Sterling Silver Coins, Should I Melt Them Down?

Discussion in 'Silver Coins' started by tozak, Sep 10, 2012.

  1. tozak

    tozak Well-Known Member Silver Stacker

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    I got some 925 coins, was thinking of melting them into something nice

    Before I do I just want to check if there is anything here worth more than spot?

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    tozak, Sep 10, 2012
    #1
  2. metalzzz

    metalzzz Well-Known Member

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    Melt
     
    metalzzz, Sep 10, 2012
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  3. thatguy

    thatguy Active Member

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    less then .999 makes me shudder... I do not know why :|

    NZ $1 are nice, would be a shame to destroy those
     
    thatguy, Sep 10, 2012
    #3
  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    +1
     
    wrcmad, Sep 10, 2012
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  5. tozak

    tozak Well-Known Member Silver Stacker

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    Kewl, yeah that about what I summed up, the Ferns look nice but none of it is really worth hanging onto

    Gonna see about making a chunky chain or something nice out of em
     
    tozak, Sep 10, 2012
    #5
  6. W0LFMAN

    W0LFMAN New Member

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    My opinion would be to not do anything with them.

    There beautiful as they are.

    Even though its 925 and not pure, I see them as having a different value.

    1 ounce pure coins do have a bit of repetitiveness about them.

    These provide something new to look at.
     
    W0LFMAN, Sep 10, 2012
    #6
  7. goldilox

    goldilox Member Silver Stacker

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    i would sell them at spot if possible and then melt some actual scrap silverware or broken jewellery
     
    goldilox, Sep 10, 2012
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  8. worldbubble

    worldbubble Active Member

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    ten dollars Barbados (1st row 3rd coin) was sold for 44 on ebay ... melt is around 36 ... etc.
    Do the math ... if it takes so much space sell it, if not leave somewhere and forget )

    now you have pieces of history and silver ... melt it and you'll end up with silver only.


    P.S. I have about 40 oz of 900/925 silver and I'd never give it for melting ...
     
    worldbubble, Sep 10, 2012
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  9. Ag-ness

    Ag-ness Member

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    Yes, I really like the Barbados one too. Great artwork. I would buy those.
     
    Ag-ness, Sep 10, 2012
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  10. Photonaware

    Photonaware Active Member

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    Melt into what ?
    A poured mold of sterling silver ?
    Try offering them all as a collection on feeBay with a reserve. If no takers then melt into something beautiful.
     
    Photonaware, Sep 10, 2012
    #10
  11. Mel427

    Mel427 New Member

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    Third one on the top row would make a great watch fob if you have a nice pocket watch. If you melt some of the others they would make a nice custom watch chain.
     
    Mel427, Sep 10, 2012
    #11
  12. Guest

    Guest Guest

    Absolutely agree.

    I really don't understand people's animosity towards anything that's not at least 999

    [​IMG] [​IMG]

    These are not pure gold and get snapped up easily enough.

    Indeed, if silver moves up to a few hundred bucks an ounce then having smaller denominations would probably become more common place and ideal.

    How many of you currently go an regularly buy your gold by the ounce?
     
    Guest, Sep 10, 2012
    #12
  13. Silber

    Silber Member

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    I agree with those who recommended to NOT melt them. You can always melt them later, but never un-melt them :D

    If you want to create some jewelery and have nothing else to melt, or if you have the possibility to let them be refined to a generic certified 999 bar, this could be an option. But in general, I can't imagine a reason to melt coins at all. Although they are not in a condition that is interesting for collectors, and I don't know about their mintage or whether they are collectible at all, they will never be worth less than melt value, so melting them does not gain you anything in the first place....
     
    Silber, Sep 10, 2012
    #13
  14. Guest

    Guest Guest

    Thinking about it more, I'd have thought you'd be better off just selling them 'as is' here on SS for their market value - save on the melting costs completely - and reinvest the sale price back into 999 and be done with it?
     
    Guest, Sep 10, 2012
    #14
  15. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    + 1 what he said ;)
     
    spannermonkey, Sep 10, 2012
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  16. MasterID

    MasterID Member

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    Senseless question.... is it legal to melt down legal tender coin (same as destroying legal tender paper money)? and to openly declare?
     
    MasterID, Sep 11, 2012
    #16
  17. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    ONLY current circulating currency ;)
     
    spannermonkey, Sep 11, 2012
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  18. R1dh0

    R1dh0 New Member

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    melt it down......sell it and buy gold :).
     
    R1dh0, Sep 11, 2012
    #18
  19. banjo

    banjo Member

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    Don't undo what someone else has created.
     
    banjo, Oct 17, 2012
    #19
  20. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Given the condition they are in! They wont be missed. plus thems only worth melts anyway. ;)
     
    Silver Soul, Oct 17, 2012
    #20

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