Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Melting Coins For Melt Value

To participate in the forum you must log in or register.
Author Previous TopicReplies: 22 / Views: 9,610Next Topic
Page: of 2
Previously Ousted
Canada
398 Posts
 Posted 04/28/2012  12:02 pm  Show Profile   Bookmark this reply Add coingirl to your friends list Get a Link to this Reply
was not aware the RCM is buying back coins....
Valued Member
nickle nubber's Avatar
Canada
247 Posts
 Posted 04/28/2012  3:32 pm  Show Profile   Bookmark this reply Add nickle nubber to your friends list Get a Link to this Reply
I don't think the RCM is BUYING back coins,they collect coins all the time and pull all the PM coins when they get them. the rest(steel) go back into circulation
Pillar of the Community
Petersun's Avatar
Canada
1700 Posts
 Posted 04/28/2012  6:50 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Nuemistman,
Well, I am going to abide the law
Valued Member
Canada
56 Posts
 Posted 04/28/2012  9:00 pm  Show Profile   Bookmark this reply Add WCP to your friends list Get a Link to this Reply
Hi,
To add my cents in, RCM does have a program call Alloy Recovery Program(ARP) now for 5 years. For more info just goolge
The RCM report read for 5-10-25 cent coins no pennies yet but that is just a matter of time now. I believe Coinstar is part of the system as some of the major banks.
You never know, they laughed at people in the 70's about melting down silver. It could maybe be a good currency if we have a total system failure is that not why people save silver 1 dollar FV = going rate poor mans gold.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 04/28/2012  9:36 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I just wonder, how many scarce dates went to the melters, and how accurate the values are now, in reality, compared to book prices.

Just about none.

Quote:
In my opinion, I think the Charlton should be updated, based on supply and demand, just a thought.

What do you think they use for prices each year?
Valued Member
KoolKat's Avatar
Canada
210 Posts
 Posted 05/02/2012  2:41 pm  Show Profile   Bookmark this reply Add KoolKat to your friends list Get a Link to this Reply
So, how many coins like, 1921` 5 cents , et all, went to the melting pot?But, that makes no difference in the price! Also, you really believe Charlton is up to date?lol
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/03/2012  01:03 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
So, how many coins like, 1921` 5 cents , et all, went to the melting pot?


Almost none.

If ten years ago you looked through hundreds of thousands of 5 cents, you might find a couple of them.

Why should we assume
  • suddenly a bunch of them came from nowhere and were scrapped?
  • no one noticed them at any point along the way?
  • price guides don't reflect what things are trading for?
  Previous TopicReplies: 22 / Views: 9,610Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.23 seconds to rattle this change. Forums