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|  12-14-2006, 02:20 PM | #1 | 
| Moo Moo Cow Join Date: Mar 2004 Location: Washington State 
					Posts: 14,748
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				Ha ha ha Pennies & Nickels worth more if they are melted down
			 How fucking sad is that?? US Mint just made it illegal to melt down pennies and nickels. Apparently the metal is worth more than the currencty... Fucking awesome.  edit: apparently I can't spell metal | 
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|  12-14-2006, 02:21 PM | #2 | 
| Confirmed User Join Date: Apr 2002 Location: Minneapolis 
					Posts: 2,740
				 | time to let the fire in the backyard burn out.... | 
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|  12-14-2006, 02:21 PM | #3 | 
| Confirmed User Industry Role:  Join Date: Mar 2002 
					Posts: 3,893
				 | only pre 82 pennies, and i think the nickles have been mostly zinc since the early 60's 
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|  12-14-2006, 02:23 PM | #4 | |
| Moo Moo Cow Join Date: Mar 2004 Location: Washington State 
					Posts: 14,748
				 | Quote: 
 "...Because of the prevailing prices of copper, zinc and nickel, the cost of producing pennies and nickels exceeds the face value of the coins. A nickel is 25 percent nickel and 75 percent copper. The metal in one coin costs 6.99 cents for each 5-cent coin. When the Mint's cost of producing the coins is added, the total cost for each nickel is 8.34 cents. Modern pennies have 2.5 percent copper content with zinc making up the rest of the coin. The current copper and zinc in a penny are worth 1.12 cents. The cost of production drives the cost of each penny up to 1.73 cents. Pennies made before 1982, which are still in circulation, would be even more lucrative to melt down because they contain 95 percent copper and only 5 percent zinc. The metal value in those coins is 2.13 cents per coin, Mint officials said..." | |
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|  12-14-2006, 02:24 PM | #5 | 
| Confirmed User Join Date: Oct 2005 Location: Houston 
					Posts: 1,529
				 | Pennies aren't 100% copper and haven't been for probably 40years now. Older Nickels from I think 1964 and below because of the silver used in them. But good luck finding high quantities of either. 
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|  12-14-2006, 02:24 PM | #6 | 
| Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA 
					Posts: 11,929
				 | Yeah, copper has doubled in price in  a little over a year 
				__________________ skype = "adultdatelink" | 
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|  12-14-2006, 02:28 PM | #7 | |
| Moo Moo Cow Join Date: Mar 2004 Location: Washington State 
					Posts: 14,748
				 | Quote: 
  (which would actually be 2.24 cents if they melted it down and sold the metal) http://news.yahoo.com/s/ap/20061214/..._ge/mint_coins | |
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