Go Back   This Blue Marble, a Global Current Events Discussion Forum > Main Floor > Economy
Reload this Page Should We Be Buying Nickels
Register Blogs Breaking News Library Live Posts Search Today's Posts Mark Forums Read

Economy Economy discussion forum. Discuss the politics and effects of the general economy and global economic collapse here. Please keep all politics out of the Finance and Investment subforum.

Reply
 
Thread Tools Search this Thread Display Modes
Old 11-03-2010, 09:35 PM   #1
Dreamweaver
Senior Level 2
 
Dreamweaver's Avatar
 
Join Date: Aug 2008
Location: North TX
Posts: 2,100
Thanks: 7
Thanked 197 Times in 105 Posts
Default Should We Be Buying Nickels
Just asking. Melt value of nickels is 127% higher than it's face value.
http://coinflation.com/
__________________
Socialism is the art of creating addiction, then living off the misery of it. Communism is the gang affiliation to spread it. Leftism is the art of watching you die from it and telling you it’s utopia.
Dreamweaver is offline   Reply With Quote
Old 11-03-2010, 10:14 PM   #2
Ought Six
Dismember
 
Ought Six's Avatar
 
Join Date: Oct 2008
Posts: 35,164
Blog Entries: 15
Thanks: 172
Thanked 389 Times in 325 Posts
Arrow
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.
__________________
* I have the right to live, thus I have the right to defend my life from attackers who would take it from me.
* I have the right to my private property, thus I have the right to defend my property from thieves who would take it from me.
* I have the right to self-determination, thus I have the right to defend my liberty from tyrants who would take it from me.
* The only usable tools for these tasks are guns, and thus I have the right to shoot anyone who would take my guns from me.
Ought Six is offline   Reply With Quote
Old 11-04-2010, 05:15 PM   #3
Brihard
Non-Electric Pop Up Target
 
Join Date: Aug 2008
Location: Canada
Posts: 3,487
Thanks: 19
Thanked 137 Times in 89 Posts
What's the material value of a penny these day?
__________________
The nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools.

-Thucydides
Brihard is offline   Reply With Quote
Old 11-04-2010, 05:22 PM   #4
Mousehound
Senior Level 5
 
Mousehound's Avatar
 
Join Date: Aug 2008
Location: Germany
Posts: 7,295
Thanks: 676
Thanked 364 Times in 270 Posts
Quote:
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
__________________
There are always dozens of reasons why something "can't" be done. That's no excuse in my book. If you want it bad enough, you find a way. That's how life works for grown ups. -- Booger

Don't be afraid to be open-minded. Your brain won't fall out.
Mousehound is offline   Reply With Quote
Reply

Tags
buying, nickels

« Previous Thread | Next Thread »
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 03:29 AM.
FAQ/AUP - Contact Us - Forum Home - Archive - Top

Powered by vBulletin®
Copyright © Jelsoft Enterprises Ltd.