url]http://www.coinworld.com/articles/mint-touts-cost-savings-in-999-silver-switch/[/url][/QUOTE]
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