San Marino Melted Coins - Coin Community Forum

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Author	Replies: 5 / Views: 1,195
captainmandrake1 Pillar of the Community United States 878 Posts	Posted 01/02/2021 9:07 pm I was searching for the diameter of a coin from San Marino (https://www.NGCcoin.com/price-guide...uid-1526992) and noticed several of the coins I looked at from the 1970s had tens of thousands of units melted down at the mint. Anyone know why they would melt these guys down? Report this Post to the Staff

Wade Pillar of the Community Canada 2781 Posts	Posted 01/02/2021 9:19 pm link not working, without researching all of san marinos history I can't say for sure, but it looks like the lira was produced from 1864-1938, and then again 1972-present. so probably an alloy recovery program, and/or politically erasing history by demonetizing the currency in between those time frames Report this Post to the Staff
tdziemia Pillar of the Community United States 7948 Posts	Posted 01/02/2021 9:29 pm Lack of demand. They are a product for tourists and exported to collectors, not for circulation. Better to use the recycled silver for the next year's release than to spend money buying new silver. Edited by tdziemia 01/02/2021 10:24 pm Report this Post to the Staff
captainmandrake1 Pillar of the Community United States 878 Posts	Posted 01/03/2021 12:01 am Thanks! That makes sense. Such a small country, no need for all these coins. I remember when I collected stamps I had a lot of unused San Marino postage, very pretty, obviously made for collectors and not for the letter writers of the republic. Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 01/03/2021 12:02 am Link: https://www.NGCcoin.com/price-guide...duid-1526992 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 Report this Post to the Staff
David Graham Pillar of the Community Australia 1610 Posts	Posted 01/07/2021 03:14 am Quote: They are a product for tourists and exported to collectors, not for circulation. I love San Marino coins as they always differ but did wonder why they changed designs every year. Now I know. Thanks. Report this Post to the Staff
	Replies: 5 / Views: 1,195

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