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110 Posts |
 Posted - 04/13/2008 : 17:35:49
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This question has probably been asked a bazillion times, but what's one more time gonna hurt? This is what I read on their site
"Question: Will the Mint buy back my old coins?
Answer: No, the United States Mint does not repurchase any issue coins. It will redeem mutilated coins for their scrap metal value."
Why not just mutilate some coins, and sell them back to the US Mint for scrap prices?
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24 Empty Missile Tubes, A Giant Mushroom Cloud....It's Miller Time!!! |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 04/13/2008 : 18:31:13
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Do they weigh the pennies if you mutilate them?
Wouldnt they suspect something if you sent in a $50 bag of all coppers? |
"99% of all lawyers give the rest of them a bad name" 
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Posted - 04/13/2008 : 18:43:49
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I guess they would probably weigh them, since they say they pay metal scrap prices. I'd be curious as to what metal they pay for.
I don't know how you'd get around answering the question "how did you get so many".. etc, but I guess you could say you've been hoarding mutilated pennies for years and years? Would they have any other option than to believe you? Is there a law against mutilating pennies anyway?? |
24 Empty Missile Tubes, A Giant Mushroom Cloud....It's Miller Time!!! |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/13/2008 : 18:56:06
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| There are companies who buy mutilated coins too. I think they deal with banks. I posted a link to one a long time back. My guess is that the mint would only pay you the scrap zinc metal value for pennies. If the pennies were mutilated it would be difficult to read the dates on them even if they tried. Nickels may be a better bet..........at least until they come out with a steel nickel. |
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Think positive. |
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Posted - 04/13/2008 : 19:05:52
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| That's what I was thinking, unless of course you left the date intact. I'd submit an inventory with dates, etc. I'd remind them of the copper content of those pennies. Hell, I'd probably include some of their own literature on copper content. |
24 Empty Missile Tubes, A Giant Mushroom Cloud....It's Miller Time!!! |
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US Mint
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