2007-01-16 01:22:47 · 12 answers · asked by Anonymous in Business & Finance ➔ Investing
The S.A. Krugerand or the UK Sovereign, but with the price of gold going down, it probably wouldn't be worth the trouble.
2007-01-16 01:43:41 · answer #1 · answered by wunceinawhile 6 · 0⤊ 0⤋
It would be illegal in some countries! Silver and Copper based coins were being regularly melted in India (albeit illegally) since the cost of the metal went up and was more than the face value. The metal was changed to some nickel alloy now. The Government is aware of such activities and tries to change the alloy composition so that it is not profitable.
2007-01-16 09:29:27 · answer #2 · answered by Swamy 7 · 1⤊ 0⤋
It is illegal to smelt sovereigns or any other bullion coins in the UK into bar bullion.
Why would you want to ,as the face value of a coin is always marginally higher than its metal value,unless the currency has hugely devalued.
Bearing that in mind look at Zimbabwe dollars,which I think are Cupronickel
2007-01-16 15:00:55 · answer #3 · answered by Matt 2 · 0⤊ 0⤋
I would melt the 1oz. Gold South African Krugerrand. It is made of gold, obviously, and gold has had value for thousands of years so it is most likely to have value in the future. The Krugerrand is the cheapest per ounce of any of the other gold coins and it would have just as much value as any other when melted down.
2007-01-16 09:29:29 · answer #4 · answered by seif970 1 · 0⤊ 0⤋
pre 1964 U.S. half dollars have about $4 worth of silver in them at current market prices (eg. a roll of 20 is $10 but melted down you would get about $80)
sounds like a good investment to me as Silver will remain of value well into the future
2007-01-16 11:23:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Krugerrand
2007-01-16 09:25:52 · answer #6 · answered by ROBSTER 4 · 0⤊ 0⤋
UK copper coins (ie before 1991) have a copper value of more than their face value, at the current world copper price.
2007-01-16 09:30:57 · answer #7 · answered by Anonymous · 0⤊ 0⤋
that's illegal.
but, putting the law aside, a penny is worth 1.2 cents, and a nickel is worth 5.3 cents in raw metal materials. (prices in USD)
the costs of metals will always go up (due to supply and demand; there's only a finite amount of metal on earth).
don't get caught!
2007-01-16 09:29:40 · answer #8 · answered by evoleye 3 · 0⤊ 0⤋
south african kugerrand or the good old english soverign
2007-01-16 09:26:22 · answer #9 · answered by angus r 5 · 0⤊ 0⤋
golden sovereign
2007-01-16 09:33:26 · answer #10 · answered by London Girl 5 · 0⤊ 0⤋