2007-04-02 07:10:25 · 7 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts
OK so your going to melt 5 cents to harvest .001 cent of nickel and copper , yea that's a real bright financial plan ya got there
2007-04-02 07:19:05 · answer #1 · answered by Anonymous · 1⤊ 3⤋
The mint has used one of it's powers to put in effect a law that makes it a crime to met copper cents and nickels or export them. Up to this time you could, the law had stated that you could not take a coin and deface it to commit fraud. There is no law that says you couldn't melt it. From Time to time the mint has used a regulation that they have, that can stop people from melting coins for a certain period then it is up to congress to extend it. I am not so sure if congress extended it or not. It should not matter for people melting cents or nickels will lose money. When the mint stated it cost more to make those items they counted in time, labor and shipping as well as the copper or nickel. I would not do it for 2 reasons it still may be against the law and you will lose money. Remember you have to have them melted and the tin and zinc taken out. Copper cents (1959-1982) are .950 copper and .050 tin and zinc.
2007-04-02 14:57:46 · answer #2 · answered by Taiping 7 · 1⤊ 1⤋
Valid? Do you mean legal or sensible?
For copper, it's less expensive to get used pipe from a re-cycling center. I have a favorite dye recipe that calls for copper and I have copper tubing stashed away from the last time there was remodelling done in a nearby apartment complex. Egads! The stuff was being thrown away!
Many people have problems dealing with nickel and other so-called "base metals". I'm not a source of further information on nickel.
2007-04-02 21:56:36 · answer #3 · answered by h_brida 6 · 1⤊ 0⤋
Pennies are mostly zinc and don't have alot of copper in them, other than that I guess its okay provided you don't sell the metal. I don't believe that nickels have alot of nickel in them either.
2007-04-02 14:24:21 · answer #4 · answered by Huey from Ohio 4 · 1⤊ 1⤋
Once you own the money, it is yours to do whatever you like. You just can't mutilate it and reuse it as money. Also, I dont think the coins are made with pure nickel and copper anymore
2007-04-02 14:16:01 · answer #5 · answered by Anonymous · 1⤊ 2⤋
Willful destruction of U.S. currency is a crime.
I used to put pennies on the railroad tracks and when the train came along, it would either flatten the penny to the thickness of paper, or send it flying so fast it would get stuck in the fence. One penny shot off and embedded itself in the skull of a friend of mine, and to this day, the only word he can say is "cabbage". Nickels didn't flatten as well, and I was too poor to use quarters. Now I enjoy taking $100 dollar bills, burining them with a 24 karat gold Zippo, and lighting cigars with them as 18 year old strippers pull out other $100 bills out of my suit pocket with their boobs.
2007-04-02 14:17:41 · answer #6 · answered by Repeat Offender 2 · 1⤊ 4⤋
destruction of any coin made in the us is a federal offense and you can be jailed or made to pay a penalty fine.
2007-04-02 16:44:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋