| Author |
 Replies: 20 / Views: 14,030 |
Page 2 of 2
|
|
|
|
Valued Member
United States
150 Posts |
Interesting looks like part of the 1 was never stamped? If that is the case I am sure some one here might know more than I about this one.  |
|
Bedrock of the Community
 United States
12477 Posts |
Thanks for the pics! I agree it appears to be 1961 and also an early to mid stage Dryer Coin, as Crazyb0 pointed out. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
|
|
Valued Member
United States
150 Posts |
|
|
New Member
United States
1 Posts |
|
|
Rest in Peace
United States
17900 Posts |
|
|
Valued Member
 United States
120 Posts |
|
|
Valued Member
United States
150 Posts |
First: An important note I should make is that melting coins is illegal and is NOT endorse by me.
As of April 16 2018 10:35 AM CDT: Silver: $16.67 per Ounce
Silver Composition (1946-1964)
Metal Composition: 90% Silver - 10% Copper
Diameter: 17.9 mm
Mass / Weight: 2.5 grams
Weight: 2.5 grams
Denomination $0.10
Comparison current Silver market value only $1.2076
For educational propose only.
Edited by FrankenCoin
04/16/2018 11:45 am
|
|
Valued Member
United States
254 Posts |
I thought melting silver coins was legal,just can't do copper cents
|
|
Pillar of the Community
United States
8715 Posts |
|
|
Valued Member
United States
150 Posts |
Sorry I do not render legal advise or legal opinion: There is an old saying "That ignorance to the law is no excuse". Just google it if you do not believe the fact that I stated. Quote:
First: An important note I should make is that melting coins is illegal and is NOT endorse by me.
As of April 16 2018 10:35 AM CDT: Silver: $16.67 per Ounce
Silver Composition (1946-1964)
Metal Composition: 90% Silver - 10% Copper
Diameter: 17.9 mm
Mass / Weight: 2.5 grams
Weight: 2.5 grams
Denomination $0.10
Comparison current Silver market value only $1.2076
For educational propose only.
Edited by FrankenCoin
04/16/2018 2:23 pm
|
|
Valued Member
United States
366 Posts |
Quote:
First: An important note I should make is that melting coins is illegal and is NOT endorse by me. Quote:
Just google it if you do not believe the fact that I stated.
I did - you are wrong and right. http://about.ag/meltingsilvercoins.htmAbout Melting Silver Coins Is it Legal to Melt U.S. Silver Coins? Yes. Although many claim that it is not legal, it is. The practice was banned starting in 1967, but then allowed in 1969. See Kiplinger's Magazine, January 1974, last paragraph. It is, however, illegal to melt U.S. pennies and nickels (silver 'war' nickels can be melted). See the 120-Day Ruling Press Release and Final Ruling Press Release, and recent/current law at the U.S. Mint website (which also confirms that melting silver coins was illegal from 1967-1969). The full law can be found at gpoaccess.gov. The reasons for these are simple. There are no longer any silver coins in circulation (except as people occasionally re-introduce them, usually by mistake), so melting them has no effect on day-to-day transactions. However, melting pennies and nickels removes them from circulation, so it would harm the U.S. economy for people to melt them. Edited by twistedt
04/16/2018 3:16 pm
|
|
Valued Member
United States
366 Posts |
Quote:
I thought melting silver coins was legal,just can't do copper cents It is - see above post |
|
Valued Member
United States
254 Posts |
I googled it before I wrote the comment,I just like to add not end threads I knew someone would keep it going
|
|
Valued Member
United States
150 Posts |
Yes @twistedt That is how people learn: I use to work for a law firm and all I have to say is that I have seen many situations but there is one thing that is certain the Little Old Ladies with alphabets after their names "MIB" have more resources to define what is and is not. Then why does your article links (inside the article referent authority links) that you cite to the U.S. Mint website come up as "Page Not Found", etc. or do not exist. In fact the three most import links? Quote:I did - you are wrong and right. http://about.ag/meltingsilvercoins.htmAbout Melting Silver Coins Is it Legal to Melt U.S. Silver Coins? Yes. Although many claim that it is not legal, it is. The practice was banned starting in 1967, but then allowed in 1969. See Kiplinger's Magazine, January 1974, last paragraph. It is, however, illegal to melt U.S. pennies and nickels (silver 'war' nickels can be melted). See the 120-Day Ruling Press Release and Final Ruling Press Release, and recent/current law at the U.S. Mint website (which also confirms that melting silver coins was illegal from 1967-1969). The full law can be found at gpoaccess.gov. The reasons for these are simple. There are no longer any silver coins in circulation (except as people occasionally re-introduce them, usually by mistake), so melting them has no effect on day-to-day transactions. However, melting pennies and nickels removes them from circulation, so it would harm the U.S. economy for people to melt them. Edited by FrankenCoin
04/16/2018 5:20 pm
|
|
Valued Member
United States
366 Posts |
[quote]Then why does your article links (inside the article referent authority links) that you cite to the U.S. Mint website come up as "Page Not Found", etc. or do not exist.
In fact the three most import links?
/quote]
possibly because its an old web page - I have no idea, its not my page so I am just guessing.
But the facts remain as stated - I'm sure there are more references than just this 1 page.
|
|
Page 2 of 2
|
Replies: 20 / Views: 14,030 |
Page 2 of 2
|
First Page
Posted 04/16/2018 12:45 am
