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goodcoin
Penny Sorter Member
42 Posts |
 Posted - 08/10/2010 : 18:58:43
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I’ve read the article from the Baltimore Sun, Dog Ate Your C-Note? Uncle Sam Might be Able to Help. The article stated:
“Change that's worn thin can be turned in to the Federal Reserve banks for full value. The U.S. Mint redeems mutilated or fused coins — a one-pound minimum — for the value of the metal.”
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I wonder what the mint would do if you sent them one pound or more of fused copper cents? Would you receive the melt value of copper?
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/10/2010 : 19:09:01
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| I think someone should save their bent coppers and try this |
One box of Nickels
11.65% .999 Ni |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/10/2010 : 19:10:30
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| I think someone here tried this a couple years ago. I don't think it worked out well |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 08/10/2010 : 19:19:30
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| Please someone try it, please!!! |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/10/2010 : 19:20:23
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| shipping will kill you |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 08/10/2010 : 19:38:26
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I just have a hard tim believing they will pay metal, just doesnt sound right. I really like the coppers (even the bent and uglies )so I wouldnt do it that but would love to try it with ugly zincs.
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TXBullion
Penny Collector Member
374 Posts |
Posted - 08/10/2010 : 19:39:37
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| also, whats considered a fused coin. Maybe its worth it for me to try.... |
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/10/2010 : 23:55:54
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quote:
Originally posted by fb101
I think someone here tried this a couple years ago. I don't think it worked out well
What was the outcome? |
One box of Nickels
11.65% .999 Ni |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 08/11/2010 : 12:06:23
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| I send in mutilated batches every couple of months. You never fully get out what you send them. |
Copper Penny Investing
www.portlandmint.com |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
Posted - 08/11/2010 : 14:30:56
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they use a formula that is supposed to reflect the current mix of coppers and zincs in circulation.
therefore, if you're heavy on coppers you lose out, send all zincs you should come out ahead.
You have to keep cents, nickels, and suzies/sacs/new dollar coins separate.
you can mix dimes, quarters, halves, and Ikes together ($20/Lb by weight) |
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mauk13r
Penny Sorter Member
USA
60 Posts |
Posted - 08/23/2010 : 19:14:16
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| Sounds like a lot of trouble for not much result. |
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Mutilated or fused coins
Forum Locked
