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Old 11-03-2010, 09:35 PM   #1
Dreamweaver
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Default Should We Be Buying Nickels
Just asking. Melt value of nickels is 127% higher than it's face value.
http://coinflation.com/
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Old 11-03-2010, 10:14 PM   #2
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It is a federal offense to destroy U.S. currency. Also, that would have to be done on a huge scale to yield rewards large enough to make it worthwhile.
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Old 11-04-2010, 05:15 PM   #3
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What's the material value of a penny these day?
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Old 11-04-2010, 05:22 PM   #4
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Pennies are made of zinc. I know for a fact that if you melt a 1909-1982 penny down (which is made of 95% copper) it is worth precisely $.0144061. For a melted 1982-2009 penny(made of 97.5% zinc) it is worth precisely $0.0039927. So early pennies are worth more than their currency value when melted but not late pennies.
http://answers.yahoo.com/question/in...1201509AAIGwqX
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