Would anyone Keep records of melted coins ?

mach19

One would think this would be part of the process.

GoldenEyeNumismatics

I'd imagine it would be a huge hassle. I doubt the major melters keep anything more detailed than rough estimates.

fc

i would guess they keep generic records, such as wieght.
to think they have records of denomination, type, date, etc.. is highly
doubtful.

a junkyard probably keeps better records then they do.

Mark

If I was a silver refiner, why would I have any interest in keeping track of what dates/mintmarks I melt? Unless I was regulated to do so, I'd simply shovel the coins into the furnace as fast as I could.

pontiacinf

detailed? I doubt it, as most are all about profit, which keeping detailed records doesnt fit the equation.

CoinHusker

<< <i>If I was a silver refiner, why would I have any interest in keeping track of what dates/mintmarks I melt? Unless I was regulated to do so, I'd simply shovel the coins into the furnace as fast as I could. >>



If they returned the inserts from the slabs they cracked they'd get .50 each. Isn't that motivation?

ricko

No... it would serve no purpose... they are in the business of bullion, not numismatics. Cheers, RickO

cladking

There used to be a ship that sailed back and forth to South America
bringing cars from Japan and sailing back full of obsolete coin to be
made into consumer products. The shipping company would charge
by weight which can be determined by how low the ship sits in the
water. The buyer would pay by the ton for the various compositions
of the coin. But these coins would all be mixed from various denomi-
nations and even different countries.

When the issuer recalls the coins they usually have a cut off date. It
matters little to them what comes back but they will look for the best
price on the scrap. Coins are shipped all over the world and often go
through jobbers and various middlemen.

Silver and gold coin are a little easier since it's often possible to at least
get the net weight of the melt and then you can make inferences. On
rare occasion you can actually get numbers melted.

It should be noted that silver and gold coins are almost never recalled.
The issuer simply quits sending them out and retaining what comes in.
Recalls are more apt to result in hoarding than in coins being returned.