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Replies: 20 / Views: 4,748 |
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Bedrock of the Community
United States
62064 Posts |
Also the coin composition. It not pure copper. .950 copper, .050 tin and zinc.
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Pillar of the Community
United States
3662 Posts |
Why not just save and melt copper plumbing pipe scrap? It's much closer to pure copper, and perfectly legal to melt.
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Pillar of the Community
United States
3402 Posts |
COOP is right, the composition signature and your confession after a grilling would give it away. Don't take any of us down with you. I don't know this guy!!!
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Pillar of the Community
 United States
939 Posts |
I'm not doing it. I was wondering about it lol. Don't worry guys. It's not illegal to ask about the law and how things work. Lol.
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Pillar of the Community
 United States
2843 Posts |
Quote: I'm not doing it. I was wondering about it lol. Don't worry guys. It's not illegal to ask about the law and how things work. Lol. I believe it is a fair question to ask. As much as it may sound like somebody who wants to break a law, it is certainly ponder-able what government was planning on doing to prevent this when they made the law. I personally cannot get myself to spend copper cents. Spending 2 cents worth of copper for 1 cent just doesn't make sense (pun intended) to me. I don't have a plan for the copper cents. Time will tell. The only time I can let one go, is when I give my kids a cent to smash in those elongated cent rollers. The zincolns don't come out nearly as nice.
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Pillar of the Community
United States
1386 Posts |
I was wanting to start melting down my aluminum cans to take in blocks. Higher price. Well the scrapeyards in my area won't touch them. Reason, They have no idea what's in the middle. So most likely you wouldn't find a scrap yard to even take a block of copper.
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Rest in Peace
United States
18456 Posts |
Quote: the day will come and many tons of copper cents will hit the furnace. And when that happens, the price of copper will go down to 50 Cents a pound or less 
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Pillar of the Community
United States
4233 Posts |
It's interesting to ponder, but you'd have to melt at least 10,000 cents to make $100, and your home smelter equipment could easily run upwards of a couple thousand, so you're melting a couple hundred thousand coins before you break even.
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Bedrock of the Community
United States
17884 Posts |
As Coop says your resulting block is not pure copper, so you're not going to get anywhere close to the spot price for it. Figure maybe half of the copper spot price. At that rate you'll have more in face value in cents in the ingot than what the scrapyard will give you for it. Now if copper gets back up the five or six dollar a pound range then you might be able to make a profit.
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Pillar of the Community
United States
8715 Posts |
Crime doesn't pay. Someone will eventually notice, and report you to the police. Even if someone attempts to scam you when you go to sell the copper, you cannot go to the police as you are breaking the law.
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Bedrock of the Community
United States
20753 Posts |
Your all kidding yourselves. Melting Copper coins is being done all the time at smelters. Many people simply bring in Copper pipes, cables, wires and coins all together. Then when melted down, the composition of the Copper is all mixed with whatever else was brought in at the same time. By me most smelters have people working there that can hardly speak English let alone know about any laws about what to or what not to melt. If it's metal, it gets melted. So just how would anyone know it was ever a coin if mixed with pipes, wires and cables? And even if melting a Copper coin was against the law, what about all the other ways Copper coins are messed with. At the Zoos they usually have those machines that make Pennies into a Zoo charm. So lets put the Zoo people in jail?
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Pillar of the Community
United States
3473 Posts |
Sure, it's against the law, but would the government really deploy the resources required to prosecute a person who melted a couple hundred pounds of copper cents?
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Pillar of the Community
United States
4233 Posts |
I think the difference, just carl, is that it's specifically illegal to melt cents and nickels, but it's not illegal to "alter" cents in those stamping machines or even on railroad tracks. I imagine they would go after a large operation melting millions of coins if they became aware of it. I think it's funny that you are also limited to taking only $5 worth of cents and nickels out of the country, but you can get on a plane with ten grand in banknotes.
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Pillar of the Community
United States
3402 Posts |
Just Carl, It is not illegal to deface a US coin. So those zoo elongates are OK.
In Britain and the commonwealth I believe I is illegal to deface a coin as you would be defacing the queen. We Americans can bring US cents up to Canada to melt and Bring Canadian cents back to the US to melt. Would have made a good Seinfeld episode with Kramer.
KK
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Pillar of the Community
United States
3179 Posts |
Quote: Would have made a good Seinfeld episode Good one KK  Copper in circulation is certainly dwindling. 
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