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Thread: Question for metals bugs

  1. #1
    Great Value Carrots Dachsie's Avatar
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    Question for metals bugs

    Is it legal to sell pennies or nickels for melt value somewhere?

    If so, where?

    A penny is worth 2 cents melt value for the copper.

    The nickel also is worth more than a nickel melt value for nickel.

  2. #2
    Great Value Carrots
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    Re: Question for metals bugs

    Illegal, at least last time I checked.
    " If you are on the wrong road progress means doing an about-turn and walking back to the right road and in that case the man who turns back soonest is the most progressive man. There is nothing progressive about being pig-headed and refusing to admit a mistake. And I think if you look at the present state of the world it's pretty plain that humanity has been making some big mistake. We're on the wrong road. And if that is so we must go back. Going back is the quickest way on.” ---C. S. Lewis

  3. #3
    Great Value Carrots
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    Re: Question for metals bugs

    If you own it then you may do as you like. If your goal is to control more FRNs then anything not pre-approved is illegal. That would include melting coins.

    As these things work the question can only be answered based upon your status. Those who collect FRNs don't have any status.

  4. #4
    Iridium monty's Avatar
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    Re: Question for metals bugs

    Pennies minted through 1982 were 95% copper. Since then the pennies minted are 97.5% zinc. The coin collectors have hoarded most of the copper pennies.
    "It can never happen here.” “It won’t get that bad.” “This is America.” Such foolish words. Such blind people. When the country had long passed the point of no return, they still believed that with the next election cycle things would turn around. Moral character and moral fiber were no longer requirements for those who ran for public office, but such ideas were openly mocked.”
    LaVoy Finicum

  5. #5
    Electrum RatHoler's Avatar
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    Re: Question for metals bugs

    ^
    Technically there are some 1982 pennies that are almost all zinc. My guess is that zinc started in October or November of 82

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