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<p>[QUOTE=&quot;cladking, post: 1334974, member: 68&quot;]It&#039;s pretty hard for me to believe they actually get very many.&nbsp; The mint does buy them at full value by weight but they have to be delivered in New York, I believe.&nbsp; The shipping costs on pennies far outweigh their value especially since they are counted as being all copper.&nbsp; The cost of segregating nickels is pretty high so they buy a lot of mixed clad and cu/ni at a reduced price.&nbsp; Somebody is always out the cost of shipping so I suspect it&#039;s primarily the counting houses that redeem coin and they all have their equipment set on passing almost anything that&#039;s the right general size and shape.&nbsp; This way they don&#039;t take the loss of shipping it.&nbsp; A lot of redeemed coins come from muninciple incinerators which have no real overhead cost and the coins are pure profit.&nbsp; I see a lot of horrible culls that have obviously had a lot of circulation.&nbsp; There are bent coins with a lot of wear on the parts that project upward from the surface.&nbsp; The most common are corroded coins or acid treated.&nbsp; </p><p><br /></p><p>It does seem there has been some general improvement in the coinage in the last three or four years but the number of numismatic culls is continuing to increase.&nbsp; These are things that don&#039;t impede the ability to go through counters but make the coin too ugly to be collectible.&nbsp; Mostly it&#039;s scratches and gouges but also there are heavy marks or spot corrosion.&nbsp; </p><p><br /></p><p>Clad was designed specifically to make a good alloy when melted to turn into nickels.&nbsp; It&#039;s mixed about 50: 50 with nickel to make 5c pieces.&nbsp; While very large percentages of the clad coinage is gone forever very little of it percentagewise has been melted by the mint.&nbsp; I&#039;ve never seen a number for it and have tried.&nbsp; My understanding is most of the coin they get is just in horrible shape like it came out of an incinerator or Niagra Falls.&nbsp; I will ask my local bank the next time I&#039;m in. If there&#039;s anything I&#039;ll post it.[/QUOTE]</p><p><br /></p>

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