Pennies may turn into Nickels

[Alexis696969]

http://news.yahoo.com/s/nm/20070122/us_nm/usa_pennies_shortage_dc_1

A potential shortage of coins in the United States could mean all those pennies in your piggy bank could be worth five times their current value soon, says an economist at the

 

[Never Compromised]

It is illegal to melt down US coin to extract the metal (which is worth more in the penny and nickle than the face value).

Sure, people should put those coins back in circulation.

 

[Papi Chulo]

It is illegal to melt down US coin to extract the metal (which is worth more in the penny and nickle than the face value).

Sure, people should put those coins back in circulation.

It is not illegal to melt down american coins outside of the usa

 

[papasmerf]

It is not illegal to melt down american coins outside of the usa

you might find it is illegal to export certain US currency

 

[xarir]

Well, the melting point of copper apparently is 1083.0 °C. Aside from the slight difficulty in getting your pennies that hot (unless you have easy access to industrial equipment that is), I'm not acually sure where one could go sell a few kilos of melted pennies. I mean, obviously there's a strong market for copper but where exactly does one go to sell a hunk of copper?

 

[WhaWhaWha]

Refiners and brokers are not hard to find.

 

[The Lurker]

It is illegal to melt down US coin to extract the metal (which is worth more in the penny and nickle than the face value).

Sure, people should put those coins back in circulation.

I think that if you look at the new legislation you will see that defacing money to get the 1.73 cents per penny will get you busted.

Oh well they can't afford to make it or print it or even shall we say earn it???