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 Replies: 40 / Views: 3,113 |
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Bedrock of the Community
United States
19963 Posts |
As far as melting....I say get it on. It will make the numismatic value of copper Lincolns even higher and the series more collected and appreciated.   |
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Pillar of the Community
United States
6326 Posts |
hmmmmmm......  ......  |
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Valued Member
United States
227 Posts |
I think if they lift the ban we will see a huge increase in value of Lincoln cents. letting those idiots melt them for 2 cents a piece after about a year All the ones many collectors are holding will soar in value probably more than 10 times that
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Pillar of the Community
United States
2602 Posts |
On the one hand melting them could create interesting date or mint mark shortages, like that seen for certain Morgan dollars, so some cents and nickels would rise in value accordingly. But I think it's a shame to melt potential numismatic treasures, because there may be rare varieties or errors that will get melted and this takes the fun out of roll searching! |
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Rest in Peace
United States
9104 Posts |
When you go to the bank and they have signs up asking for British coins because they'll take anything to make change for a nickel, where do you get rolls to search? Quote:
All the ones many collectors are holding will soar in value probably more than 10 times that
They've been melting silver coins for 40 years, and if it wasn't for their silver content, they still wouldn't be worth more than face. Why should cents go up to ten times? |
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Pillar of the Community
United States
3499 Posts |
I just say that we should melt LCMs since they were made in huge numbers for each year and mint mark. So there really wouldn't be shortages in the future.
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Pillar of the Community
United States
507 Posts |
I -assume- there's laws against melting graveyard plaques, fire hydrants, and such, but they seem to get stolen and melted down. I may be assuming too much, though.
I think once it is legal, and the newspapers print it, joe-six-pack will think it's easy money. He'll take all the pennies in the bank down to the scrapyard, without bothering to sort them. Will probably be frustrating to the recyclers.
WheatieFan
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Rest in Peace
United States
9104 Posts |
They'll spot check, and he'll find himself taking them back to Coinstar at 90% of face.
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Bedrock of the Community
United States
20753 Posts |
In reality there is little to worry about with such laws. Soon enough there will be no need for coins or currency anywhere on Earth. If you look around you'll notice that a larger and larger percentage of all transactions are being done with plastic. Due to intercontinental transactions such things as coins or currency will just not be practicle soon. We may be seeing the last of all coins soon.
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Moderator
 United States
189053 Posts |
Quote:
If you look around you'll notice that a larger and larger percentage of all transactions are being done with plastic. True. I think that the convenience of using plastic is one of the reasons why it now takes me longer to find the Denver Mint coins each year. Not just my increased use of plastic, but the traveler that would be bringing the coins east are more likely to use plastic rather than cash; traveling with a lot of cash is risky. |
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Replies: 40 / Views: 3,113 |
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Posted 08/17/2008 12:04 am
