I saw that a law was passed through the US mint that it is illegal to melt US coins, but specifically discussed pennies, nickels, and other coins in circulation. Does anyone know if it i also illegal to melt gold coins like twenty dollar coins from the 1890’s to 1900’s? If you could please include specific references for your answer.
I know that these coins are more valuable as coins and not gold melt, but i would still like to know the laws.
isn’t it worth more NOT melted?
June 25th, 2009 at 11:38 pm
golf.
June 27th, 2009 at 2:33 pm
Send them to me, and I will properly dispose of them for you.
June 27th, 2009 at 11:15 pm
yes they are worth more non melted expecially if there from the 1890-1900 and yes i beleive it is because its damage to federal property
June 29th, 2009 at 8:12 pm
At present the only coins that are illegal to melt or export are cents and nickels. At present there are no laws stopping one from melting gold or silver coinage. The Treasury department has the right to issue bans on melting coins as they see fit but only use that power when a problem comes up such as the cent and nickel at this time.
July 3rd, 2009 at 2:11 am
You already asked this question & got given a host of answers. WHY are you re asking? Your not going to get any better answers by repeatedly asking the same question over & over clogging up the place needlessly.
Just get the stupid coins appraised then cash them in on face value – Duh! it ain’t rocket science!!..
July 5th, 2009 at 3:38 am