I know it's illegal, but...

Discussion in 'Bullion Investing' started by Pilkenton, Feb 22, 2012.

  1. desertgem

    desertgem Senior Errer Collecktor Supporter

    I love the cat!!!!! Dogs look silly with aluminum foil, but cats are grace under fire :)
     
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  3. justafarmer

    justafarmer Senior Member

    If someone offered to sell you with a HOMEMADE 100 oz bar of silver - would you pay anywhere close to spot? How much faith do you suppose a scrap yard will have in a big old homemade blob of melted copper?
     
  4. Pilkenton

    Pilkenton almost uncirculated

    I think scrap yards have seen just about everything. I don't think they would question a big glob of melted copper.
     
  5. zach67005

    zach67005 Active Member

    Great, I love college basketball!
     
  6. gboulton

    gboulton 7070 56.98 pct complete

    The fact that it's easier to shove them into the trunk of the junk car, and point them out with a wink and a nod when you get to the scrap yard.
     
  7. kookoox10

    kookoox10 ANA #3168546

    And apparently you don't ever hear about scrapyards reporting people who bring in copper wire or tubing from cell phone towers and light poles. I might be wrong about this, but aren't scrapyards suppose to collect identification from sellers?
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins


    ncaa.....
     
  9. rickmp

    rickmp Frequently flatulent.

    Kookbox, really, The National Association for the Advancement of Colored People?

    Zach, really, "Great, I love college basketball!"?
     
  10. GreatWalrus

    GreatWalrus WHEREZ MAH BUKKIT

    I think he meant PETA
     
  11. green18

    green18 Unknown member Sweet on Commemorative Coins

    People Eating Tasty Animals?
     
  12. crowbaby

    crowbaby Member

    U.S. Cent is made of brass 1944 1982 5% zinc 95% copper. Brass scraps for less than copper. $2 = 1pound of brass about $3 in scrap.
     
  13. justafarmer

    justafarmer Senior Member

    I think you missed the point. Bring it to one of my scrap yards - sure maybe I'll buy it. Pennies on the dollar. It is no longer in a recognizable form such as tubing or wiring. It is now a big homemade blob - I don't know what the purity is. I don't know if a giant blob of lead or sand or iron or etc rest in its core. Material in such a form will be met with great skepticism and priced accordingly.
     
  14. VNeal

    VNeal Member

    Nothing go ahead
     
  15. zach67005

    zach67005 Active Member

    What? This thread was getting too serious.;)
     
  16. tristen1230

    tristen1230 New Member

    I love the name Big Brother. They must stand up for you when you are accused of something. O wait NOT! XD I don't think it is in Canada so...!!!!!
     
  17. gboulton

    gboulton 7070 56.98 pct complete

    If you believe all of them do, every time, I have a bridge I think you might be interested in. :)
     
  18. That means you talked to it first. I knew those classic commemoratives were toxic. :D. TC
     
  19. fatima

    fatima Junior Member

    If you are planning to take the copper to the junkyard, then there is no need to melt the pennies. Just dump them in a bucket and haul them down there. You might get more money that way. IMO, however, its a heck of a lot of work for a few dollars.

    I did notice one thing today. I'm pulling some ethernet cable in my house and while I was at the Home Despot, a couple of electricians were looking at the cost of romex (copper electrical cable) and were shocked at how much that it was going up in price. I did notice that all the spools of of 6 AWG bare copper wire was gone. I should have picked up a spool of it a few months ago.

    On the plus side, they still had 100W incandescent light bulbs.
     
  20. rodeoclown

    rodeoclown Dodging Bulls

    How about just being a good law abiding citizen and simply not melt them? I'm willing to bet more than half of the citizens don't realize you can't melt coinage to make money off the metal content and you apparently know the law, so be a good person and just obey it I say.
     
  21. Silvertip1958

    Silvertip1958 Member

    Isn't the US mint the only business run by the government that actually makes money? I had a friend whose silver dollars melted into a blob in a house fire. Burn you house down and leave your pennies in there.
     
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