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Do silver coins still get melted ?
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<p>[QUOTE="qsb, post: 847692, member: 24378"]I work with a certain dealer that is always buying and selling silver. The scuffed and scratched silver eagles that they buy, they have them melted and minted into new .999 silver rounds. For them, they can sell a brand new bullion privately minted round for more than they can a circulated ASE.</p><p> </p><p>Personally I wouldn't melt junk silver coins, because once it is melted down, there is no marking on it to show the purity and weight of the piece. It is generally known that pre-1965 coins contain silver, so the coin itself is the proof of silver contant. Once melted it's hard to prove that it is actually silver. Unless there is currently a mint that mints 90% silver rounds. I'm not familiar with one...[/QUOTE]</p><p><br /></p>
[QUOTE="qsb, post: 847692, member: 24378"]I work with a certain dealer that is always buying and selling silver. The scuffed and scratched silver eagles that they buy, they have them melted and minted into new .999 silver rounds. For them, they can sell a brand new bullion privately minted round for more than they can a circulated ASE. Personally I wouldn't melt junk silver coins, because once it is melted down, there is no marking on it to show the purity and weight of the piece. It is generally known that pre-1965 coins contain silver, so the coin itself is the proof of silver contant. Once melted it's hard to prove that it is actually silver. Unless there is currently a mint that mints 90% silver rounds. I'm not familiar with one...[/QUOTE]
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