Comments On A Previous String About Melting Base Metal Coins

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Author	Replies: 6 / Views: 2,032
Smallcentguy Pillar of the Community Canada 1984 Posts	Posted 04/24/2012 07:51 am There have been strings in the past that discussed whether it was worthwhile melting down nickel and, I think, copper coins. Well, here is an example of someone who has done it. This could be an interesting auction to watch..... http://www.ebay.com/itm/Copper-Bull...em35bb9782ba Why anyone would pay $8 per pound for copper (including shipping) is a mystery to me! His photo suggests he has made the bullion by melting cents but his description (100% copper) suggests otherwise. Edited by Smallcentguy 04/24/2012 07:52 am Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21788 Posts	Posted 04/24/2012 08:22 am The only pure copper coins that I know of are 150+ years old, and even in extremly poor condition, would still be worth much more than their melt value. If you are going to convert copper anything into bars, pick on copper wire: it's pure. Nevertheless, it would be cheaper on selling that stuff than converting it into bars for re sale. If you do a copper bar, it would still have to be assayed. Not so with copper wire, because it would be electrically useless unless it WAS pure. There are pure nickel coins around, I have a small pure nickel junk coin accumulation. I still think it is not worth melting them, for the above reasons. Report this Post to the Staff
kuh_85 Pillar of the Community Canada 2366 Posts	Posted 04/24/2012 09:37 am Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 04/25/2012 02:28 am I wouldn't take his word on purity. Report this Post to the Staff
Center Pin Valued Member Canada 178 Posts	Posted 05/02/2012 1:26 pm If the purity is as good as the grammar it might be 60% at best. Report this Post to the Staff
chasinva69 Valued Member United States 259 Posts	Posted 05/02/2012 5:02 pm he got zero bids Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 05/02/2012 5:19 pm All this talk of melting base metal coins gets more ridiculous by the week. Even Canadian coins have small percentages of tin and zinc, so what's the point of keeping them? They last longer in circulation and that's pretty much all there is to it. The fact that they're being removed from circulation only makes the new ones more worthless and devalues our money by the year. They are purposely being made to be ugly and disgusting to touch so that we place no value on them. Report this Post to the Staff
	Replies: 6 / Views: 2,032

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