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If the cooper is worth more than the coin, would melting them down be profitable? In Australia we got rid of our 1c and 2c coins more than 20 years ago.
by aussieguy1234 11mo ago
If the cooper is worth more than the coin, would melting them down be profitable?
In Australia we got rid of our 1c and 2c coins more than 20 years ago.
- DaSHacka 11mo agoIt already was, a long time ago with the copper pennies. Not sure with the modern Zinc ones, however.
- hilbert42 11mo agoThe Imperial Oz penny and halfpenny (currency before 14 February 1966) was always solid copper. Earlier 2/- (two shillings) used to contain silver but that was phased out sometime in the 1950s. If I recall correctly the first (the round) 50c also contained some silver whereas the current dodecagon one is mostly nickel (correct me if I'm wrong).
- hilbert42 11mo ago"In Australia we got rid of our 1c and 2c coins more than 20 years ago." Their disappearance was a damn nuisance for some. We used to drill a small hole in the centre of them and solder them onto semiconductor diode leads as heatsinks. At 1 and 2 cents each they were much cheaper than their commercial counterparts. Unlike the US cent both Oz coins were solid copper.