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biglouddrunk
Penny Pincher Member
138 Posts |
 Posted - 09/19/2009 : 02:15:12
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Has anybody read the rule that we call the melt ban? Does it ban the destruction of pennies or just the melting of pennies? I would assume it ban the destruction of them. The reason I ask is I envision some day they will be used as feed stock for brass platers. They don't melt pennies rather dissolve them. If brass platers used them it would fix the 5% zinc problem. Most brass platers use a higher percentage of zinc than is contained normal brass so they would have to use a mix of pennies and zinc anodes.
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 09/21/2009 : 14:10:05
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| What is the difference between melting coins and destroying coins? |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/21/2009 : 14:24:51
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If your melting you are definitly destroying them, but destroying them doesn't necessarily mean your melting them. |
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coppercenthoarding.wikia.com
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hobo finds
Penny Hoarding Member
838 Posts |
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biglouddrunk
Penny Pincher Member
138 Posts |
Posted - 09/21/2009 : 20:52:31
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| I guess dissolving them would count as treatment. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 09/22/2009 : 13:18:46
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It says in those rules that you can ship out of the country for coin collecting reasons; I assume that would include copper investment.
Is it legal for someone out of the country to melt them? ie someone in Canada or Mexico |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 09/22/2009 : 13:52:42
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quote:
Originally posted by PennySaved
It says in those rules that you can ship out of the country for coin collecting reasons; I assume that would include copper investment.
Is it legal for someone out of the country to melt them? ie someone in Canada or Mexico
Yes,why would it be illegal for someone else to melt/destroy another countries coins? |
Copper Penny Investing
www.portlandmint.com |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 09/22/2009 : 17:25:47
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This always brings up the pressed penny discussion. So I'll just it bring it up.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 09/22/2009 : 17:28:31
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quote:
Originally posted by NotABigDeal
This always brings up the pressed penny discussion. So I'll just it bring it up.
Deal
Correct, then its not a coin and thus can be melted... Is there a law stating how many elongated pennies I can make in a yr? |
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jtm3
Penny Pincher Member
USA
187 Posts |
 Posted - 09/22/2009 : 17:32:15
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Question...!
Can I elongate my coppers and THEN melt them? |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
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Kurr
1000+ Penny Miser Member
2906 Posts |
Posted - 09/22/2009 : 18:13:13
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Theoreticly as I understand it, yes.
The theory goes that by elongating it or overstriking it, you are adding labor and your resources to make a more valuable product. Those elongated pennies have a big following on ebay for many many times more than the melt value would be.
Same thing with overstrikes such as one member here does. To add the labor and resources neded to make the product then to melt that product for the mere metal content would be a tremendous waste of time and resources.
Theoreticly. |
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/22/2009 : 18:39:29
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Would taking them down to the train tracks count as adding labor/resources? |
Copper Cent Hoarding Wiki
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Melt Ban
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