Nice Thought Goose. .. >"Melt price of $4.20"
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Nice Thought Goose

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Submitted: 06/23/2014
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User avatar #3 - sewallman ONLINE (06/23/2014) [+] (16 replies)
stickied by svenninja
That is actually incorrect. As 1964 and earlier quarters are silver.. It'd take a lot more quarters than that to melt to a value of $4 or more. The collector value is actually higher than the melt value.

Each 1964 quarter weighs 6.25 grams and only has 90% silver. That's only 5.625 grams of silver. A troy ounce is about 31.103 grams. Each troy ounce of silver is currently going for $20.74.

Those quarters are melting down at a percentage over $3.75
#36 - sewallman ONLINE (06/23/2014) [+] (13 replies)
stickied by svenninja
I have just one more thing to say on here OP,

If you find a quarter from 1916, it's worth over $1000. It also looks different, because the quarters with the heads on them started in like 1930-1931
#1 - thebuttocksbrigade (06/23/2014) [-]
>"Melt price of $4.20"
>"Melt price of $4.20"
#51 - iobx (06/23/2014) [-]
fixed**
User avatar #2 - qun (06/23/2014) [+] (31 replies)
what about pennies? i have a ton of old pennies
User avatar #4 to #2 - sewallman ONLINE (06/23/2014) [-]
Pennies are less valuable materials, in today's market as well. Pennies weigh 2.3 grams each, and have more than just copper in them.

The collection value depends on the year and mint it was produced in. 1909 was the first year Lincoln pennies where released, and in 1909 certain pennies where marked with a VDB on them. Some unmint marked pennies will have the VDB on it from that year, but they are not worth nearly as much as the minted ones.
#66 - UnoSkullmanx (06/24/2014) [+] (3 replies)
Except it's, ya know, illegal to melt down coins for that specific reason
User avatar #67 to #66 - istartedthewar ONLINE (06/24/2014) [-]
Except, ya know, it's not.
#81 - 6(sic)6 (06/24/2014) [-]
Thats a duck

this is a goose
#56 - xcoreyx ONLINE (06/23/2014) [+] (1 reply)
Except, you know, it's a felony to melt down US currency.
User avatar #47 - breadposter (06/23/2014) [-]
You could buy bread with that money!
User avatar #98 - IamSofaKingdom (06/24/2014) [+] (3 replies)
Do not do this at the place you work at. It is actually considered a form of stealing by management and you will be fired for it. It happened to a guy I worked with.
User avatar #97 - Mecryte ONLINE (06/24/2014) [-]
I actually got to see a 1943 American copper penny in mint condition.
User avatar #87 - hazmathank ONLINE (06/24/2014) [-]
Another important note if its a 1932 with a little s in the bottom right corner of washing tons neck, its worth a good amount
User avatar #70 - istartedthewar ONLINE (06/24/2014) [+] (3 replies)
Goddammit people stop talking blatant ******** .
about.ag/MeltingSilverCoins.htm

It's only illegal to melt pennies and nickels for scrap.

Also, unlike other people are saying, pre 1965 nickels have no silver.
#65 - kiddelicious (06/24/2014) [+] (1 reply)
If I found a coin, why would I need to exchange it?
0
#60 - youtookpoop has deleted their comment [-]
User avatar #59 - kieranbaker ONLINE (06/23/2014) [+] (3 replies)
This counts for all coins before 1965 (except pennies) because they were made with silver.
#58 - megavoir (06/23/2014) [-]
Comment Picture
User avatar #43 - oaaaaa (06/23/2014) [+] (3 replies)
r u allowed to melt down money in the us?
#45 to #43 - analfooter (06/23/2014) [-]
No, since melting the pennies would bring a profit to the melter.
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