Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
removing large volumes of coins from circulation
>
Reply to Thread
Message:
<p>[QUOTE="desertgem, post: 1527793, member: 15199"]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">Melt some and try to sell the resulting lump to a recycler, and see what is offered. With the thefts that are occurring in most states, they will probably take photos of your DL and have it available when any theft is reported to the local PD. You can't prove it isn't, as it is illegal to melt copper cents or cuNi 5 cents so you can't say your source of the metal. Most recyclers don't want lumps as they have no idea if it is homologous through out and be mainly steel, they want surplus tubing, wiring, etc. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"> This isn't only true for copper, but for PM also, lumps do not get melt price. The Gold and silver exchanges offer very low prices as they are taking a huge risk for even marked items. Anyone can buy a stamp from a jeweler supply store with ".925", "Sterling", " .999" and use it on low percentage precious metal items such as unknown maker bars, rounds, etc. The exchanges only get the money after the smelting and assay of their submission, and low returns are not unknown.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Jim</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1527793, member: 15199"][LEFT][COLOR=#000000] Melt some and try to sell the resulting lump to a recycler, and see what is offered. With the thefts that are occurring in most states, they will probably take photos of your DL and have it available when any theft is reported to the local PD. You can't prove it isn't, as it is illegal to melt copper cents or cuNi 5 cents so you can't say your source of the metal. Most recyclers don't want lumps as they have no idea if it is homologous through out and be mainly steel, they want surplus tubing, wiring, etc. This isn't only true for copper, but for PM also, lumps do not get melt price. The Gold and silver exchanges offer very low prices as they are taking a huge risk for even marked items. Anyone can buy a stamp from a jeweler supply store with ".925", "Sterling", " .999" and use it on low percentage precious metal items such as unknown maker bars, rounds, etc. The exchanges only get the money after the smelting and assay of their submission, and low returns are not unknown. Jim [/COLOR][/LEFT][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
removing large volumes of coins from circulation
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...