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In the Wizarding World, there are bronze Knuts, silver Sickles, and gold Galleons. Can these coins be melted down into precious metals (thus a Galleon is literally worth its weight in gold, or whatever it is made of)? Or is there some magic that prevents this?

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    Do we even know that Wizarding currency uses real gold? – ibid Sep 3 '17 at 2:37
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Goblin coins probably can't be melted

We know that the coins are minted by goblins and that they can put protecting magic in metal items.

Hagrid mentioned indestructible goblin armors...

"Oh yeah. Firs' we presented him with a nice battle helmet -goblin-made an' indestructible, yeh know - an' then we sat down an' we talked.'"

Harry Potter and the Order of the Phoenix

...and we know about the special properties of Goblin-wrought silver.

“Oh yes. It is a copy—en excellent copy, it is true—but it was Wizard-made. The original was forged centuries ago by goblins and had certain properties only goblin-made armour possesses. Wherever the genuine sword of Gryffindor is, it is not in a vault at Gringotts bank.”

Harry Potter and the Deathly Hallows

“Muggle-born,” he said, “Goblin-made armour does not require cleaning, simple girl. Goblin’s silver repels mundane dirt, imbibing only that which strengthens it.”

Harry Potter and the Deathly Hallows

Moreover, we know that the coins are cast under the responsibility of a single goblin, indicating a process that is at least a bit more artesanal than our own coins, with the supervision of a goblin. That points to some magic being actually involved in the making of wizarding currency.

The coin gleamed fat and yellow in the light from the torches. “On real Galleons that’s just a serial number referring to the goblin who cast the coin. On these fake coins, though, the numbers will change to reflect the time and date of the next meeting.

Harry Potter and the Order of the Phoenix.

Additionally, goblins are probably aware of this potential problem since they trade muggle money for wizard coins and thus find a way of dealing with the muggle economy to get a profit out of that money.

"Goblins manage to get muggle money back into circulation after muggles have changed it into wizard money at Gringotts. They are like 'Fences'"

JK Rowling - quote froom AOL chat 2000

So while we don't know for sure it's not much of a leap to assume goblin gold comes with strong protection.

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    It is a good a answer, but i have an impression that goblin made armor, weaponry etc. is custom- made with great care. Knuts, on the other hand seem mass-produced... – user68762 Sep 3 '17 at 11:27
  • @D.O.B.Y2.0 actually I think I read somewhere that each coin has a mark telling the goblin that minted it, so maybe the process is somewhat more artesanal than our own coins. – Ram Sep 3 '17 at 17:58
  • nice. if you could find the source it would support your argument... – user68762 Sep 3 '17 at 18:58
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    @D.O.B.Y2.0 there I found the quote – Ram Sep 3 '17 at 19:23
  • nice, pity i cant double UV for the research effort – user68762 Sep 3 '17 at 19:57

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