Sterling Silver Coins, Should I Melt Them Down?

tozak

tozak

Well-Known Member
Silver Stacker
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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less then .999 makes me shudder... I do not know why :|

NZ $1 are nice, would be a shame to destroy those
 
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
 
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.
 
i would sell them at spot if possible and then melt some actual scrap silverware or broken jewellery
 
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 ...
 
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.
 
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.
 
W0LFMAN said:
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.
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Absolutely agree.

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

BC810.jpg
1911lrma.jpg


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?
 
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....
 
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?
 
auspm said:
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?
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+ 1 what he said ;)
 
Senseless question.... is it legal to melt down legal tender coin (same as destroying legal tender paper money)? and to openly declare?
 
MasterID said:
Senseless question.... is it legal to melt down legal tender coin (same as destroying legal tender paper money)? and to openly declare?
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ONLY current circulating currency ;)
 
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