Idea On Melted 50 Cents?

It would make a 60 oz bar or $1668 worth of silver at todays melt price.
Depends on how much you need the cash, Personaly I would hang onto them.
I have a few Kilo's of Aussie silver and I wouldn't dream of melting any of it.
In my opinion they will accrue value over time numisticaly and they are silver with a known worth anyway.
These maybe like the Aussie round 50cent coin with a mintage of 36,454,000 and 80% silver and considered to be only bullion value.
Why not make up sets and sell these if you need to get rid of them, That way you will be saving some of them and make a few extra bucks above melt without the refinary fees.
Just an

Also, just to add on to my last post, the residual (survival) rate of Victorian & Edwardian halves (my personal fav.'s) is believed to be between 1 and 2 %. So when you take into account the TOTAL # of Canadian Victorian halves ever minted for all dates is less than 2 million combined, there can't be many left around. All grades inclusive.
Just looking at my 2010 I.C.C.S. Population Report for Vicky halves states there are less than 90 mintstate examples, and most of the dates dwindle in #'s tremendously after EF-40.
When I hear collectors even "joking" about melting worn out Vicky's or Edy's it send chills down my spine. I feel early half dollars are severely underrated and under appreciated by most collectors. Not only were halves the workhorse of Canadian currency in the 19th Century, but most workers didn't make much more than that per days work. So can you imagine a Collector back in the 1800's putting away a fifty cent piece when you had to work an entire day for it? Not only that, imagine the buying power at face value a half dollar would have back then, would feed a family of four for several days.

Glenn

@Sap I've seen the laws and all associated laws regarding melting of coins. No one pursues them, no one is interested in enforcing them in regards to silver coins. Since the switch in 68, there has been no case before the courts. Besides I'm not technically doing the smelting, I pay a percentage and the refiner does it. He's been doing this for 30 years quite openly and I've been dealing with him for twenty. Yellow pages ads, industry ads and so on. He thought briefly about doing nickels during the spike but declined to push his luck.

As to the definitions, EVERY Canadian coin back to 1858 is current and legal tender. No coins have been demonitized and that includes the former provincial colonies currency as well. Yes, the Newf cent is legal tender. Every Vicky coin issued is legal and current tender.

ScotiaMcLeod is the largest Bullion dealer in Canada and one of the largest in North America outside of the two North American Mints. They are a subsidiary of Scotia Bank and their ability to buy or sell PHYSICAL precious metals in a pinch is one of the reasons I keep an account in good standing there.

To answer the question, the coin smelting buckets are serious. If the coin has no numismatic value beyond it's bullion value, I toss them into a .500 .800 or .925 buckets. I also have one for .900 but it takes me a long time to get any real amount in there. When I have over 1000 oz of refined equivalent weight I take it down and boom... a melting we will go. I also get any gold scrap and any catalytic converters I've gathered up refined as well. I pay a small fee compared to most because everything is super well sorted without question on a long standing relationship.

So yes I'm serious and it's not just fifty cent pieces, it's all silver coins that have no market interest. Understand, I've posted Canadian silver at melt on this forum before and no one came to rescue it. I won't sell it at a loss to the dynamic money bleeders at Ebay/PayPal. This refining is the most cost effective option for me, I continue to buy collections for cash, sometimes large in size for the privilege of sorting and digging through what is there.

Disposal becomes a problem because I'm not Asyn and I'm not interested in rating a scratched Eddie twenty five cent piece as VF30 when it's AG scratched just to try and make a profit. Even the members of this forum could not absorb all these coins I acquire no matter how well intentioned. Also there's the math, if I lost one package of 100 dollars face value silver in the mail, that one loss would put me WAY below percentage wise what I pay to smelt.

It's the best option for me. I understand that some people might be frustrated to hear this, but that's how it is. On the upside once a year I clear my fourth best and lower coins at the auctions through a dealer and people here and elsewhere bid and acquire new gems for their collections. Those coins that ARE desirable and collection enhancing were saved from smelting because I go over EVERY coin I get by hand. Arguably I've put more coins back into the collecting market than any of these fly by night eight times face purchasers who head right to the smelter.

Happy New Year to everyone !

I myself have got a bag of worn or cleaned silver coins, to either sell at melt or just keep for an eventual hole filler. But never shall I melt them.

The Bank of Nova Scotia was a major player in the 60s. Used to be dealers would carry their latest printout at shows.

Normally, I would not expect this to sell. But timing is everything, and I think it is a great time to buy silver, with prices below $29 per oz... which leaves me scratching my head, with the recent drop in silver, why sell now Ugly?

Yes, silver is at the lowest it's been since November of 2010, wait until it recovers at least to $40/oz.

I cleaned off my desk on Dec 10th, this is just what's accumulated on the right since then.

I think what will happen here is the person who pointedly complained will get a sense of just how much scrap there is every month and that they will not want to buy even this little pile of uselessness, never mind the 15-25x this amount that will be in the melt bins by June. I gave them a genuine opportunity to bid on it, at the lowest cost in in over a year. I know they saw it because I answered a question about HST.

I'd honour a bid but I don't think it will happen. If you are going to spend 2K on silver bullion why not buy a nice tidy bunch of maples that will sell at a premium instead of someones cleaned/damaged/common coins that I MUST collect HST on? The Maples carry no taxes, they aren't damaged and they are easily sold all over the world. That's why they exist.

This is more of a social experiment, the outcome to be decided. It's a question of value, I search looking for specimens that would make people proud to show others "look what I have", if I set it aside it's because I think it won't do that.

Personally if I were spending 2K on random coins I'd buy a couple small collections that hadn't been searched and sorted yet. I'd want nickels and the cents and the holed 1859's and everything else that makes going through these so much fun. This is not fun, these are my cast offs.