How To Ruin Good Coins - Coin Community Forum

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Author	Replies: 7 / Views: 669
Seeker_101 Pillar of the Community United States 1791 Posts	Posted 03/20/2024 3:52 pm While looking at an estate auction I came across a bunch of decent quality coins (some with possible errors) that no one was really bidding on. Well several coins were plated such as this nickel.... Many more were cleaned such as this War Nickel... Report this Post to the Staff

Marv65 Bedrock of the Community United States 10470 Posts	Posted 03/20/2024 4:32 pm Even though plated or cleaned - those still have silver value - about $1.43 each. Report this Post to the Staff
jbuck Moderator United States 187446 Posts	Posted 03/20/2024 4:33 pm Yikes! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
captainmandrake1 Pillar of the Community United States 878 Posts	Posted 03/20/2024 5:40 pm There's something particularly awful about the "luster" on plated or polished coins. So sad. Report this Post to the Staff
Cujohn Pillar of the Community United States 7174 Posts	Posted 03/20/2024 6:35 pm Gotta makeum purdy. Report this Post to the Staff
Sap Moderator Australia 16804 Posts	Posted 03/20/2024 7:20 pm Quote: Even though plated or cleaned - those still have silver value - about $1.43 each. Well, for the cleaned coins this is true, but for the plated coins, for their "true melt value" you have to subtract the cost of removing the plating. War Nickels are impure enough, without adding even more impurities from a plating of unknown composition - nickel? Chromium? Cadmium? Who knows? So your nominal $1.43 is going to be discounted for being War Nickels, and discounted further for being plated. Smelters probably won't want to take them at all. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Marv65 Bedrock of the Community United States 10470 Posts	Posted 03/20/2024 7:30 pm Quote: Smelters probably won't want to take them at all. True - Big time smelters deal in TONS, not one plated coin at a time. I've been in the foundry business for almost 40 years - we throw all the "charge" (metal pieces) into the furnace and the "slag" (scrap) comes to the surface and it is skimmed off leaving the pure metal in the crucible to be poured into the molds. EDIT: That doesn't mean a small time operation, that knows what he is doing, can't make money smelting on a small time basis in his garage! Edited by Marv65 03/20/2024 7:34 pm Report this Post to the Staff
Dearborn Moderator United States 94565 Posts	Posted 03/20/2024 10:14 pm OOOhh Shiny!!!! Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
	Replies: 7 / Views: 669

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