If you were to melt any coin in any currency as an investment for the future in raw materials what would it be

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butterflies_down

If you were to melt any coin in any currency as an investment for the future in raw materials what would it be

wunceinawhile

The S.A. Krugerand or the UK Sovereign, but with the price of gold going down, it probably wouldn't be worth the trouble.

Swamy

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.

crzyaltego

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

evoleye

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!

Hibee

UK copper coins (ie before 1991) have a copper value of more than their face value, at the current world copper price.

5yellowchips

ROBSTER

Krugerrand

seif970

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.

zanydumplings

soveriegn

angus r

south african kugerrand or the good old english soverign

London Girl

golden sovereign

Matt

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

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