Salvage Coin Collecting - Page 2 - Coin Community Forum

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Author	Replies: 22 / Views: 3,322	Page: of 2

JackB Pillar of the Community United States 1064 Posts	Posted 08/10/2011 8:14 pm Beauties all! Thanks for saving that Merc from my birth year, not much 1944 coinage floating about! Report this Post to the Staff
onejinx Pillar of the Community United States 1231 Posts	Posted 08/10/2011 8:17 pm Read section d.1 http://www.law.cornell.edu/uscode/h...---000-.html Until an exact law stops the melting of silver coins, this part of the US code is to be followed Report this Post to the Staff
bpoc1 Rest in Peace United States 4078 Posts	Posted 08/11/2011 4:41 pm Onejinx, okay but, for " show and tell" can somebody provide information of who or whom is doing the melting of silver coins. Is there a smelter in the US or another method of extracting the silver from a not 100% silver coin. I was in the mining industry and know the milling process is intense. To melt a 90% or even 40% silver coin the cost would seem unprofitable to me. Report this Post to the Staff
SilverCoinBoi Valued Member United States 458 Posts	Posted 08/11/2011 5:16 pm Shame they are melting coins...try to get your collections completed while you can! Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 08/11/2011 5:45 pm Quote: can somebody provide information of who or whom is doing the melting of silver coins My local dealer sends his scrap stuff to Midwest Refineries but there are other PM refineries in the US as well. Report this Post to the Staff
dynamic_eagles New Member Korea, Republic Of 20 Posts	Posted 08/12/2011 03:55 am Schockergd, I agree with you to us it is more valuable to pick through and sale individually, but like was mentioned ealier hes moving $1000 face value bags... Thats more time than the man has time especially with running a business too!! If he has that much inventory (or me) there is no way I would sort em. However I woudn't melt them. More likely put rolls together and sale in small qty's... Report this Post to the Staff
bpoc1 Rest in Peace United States 4078 Posts	Posted 08/12/2011 05:16 am biokemist6. once again thanks. Being from Michigan might just take a ride that way. Interesting! Report this Post to the Staff
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