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Time To Lift The Ban On Melting U S Cents

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189117 Posts
 Posted 09/21/2020  11:29 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I am not holing my breath, but I am holding my copper cents to save them from your vicious desire to melt them!
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 Posted 09/21/2020  12:17 pm  Show Profile   Bookmark this reply Add TNG to your friends list
And I thought State Quarters and Presidential dollars were heavy when we cashed in several thousand dollars for face at the bank. Personally, I don't think messing with copper Lincoln cents is worth the work involved.
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 Posted 09/21/2020  10:12 pm  Show Profile   Bookmark this reply Add mikem007 to your friends list
Agree with other post, who would know if you break the Law and melt some coins! In 2012 I was inside of a large refinery for a technology project and was amazed at the barrels of silver coins waiting to be melted. Problem is that there is an energy cost to melting that might eat up your profit.
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 Posted 09/22/2020  02:56 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list
I agree, you won't get current melt value due to refining costs. I've been scrapping almost 50 years.
When I listen to LED ZEPPELIN...so do my neighbors...
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 Posted 09/22/2020  10:27 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list
One ton of "copper" cents. About 300,000 coins.

Time-To-Lift-The-Ban-On-Melting-U-S-Cents
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 Posted 09/22/2020  12:20 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
One ton of "copper" cents. About 300,000 coins.
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 Posted 09/22/2020  11:02 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
In 2012 I was inside of a large refinery for a technology project and was amazed at the barrels of silver coins waiting to be melted.

Melting silver coins is legal.
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 Posted 10/09/2020  4:13 pm  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list
the cent isn't pure copper, it's 95% copper, 5% zinc alloy. I don't know exactly what class it will fall into maybe #2 copper, but I'd think in the brass category which is like $1.40 a pound, and they will pay even less than that. some of them were
95% copper, 2.5% tin, 2.5% zinc, (1864-1942, 1947-1962)
some were 95% copper, 5% zinc, (1944-1946, 1962-1982)

Not worth the time or effort, probably never will be. Refining it to 100% copper again is going to eat up whatever above it's face value of profit for you it would be.

it's why the "we buy gold and silver" places don't also have copper and brass on their signs, and why you gotta take your copper to the scrap yard dude because he loads it up in containers and sends it to China to be refined and recycled back to #1 copper.

And honestly, there's plenty of scrap good copper that takes far less refining out there between wires and pipes for the scrap guy to ever want to mess with pennies unless it became seriously profitable for him to do it.
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 Posted 10/09/2020  4:18 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
Sort of the same as coin roll hunting . If you take your most valuable asset
Which is time , not worth the effort !
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 Posted 10/09/2020  4:33 pm  Show Profile   Bookmark this reply Add machine20 to your friends list

Quote:
One ton of "copper" cents. About 300,000 coins.


searched?
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 Posted 10/09/2020  5:26 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Sort of the same as coin roll hunting
Maybe, but for some, CRH is arguably more fun.
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 Posted 10/10/2020  09:34 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list
"How do you make one hundred dollars by coin roll hunting?
Start with two hundred dollars."

Agree w/JBuck, CRH'ing is about fun, and thrill of the hunt.
When I listen to LED ZEPPELIN...so do my neighbors...
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189117 Posts
 Posted 10/11/2020  12:07 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
"How do you make one hundred dollars by coin roll hunting?
Start with two hundred dollars."


I will say though, silver CRH finds in the early 1990s funded most of my Franklin half dollars.
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 Posted 10/19/2020  10:18 pm  Show Profile   Bookmark this reply Add twslisa to your friends list
I'm not as prolific at saving up copper pennies as you, obviously, but my grandpa told me back in '82 that I should hang onto them, so I've done so when I've thought of it. Even after the melt ban was adopted, I just did—maybe my silly way of honoring my grandpa. It'd be great if they lifted the melt ban. I'm sure there are lots of better uses for copper than handing it out in change or sitting on it.
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189117 Posts
 Posted 10/20/2020  11:26 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
I just did—maybe my silly way of honoring my grandpa.
Nothing wrong with that. Not at all.
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