melting coins

[JosephTheLibertarian]

are pennies worth more when you smelt them down and sell them? That's what I've been hearing. how about other coins?

 

[pappy]

Yes they are, but it has recently been made illegal to do so. Also illegal to ship out of the country.

pappy

 

[pappy]

Just save them and sell them to others (on Ebay, privately, etc.). Check out this site.

http://realcent.forumco.com/

pappy

 

[acptulsa]

It has been illegal for years and as with silver, the composition and, therefore, the intrinsic value varies by date. You're asking about copper pennies, minted prior to (if I remember right) 1984. Silver is 90% silver from 1964 back.

 

[JosephTheLibertarian]

Well, it's only illegal if you get caught

 

[boggie08]

I wonder what will happen when the paper in a $1 is worth more than a dollar.

 

[ladyjade3]

Depends on the year. The way it currently is, it *costs* more than one cent to make a penny, but the metal content is closer to half a penny. So, don't go melting down recent pennies... or any coins cause that is illegal.

Silver dimes from before 1964 however... keep an eye out for those. Worth over a dollar I think.

 

[pappy]

1959-1981 95% copper
1982's some copper/some zinc
1983 and after zinc

I'm pretty sure the melting and exporting of pennies was not made illegal more than about one year ago.

pappy

 

[LibertiORDeth]

I wonder what will happen when the paper in a $1 is worth more than a dollar.

It already is actually. The dollar is worth 4 cents what it was 100 years ago, and it costs 4 cents to print a dollar.

 

[Vvick727]

if done in huge numbers, it might help fight inflation