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JJM
Penny Sorter Member
71 Posts |
 Posted - 02/17/2010 : 12:10:37
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Scrappers and scrapyards have never appeared to be the most compliant sorts when it comes to buearocratic BS IMO. Perhaps a better was of asking the question is this. How high will copper have to go before there is mass disobedience?
Copper and scrapyards already have a murky past. Much of the copper wire that gets turned in, at least around here, is still burned (another no-no).
My guess is when copper shoots up a lot, there will be a LOT of scrappers ignoring the melt ban. I suspect we have a bit of deflation to go before that day gets here though.
I'm not looking for anyone to out themselves here, but I am curious as to what others think
HH
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/17/2010 : 12:34:58
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| I'm sure a company would love to lose it's license, pay thousands in fee's for a few bucks in scrapping pennies. |
Trolling is an art. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/17/2010 : 13:29:52
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| I always love it when the scrap yard gives you a copper penny in change when they do their pay out :-) |
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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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/17/2010 : 17:04:10
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Yeah, in most areas now with all the added red tape for those selling the scrap etc, I doubt the scrap yards are going to push their luck unless the deal was worth thousands....ie one or 10 tons of copper cents.
But then it wouldn't just involve the scrapper but the smelter as well. YOu would have to conceal or hide all those pennies amongst your legitimate copper. Not that easy I would guess. |
"May your percentages ever increase!" |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/17/2010 : 17:07:27
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| I think that the ban would have to be lifted before mass melting would take place. |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 02/17/2010 : 17:48:36
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Supposedly there's tonnes of pennies being sent to Mexico mixed in with shipping container loads of scrap and the Cu is being returned to U$ in the form of Bathtubs, Sinks and Fountains.
But, that's all hearsay any gossip.
Probably not reliable information at all! |
There's profit if you melt things!!
8{> |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/17/2010 : 19:14:44
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| I can't see a scrap yard wanting to buy copper coins since they have to send it off to a refiner who in turn would be taking the real risk in melting them. But let's consider a small mom & pop company who makes brass items. What realistically is going to stop them? |
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Think positive. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 02/18/2010 : 00:05:16
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| exactly. |
"May your percentages ever increase!" |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/18/2010 : 00:18:34
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| I am sure someone is doing it on a small scale. I doubt that any local run of the mill scrap yard is buying any. If it is being done on a large scale, it is being done by some big shots who are making big dollar handshakes in the shadows. |
You don't have to be the BEST you just have to be.......SLICK
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coinwolf
Penny Collector Member
USA
277 Posts |
Posted - 02/19/2010 : 15:38:17
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| Amen Slick! |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 02/19/2010 : 16:40:07
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quote:
Originally posted by Computer Jones
Supposedly there's tonnes of pennies being sent to Mexico mixed in with shipping container loads of scrap and the Cu is being returned to U$ in the form of Bathtubs, Sinks and Fountains.
But, that's all hearsay any gossip.
Probably not reliable information at all!
You and I have heard the same gossip- a ton of pennies "salted" in a container would hardly get noticed. |
Beer is my currency. |
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chris6084
Penny Collector Member
303 Posts |
Posted - 02/20/2010 : 00:33:06
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quote:
Originally posted by TXTim
quote:
Originally posted by Computer Jones
Supposedly there's tonnes of pennies being sent to Mexico mixed in with shipping container loads of scrap and the Cu is being returned to U$ in the form of Bathtubs, Sinks and Fountains.
But, that's all hearsay any gossip.
Probably not reliable information at all!
You and I have heard the same gossip- a ton of pennies "salted" in a container would hardly get noticed.
I have heard the same thing, specifically about Texas. May help to explain some of the lower copper percentages in the border states. |
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scooter
Penny Pincher Member
240 Posts |
Posted - 02/26/2010 : 00:50:20
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| some douchey mob wannabees might try it. i dont think anyone normal is doing it |
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How much penny melting is really going on?
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