Ha ha ha Pennies & Nickels worth more if they are melted down - GoFuckYourself.com

aico · 12-14-2006, 02:20 PM

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

atom · 12-14-2006, 02:21 PM

time to let the fire in the backyard burn out....

Evil1 · 12-14-2006, 02:21 PM

only pre 82 pennies, and i think the nickles have been mostly zinc since the early 60's

aico · 12-14-2006, 02:23 PM

Quote:

Originally Posted by Evil1

only pre 82 pennies, and i think the nickles have been mostly zinc since the early 60's

No, it's all pennies and nickels, the pre 82 pennies are just worth more.

"...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..."

Martin3 · 12-14-2006, 02:24 PM

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.

ADL Colin · 12-14-2006, 02:24 PM

Yeah, copper has doubled in price in a little over a year

aico · 12-14-2006, 02:28 PM

Quote:

Originally Posted by Martin3

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.

Here, even though I am against posting links to Yahoo News, I'll do it in this case so all the people can read the fucking story before giving their misinformed

(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

12-14-2006, 02:20 PM	#1
aico Moo Moo Cow Join Date: Mar 2004 Location: Washington State Posts: 14,748	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 Last edited by aico; 12-14-2006 at 02:21 PM..

12-14-2006, 02:21 PM	#3
Evil1 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 __________________

12-14-2006, 02:24 PM	#5
Martin3 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. __________________ 264-543-302

12-14-2006, 02:24 PM	#6
ADL Colin 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 __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink" Last edited by ADL Colin; 12-14-2006 at 02:26 PM..

12-14-2006, 02:21 PM	#2
atom Confirmed User Join Date: Apr 2002 Location: Minneapolis Posts: 2,740	time to let the fire in the backyard burn out....