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<p>[QUOTE=&quot;clembo, post: 390732, member: 8033&quot;]Unfortunately we call that business bommi.</p><p><br /></p><p>I work in a coin shop and we do jewelry as well. When gold hit $1000 for one day we gutted our cases of a great deal of rings and chains. The gold melt was worth more than the jewelry. Unless it&#039;s an extraordinary stone we look for the metal.</p><p>We buy jewelry every day for nothing more than the metal. It is taken to Chicago and refined in 100 ounce batches.</p><p><br /></p><p>We also have several &quot;melt&quot; buckets in our vault. Silver coins go in these buckets by denomination and purity. There are buckets for 90% silver half dollars, quarters and dimes as well as a bucket for 40% halfs and war nickels.</p><p><br /></p><p>This stuff usually ends up with another dealer who may need it but I&#039;ll guarantee some of it gets melted along the way.</p><p><br /></p><p>Have I found anything good in these buckets. Yes, found a 1916-D Mercury Dime and 32-S and D Washington quarters. ALL of those are key dates and glad I found them. I just wonder how many HAVEN&#039;T been found due to lack of time.</p><p><br /></p><p>We also have a bucket for sterling and odder grade silver. I throw perfectly nice proof coins from other countries in there as well as old world coinage with little collector value.</p><p><br /></p><p>Like I said unfortunate but true and business.[/QUOTE]</p><p><br /></p>

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