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Besides the 84 Trade $1's, what else can we profitably melt?

MrEurekaMrEureka Posts: 24,175 ✭✭✭✭✭
We've already established in other threads that you can make money by buying all the 84 Trade Dollars and melting all but five. Now, here's the cool thing: That may be the only coin for which that strategy will work. Play with the numbers. I defy you to name another coin where this would work!
Andy Lustig

Doggedly collecting coins of the Central American Republic.

Visit the Society of US Pattern Collectors at USPatterns.com.

Comments

  • sinin1sinin1 Posts: 7,500
    if you can get those fake ones from Asia and melt them - will be worth lots when silver gets to $50/oz again
  • coppercoinscoppercoins Posts: 6,084 ✭✭✭
    Maybe a couple billion 1982 cents? You could build a brass castle with the metal.
    C. D. Daughtrey, NLG
    The Lincoln cent store:
    http://www.lincolncent.com

    My numismatic art work:
    http://www.cdaughtrey.com
    USAF veteran, 1986-1996 :: support our troops - the American way.
    image
  • EVERYTHING! Then we can start discussing coins...image
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
  • I would like some cheese melted over french onion soup.
  • clw54clw54 Posts: 3,815 ✭✭✭
    1870-S Seated Liberty dollar?
  • MrEurekaMrEureka Posts: 24,175 ✭✭✭✭✭
    1870-S Seated Liberty dollar?

    At current levels, that would take about $3.5 - 4 million. It might work!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • lclugzalclugza Posts: 568 ✭✭
    I wish they would melt all the clad coins and zinc cents. Then we can go back to silver and gold circulating coinage, and copper cents.
    image"Darkside" gold
  • MrEurekaMrEureka Posts: 24,175 ✭✭✭✭✭
    There are some good opportunities like this in the modern commemorative gold series. It wouldn't take much to make some of these issues rarer than the $1600 Jackie Robinson BU $5.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.


  • << <i>There are some good opportunities like this in the modern commemorative gold series. It wouldn't take much to make some of these issues rarer than the $1600 Jackie Robinson BU $5. >>



    Ahhh...Mr. Eureka...that's the 2,200 Jackie Robinson and J. Parrino is hoarding them instead of melting which could very well boil down to the same!image

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