A friend of mine distrusts banks etc and hoards his cash in his house. I told him he's an idiot as someone could break in and steal it. He says they'll have a job it's all in coins! But if there was a fire (if the thieves aren't put off with the weight) wouldn't the coin burns if it was intense heat. Thats his argument, notes would burn coins wouldn't. But I'm not sure. Would his coin collection be safe if his house caught fire?
2006-10-17 05:23:18 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
The melting point of copper is about 1300 F -- while wood starts to burn at around 500 F. It would have to be a raging fire to burn up his coins.
If it does melt, at least his position will still be liquid.
2006-10-17 07:02:32 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
It could well melt as the temperatures in a house fire can melt metal beams etc. He should put it in a instant access account like ING direct.co.uk which pays close to 5% otherwise inflation will eat away at the value of his savings.
2006-10-17 06:38:36 · answer #2 · answered by frednuff 2 · 0⤊ 0⤋
It fu cking well does when you give it to politicans and the Inland Revenue, melts and vanishes, into fu cking thin air..
2006-10-17 06:20:17 · answer #3 · answered by manforallseasons 4 · 0⤊ 0⤋
Yeah, it'll melt. That's why he's suppose to put ti in jars and bury it in an undisclosed place on his property. DUH
2006-10-17 08:10:47 · answer #4 · answered by Benjamin J 2 · 0⤊ 0⤋
if it is chocolate money
2006-10-17 08:18:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋