No, not a dryer or machine…more like dropped in a parking lot and run over a multitude of times…imo…Spark
Looks like what we used to do to pennies when I was a kid. Post 81'. Waiting for the school bus to come and pick us up, we used to take pennies, place them on the ground, step on them and drag them several in inches over the cement. It was like a magic trick, make them turn "silver". Of course we didn't exactly know why some would be a dud. The duds were the ones pre-82'. Who knows though, we may have had an 82' D that turned out to look like this one as well. A dud. It looks like this is what exactly happened to this penny too.
Not worth 3 cents in copper either as that price is for Grade A 100% copper, which US copper cents coins are not. They are an alloy and if you were allowed to melt coins the most you would get is 25% of the grade A price from the smelter. These people who are saving copper coins are in for a rude awakening. The cost of storage and inventory, and then when the day comes they will not even break even, besides the longer you hold cash reserves the less and less your money is worth due to inflation. Of course I am not talking about just 1 cent, but people have thousands of dollars in copper pennies laying around in barrels thinking they are going to make money off of melting them one day. It is true that some people sell them on EBay at a premium, but that's just a pyramid scheme where you have to find someone else willing to pay more than face and shipping.
I wonder whatever happened to these million copper cents. Family finds 1 million copper pennies while cleaning out Los Angeles home https://ktla.com/news/california/fa...-pennies-while-cleaning-out-los-angeles-home/ "Fritz, a well-known butcher who worked in Hollywood for years, would take his paychecks to the bank and purchase copper pennies, knowing their value would only go up in time." I wonder if people like this realize that it's illegal to melt them.
No, if only melted, not re-smelted, the metal retains the properties of the alloy. Case in point: After WW2 it was proven that Switzerland received Nazi gold that was determined came from dental gold from holocaust victims. It still had ratios of impurities indicating dental applications. So, in this case, it shows that Nazi Germany or Switzerland only melted the gold then struck new coins. True story…imo…Spark
Coins on eBay can be a rip off! Calling a no mint coin valuable from a year they didn’t have mints on any of them. A little research goes a long way!
I haven't done the math recently but copper would have to be $6 a pound to break even as approx 150 to the pound and 25% melt value of grade A. But even then you have to store them, you have to deliver them, over time the value diminishes due to inflation. The all time high for copper was: $5.20 in May of this year. Eventually they will let you melt pennies. Was there something recently about the change in the rule for melting nickels?
Looks like snowplow damage - up here in snow country - coins get stuck between the snowblade and the pavement and usually have the coin's one direction scratch being dragged for that moment of snow clearing. I've seen these type of scratches and damage my whole life.
