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 Replies: 69 / Views: 47,495 |
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Moderator
 United States
14463 Posts |
Back when the metal in the coins had a lower value than face value, it made sense to spend them and not melt them. Even today, with metal content value being a little more than face value, I think after melting expenses you "might" get your investment back.  |
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Rest in Peace
United States
9104 Posts |
 , wymanvp1! I just realized the obvious answer to the topic question: The week after you dump yours into Coinstar. |
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Pillar of the Community
Canada
1700 Posts |
It is illegal to melt any coins. This piece of informationis found on both RCM and USM |
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Rest in Peace
United States
9104 Posts |
Quote:It is illegal to melt any coins. This piece of informationis found on both RCM and USM  please cite, because it's just not true. |
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Valued Member
United States
120 Posts |
Quote:
So, when will the Feds let's us have our 'big' payoff? Probably about a year after copper prices reach a level high enough for the scrap metal coalition to higher lobbyists. Quote:
We dont actually need to worry about the illegal issue of melting pennies. Quote:
Keep your copper cents in their original shape, their bullion value will always be there I feel like I'm going to get flamed for this, but if it is illegal to melt, the bullion value is zero. |
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Valued Member
United States
162 Posts |
But if people anticipate the ban being lifted at some point, they are willing to pay a percentage of the bullion value on speculation, which is what's happening now. The sooner people expect the law to change, the closer to bullion value they will be willing to pay.
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Valued Member
United States
120 Posts |
Quote:
But if people anticipate the ban being lifted at some point, they are willing to pay a percentage of the bullion value on speculation, which is what's happening now. The sooner people expect the law to change, the closer to bullion value they will be willing to pay. I'm sorry, but I see a difference between bullion value and speculation value. The bullion value is currently zero. The speculation value is quite a bit more than that. If the laws change, then so will both values. |
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Rest in Peace
United States
9104 Posts |
Quote:
I feel like I'm going to get flamed for this, but if it is illegal to melt, the bullion value is zero. You mean like gold from 1934-74? |
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Pillar of the Community
United States
1195 Posts |
$1.50 in Cu cents is about 1 lb of Cu, interesting. Quote:
... but if it is illegal to melt, the bullion value is zero. The Bullion value is preserved, legality of melting not withstanding, with the fact that the un-melted cents are of a certain, known purity. |
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Replies: 69 / Views: 47,495 |
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Posted 11/23/2011 11:36 pm
