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Rising zinc price to doom the penny?
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<p>[QUOTE="-jeffB, post: 2484603, member: 27832"]It was above that price for two months in November and December 2006. We can quibble about the meaning or duration of "stays", but IMO the combination of <i>illegality</i> and <i>impracticality</i> will keep people from melting cents until zinc goes much higher than that.</p><p><br /></p><p>Impracticality: Go from bank to bank until you've got $150 worth of cents. (Remember, if "everyone with an iron pot and propane burner" can profit, they'll be hard to get!) Burn through enough propane to melt that 100 pounds of metal. Strain and pour it without injuring yourself. Find someone willing to assay the resulting pigs and pay you actual market value, minus whatever discount they maintain to guarantee some profit for themselves. Congratulations; you've earned several tens of dollars.</p><p><br /></p><p>Then again, I've seen videos of people buying sand from big-box retailers to pan it for gold, so I'm sure <i>some</i> people will do this. It just won't be very sensible.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2484603, member: 27832"]It was above that price for two months in November and December 2006. We can quibble about the meaning or duration of "stays", but IMO the combination of [I]illegality[/I] and [I]impracticality[/I] will keep people from melting cents until zinc goes much higher than that. Impracticality: Go from bank to bank until you've got $150 worth of cents. (Remember, if "everyone with an iron pot and propane burner" can profit, they'll be hard to get!) Burn through enough propane to melt that 100 pounds of metal. Strain and pour it without injuring yourself. Find someone willing to assay the resulting pigs and pay you actual market value, minus whatever discount they maintain to guarantee some profit for themselves. Congratulations; you've earned several tens of dollars. Then again, I've seen videos of people buying sand from big-box retailers to pan it for gold, so I'm sure [I]some[/I] people will do this. It just won't be very sensible.[/QUOTE]
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