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<p>[QUOTE="modernnow, post: 783620, member: 22587"]I believe it is illegal to melt any U.S. coinage. The nickels and pennies make news and are talked about because they are the only coins worth melting. Obviously in general scrap sterling is worth less than collectible .900 U.S. currency even if the coin is less than UNC. I have tried to buy coins for scrap on ebay and at shops, the best I have seen is right around spot. Even coins with holes or solder welded to them, and worn to barley being recognizable sell around spot. Yet sterling can consistently be bot for 40% - 60% of spot. So the factor at that point isn't collect ability, I believe it is because people put a large amount of faith in believing that governments are accurate and accountable for their currency value. But isn't the exact opposite true of modern U.S. paper money and the reason why we are all buying silver today?</p><p><br /></p><p>By the way 2 "Homemade" bullion ingots ended today on ebay I dont think either were professionally assayed. One sold for $13.33 per oz and the other sold for 18.40 per oz. Funny thing is that is dead on for spot.. but the bar that did better was only marked .925 and listed as "melted from from sterling scrap".</p><p><br /></p><p>Ok so seriously does anyone want to sell me some .925?[/QUOTE]</p><p><br /></p>
[QUOTE="modernnow, post: 783620, member: 22587"]I believe it is illegal to melt any U.S. coinage. The nickels and pennies make news and are talked about because they are the only coins worth melting. Obviously in general scrap sterling is worth less than collectible .900 U.S. currency even if the coin is less than UNC. I have tried to buy coins for scrap on ebay and at shops, the best I have seen is right around spot. Even coins with holes or solder welded to them, and worn to barley being recognizable sell around spot. Yet sterling can consistently be bot for 40% - 60% of spot. So the factor at that point isn't collect ability, I believe it is because people put a large amount of faith in believing that governments are accurate and accountable for their currency value. But isn't the exact opposite true of modern U.S. paper money and the reason why we are all buying silver today? By the way 2 "Homemade" bullion ingots ended today on ebay I dont think either were professionally assayed. One sold for $13.33 per oz and the other sold for 18.40 per oz. Funny thing is that is dead on for spot.. but the bar that did better was only marked .925 and listed as "melted from from sterling scrap". Ok so seriously does anyone want to sell me some .925?[/QUOTE]
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scrap silver bullion worth it?
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