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 Replies: 31 / Views: 7,605 |
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Pillar of the Community
United States
3234 Posts |
Between me and a Southern Californian jeweler:
The conversation went something like this:
Me: "I bet you get a lot of coins coming in for you to purchase?"
Jeweler: "Yeah, all the time. They go straight to the melter."
Me: "You don't look for rare dates before melting them?"
Jeweler: "Nope. Some of the coins are even 'brand new'."
Oy! I just hope no uncirculated rolls of 1916-D dimes have made their way over his counter!
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Valued Member
United States
335 Posts |
Do you know this guy well enough that you could get a look through what he gets before he sends it off?
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Moderator
 United States
187862 Posts |
 Our only hope is that someone at "the melter" knows better.  |
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Pillar of the Community
United States
6326 Posts |
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Bedrock of the Community
United States
19935 Posts |
Stuff like this happens everyday. Just think of all the rare coins that are gone forever.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
2120 Posts |
I would definitely see if you could look though them first. even offer to pay a fee and replace a coin if you find one you want. say $20 a coin + replacement. That would be worth it for both parties I imagine.
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Moderator
United States
187862 Posts |
Quote:
Stuff like this happens everyday. Just think of all the rare coins that are gone forever. And some twenty odd years from now, when melting copper cents will have been long legal and well practiced, our hoards of copper memorial cents will no longer look so silly!  |
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Pillar of the Community
555 Posts |
Offer to buy one days worth of his melt coins for some acceptable price over melt. See what comes in, if good stuff then buy all he has.
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Bedrock of the Community
United States
19935 Posts |
Quote:
And some twenty odd years from now, when melting copper cents will have been long legal and well practiced, our hoards of copper memorial cents will no longer look so silly! Indeed my friend! There's no doubt in my mind that right now, somewhere in the world, there's people melting the crap out of copper cents. It's going to greatly accelerate once the ban is lifted. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
 United States
3234 Posts |
I won't be able to make any (practical) deals with this jeweler. He's 1000 miles from where I live.
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Pillar of the Community
United States
4000 Posts |
You're right - made me cringe. Maybe someone here that is a little closer can go and rescue our jewels.
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Valued Member
United States
162 Posts |
I bet the "Brand new" ones are the 1 oz silver bullion.
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Pillar of the Community
United States
781 Posts |
prethen, PM me his details, I'm in SoCal. I could certainly offer you a finder's fee if a deal can be struck with this guy!
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Pillar of the Community
3660 Posts |
Quote:
Jeweler: "Yeah, all the time. They go straight to the melter."
Me: "You don't look for rare dates before melting them?"
Jeweler: "Nope. Some of the coins are even 'brand new'." Yeah right. |
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Pillar of the Community
United States
1007 Posts |
Is it legal to melt coins? Quote:
Section 331 of Title 18 of the United States code provides criminal penalties for anyone who fraudulently alters, defaces, mutilates impairs, diminishes, falsifies, scales, or lightens any of the coins coined at the Mints of the United States. This statute means that you may be violating the law if you change the appearance of the coin and fraudulently represent it to be other than the altered coin that it is. As a matter of policy, the Mint does not promote coloring, plating or altering U.S. coinage: however, there are no sanctions against such activity absent fraudulent intent. Then there's this: http://www.pcgs.com/articles/article496.chtmlSo maybe it is. Edited by matchbox
07/20/2010 01:27 am
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Pillar of the Community
Canada
3692 Posts |
Kind of an old article. But uh, Franklins are still largely seen as "junk" to dealers.
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Replies: 31 / Views: 7,605 |
Posted 07/19/2010 2:11 pm
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