Melting silver coins

Discussion in 'General Precious Metals Discussion' started by BootyBandit, Jul 29, 2011.

  1. BootyBandit

    BootyBandit New Member

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    I bought 4x 1/2 ounce liberty lobby andrew jackson coins and i think they look pretty gay so i was thinking about melting them down, if i melt them down into a 2oz bar will that bar still be 999 silver since the coins are 999 fine silver?
     
    BootyBandit, Jul 29, 2011
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  2. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Yes, but it would probably be easier to just sell them and buy something else with the money.
     
    Big A.D., Jul 29, 2011
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  3. thatguy

    thatguy Active Member

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    Someone may well buy your lame coins but almost no one will touch your 2 oz blob... IMHO. I would only suggest you melt only for research purposes and no other reason.
     
    thatguy, Jul 29, 2011
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  4. Sargeant Argent

    Sargeant Argent New Member

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    I think the opening post on this thread is the best one I've read so far! :)
     
    Sargeant Argent, Jul 29, 2011
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  5. samboyellowsub

    samboyellowsub Member

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    even though they are kind of dumb looking rounds, i have 6 of them. I keep them because they are the only fractional ounce bullion that I have. I'd just keep them. Half ounce silver rounds are a good thing to have in the stack. When it comes to stuff like that silver is silver.
     
    samboyellowsub, Jul 29, 2011
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  6. golfclub

    golfclub New Member

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    I give you $80 for them problem solved!
    REDBACK
     
    golfclub, Jul 29, 2011
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  7. Midnight Man

    Midnight Man Member Silver Stacker

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    This ^^

    When it comes time to sell silver or gold, it needs to be recognisable in order to trade without having it assayed.

    By the time you have a 2oz blob assayed, you'll pay more in fees than the blob will be worth IMO.
     
    Midnight Man, Jul 29, 2011
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  8. adze67

    adze67 Well-Known Member Silver Stacker

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    wtf? 'Epic Fail' disguise or... :lol:
     
    adze67, Jul 29, 2011
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  9. BootyBandit

    BootyBandit New Member

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    Ah yes , It would be good to have fractional silver for when silver prices go over $100 so i may keep them, n by the way i paid $25 for each
     
    BootyBandit, Jul 30, 2011
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