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<p>[QUOTE=&quot;coinhead63, post: 1397774, member: 28001&quot;]Sending common date and problem silver coins to be melted is common.&nbsp; This could, over decades cause the values to increase somewhat as populations decrease.&nbsp; However, inflation within the PM market will play a more important role in coin values (rare or not).&nbsp; If you look only at the Morgan dollar and it&#039;s total mintage from 1978 to1921, the numbers are in the hundreds of millions.&nbsp; Coin dealers and others who are likely to participate in melting are highly unlikely to send even a problem 1895-O or other damaged low mintage coin to be melted as they can sell these above melt, though discounted deeplyfrom a decent example with the same details.&nbsp; Even if 50,000 1921 Philly morgans were to be melted, it would be a drop in the bucket compared to the tens of millions that were originally minted.&nbsp; I&#039;m sure that some &quot;I buy gold and silver&quot; people accidentally have sent a 1916-D Merc to be melted but that is&nbsp; very rare.&nbsp; Most coins that are melted are damged or badly worn common dates that have mintages in the millions for any given date/mm.&nbsp; So, rest assured, you&#039;re not crazy and yes it is legal (except for cents and nickels by Federal law).[/QUOTE]</p><p><br /></p>

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