4 ms·
Only pennies before 1982 are worth scrapping as they are made of copper. The newer pennies are not really worth the effort as they are mostly zinc. Ironically
by puppycodes 11mo ago
Only pennies before 1982 are worth scrapping as they are made of copper.
The newer pennies are not really worth the effort as they are mostly zinc.
Ironically if they are no longer illegal to melt down (IANAL but I would think this is true?) they actually would be more worth it to scrap because of the negated risk.
- sdenton4 11mo agoWe can turn them into suntan lotion!
- puppycodes 11mo agohahah ok actually I love that. I think however the problem would be the trouble in seperating the zinc from the copper, I think you would likely operate at a loss still but this is just a guess.
- GrifMD 11mo agoIt's called Coppertone for a reason
- dehrmann 11mo ago> The newer pennies are not really worth the effort as they are mostly zinc. They're still worth $1 per lb., and you have to destroy them, anyway.
- puppycodes 11mo agoIt's their mix with copper I beleive that makes them less valuable than their raw value in zinc if thats what your number is based on... because the cost of seperation from the copper is greater than simply sourcing other materials.
- Laremere 11mo agoNo law in relation to pennies has changed. The executive branch has simply took the law stating the mint should create as many pennies as necessary, and decided that the necessary amount is 0. The practicalities of their illegality then comes down to enforcement. Given the current executive branch's behavior related to enforcement of laws, that can mean anything from "melt them all down", to "don't do it", to "if our friends start doing it, it'll be legal, if our enemies start doing it, we'll enforce".