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re: Tips from MT Coin Collectors

Posted on 12/29/12 at 1:43 pm to
Posted by LSURussian
Member since Feb 2005
126991 posts
Posted on 12/29/12 at 1:43 pm to
quote:

I read It's technically illegal to melt US currency that has not been retired



Melting old silver coins is not illegal according to this linkOther links agreed with this one.
Posted by drewnbrla
The Pool is closed.
Member since Mar 2011
7839 posts
Posted on 12/29/12 at 4:08 pm to
Calculating 90% silver coin melt values based on weight:
One Troy Ounce = 31.103 grams

1) Morgans and Peace dollars = 26.73 grams
- Melt value= (spot price x .90) x 0.8594

2) Barbers, Walking Liberty, JFK & Franklin half dollars = 12.5 grams
- Melt value= (spot price x .90) x 0.40189

3) Standing Liberty, Barber and Washington Quarters = 6.25 grams
- Melt value= (spot price x .90) x 0.200945

4) Seated Liberty Quarters = 6.22 grams
- Melt value= (spot price x .90) x 0.199981

5) Barber & Mercury Dimes = 2.5 grams
- Melt value= (spot price x .90) x 0.080378

5) Roosevelt Dimes = 2.2 grams
- Melt value= (spot price x .90) x 0.070733
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