Is it illegal to melt down government minted silver bullion?
For instance, is it illegal to melt down an American Silver Eagle coin from a government mint?
No it is not. It would be foolish to do so, however. The most common silver Eagles are selling for a few dollars above the spot price, and not all Eagles are common, and sell for additional collector value.
The only US coins that are illegal to melt or export out of the country for scrap value are cents and nickels, as of the December 2006 law that made it so. With pre-1982 cents worth almost 3 cents each in copper and all nickels worth a bit over 7 cents each in copper and nickel, Congress understands that the melting of these coins will require expensive replacement. Certain savvy individuals are already pulling all of the copper cents they find out of circulation, but not enough to outpace their replacement, and very few people are hoarding nickels. Yet.
SILVER BULLION ON THE EDGE OF EXTINCTION
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100/0.01g Digital Pocket Scale Gram, Ounce, Carat, Grain $14.45 High quality strain gauge load cell system makes it accurate in full capacity range. High density ABS housing and metal support makes it very durable. Large high contrast LCD display makes the readouts clear to read. TARE function makes it much easier to weigh liquid or powder. Attractive blue back lit used in dark. User can switch off the back lit to save power. Crystal clear cover can be also us… |
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NEW! Weigh Your Scrap Gold/Silver with this DIGIWEIGH Digital Jewelry Scale! Measures over 1000 Grams, over 40 Ounces! Jewelry, Coin, Bar, Bullion Oz! $23.94 The durability, accuracy & reliability of this DigiWeigh DWP1001 has made it a favorite among professionals and hobbyists alike. The variety of modes offered makes it perfect for weighing gold & silver scrap jewelry, coins, bars & other bullion; mined treasures like crystals & gemstones; food portions for dieting; even packages for postal shipments! It also has a piece counting mode which is great… |
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DigiWeigh DW-20D Digital Scale PLUS Goldsmith’s Accessory Pack $79.99 The DW-20D Precision Scale by DigiWeigh has proven itself as one of the most accurate scales in the industry through its usage in laboratories for its precise measurements and easy read outs. Easily change weight units between Grams (g), Carats (ct), Ounces (oz), Troy Ounces (ozt), Grains (gr/gn), and Pennyweight (dwt) with one button! With Scale Capacities x Accuracies of: 20 x 0.001 g, 100 x 0.0… |
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Complete PuriTEST Metals Testing Kit with Digital Scale, Stone, File, Gold Loupe and Free 5gr Solid Silver Bar $28.99 This is the perfect testing kit for anyone who handles precious metals. Includes 10k, 14k, 18k, 22k, Silver and Platinum Solutions (1 bottle each). Each bottle contains 1/2 fluid ounce (0.5 fl oz) test acid. Test stone measure 2 inches x 2 in. DigiWeigh 600BL scale weighs in Grams (g), Ounces (oz), Carats (ct), and Grains (gr), and includes Lifetime Warranty. FREE solid silver bar is 5-grains of f… |
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Complete PuriTest Gold Test Kit Plus Tools and Free Samples Gold Silver Bars $24.99 This complete kit enables you to test a wide range of gold samples, over a wide range of purity levels. You will receive one bottle each of 10k solution, 14k solution, 18k solution, and 22k solution–each bottle contains 1/2 fluid ounce (0.50 fl oz); also two (2) pro stones, a file, a PuriTEST 30x magnification loupe, Use mini gold and silver bars for test demonstration/practice, or as investment… |
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PuriTEST Jeweler’s Hand Tool Pack- Stones, Files, Acids, and MORE! $39.99 The Jeweler’s Hand Tool Pack contains all necessary components in the arsenal of a jeweler, smith, or even a collector. The Culti Diamond Tester Series II emits audible sound & shows GREEN light for accurate reading. If stone is fake, i.e., crystal or some other simulant such as cubic zirconium, there will be no reaction. Buzzing indicates when the tester touches metal rather than stone, i.e., whe… |
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Why Gold? Why Now? Live! From the L.A. Traders Expo with John O’Donnell $44.95 At an event sponsored by NYSE/Liffe, Online Trading Academy’s John O’Donnell explores the timeless value of gold and its relevance in the marketplace today. There are many example of why you should invest in gold futures. -Gold is a currency with no liabilities attached. |
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PAN AMERICAN .999 Pure Silver: 1 Troy Ounce Bullion Bar NWT Mint This is a 1 Troy Ounce bar of Pan American .999 PURE silver. Silver is an excellent investment (if it’s pure) because no matter how much value the American dollar loses, silver will hold its value as precious and desired commodity. Bullion silver is in such incredibly high demand now because of the recession, and inflation fears, that there is a worldwide shortage. So far, it is only a distribu… |
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Darice Poly Storage Bags with Reclosable Zipper 1.75 x 1.75, 100 pc. $1.99 Introducing the Darice Craft Designer Reclosable bags in 1 3/4 inches by 1 3/4 inches (4.4 cm X 4.4 cm). Uses: |
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Digiweigh Digital Jewelry Pocket Counting Scale, 600g X 0.1g $11.99 The scale has a Stable Reading Indication. During weighing, HOLD will be shown on the display once a stable reading has been reached. This scale has a capacity of 600g with precision 0.1g accuracy, switch between ounce(oz), tael(tl), and carat(ct). It works perfect for your jewelry or other weighing. The platform gives the scale a very stylish look to fit any decor and easy to portable. This lates… |
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