On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
.. .

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something some
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.

Seriously, if the price of zinc rises to much there will be zinc castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the
wood
work. There is an amazing amount of zinc sitting in peoples' closets and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve

In article ,
says...

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
.. .

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something some
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.

Seriously, if the price of zinc rises to much there will be zinc castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the
wood
work. There is an amazing amount of zinc sitting in peoples' closets and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.


Back when silver prices went through the ceiling didn't they arrest
several people for purchasing/transporting/whatever silver coint for the
purpose of sk\melting them?

Maybe on of the Hunt family?


--
Cheers,

Bruce in Bangkok

On Tue, 19 Aug 2008 14:26:12 -0400, "Wilbur Hubbard"
wrote:


"Capt. JG" wrote in message
reasolutions...
According to the New Scientist magazine, we're going to run out of zinc by
about 2037.

What's the next best sacrificial metal... magnesium? LOL

--
"j" ganz @@
www.sailnow.com


The typical Jon Boy lie. The following is from:
http://www.infiniteinjury.org/blog/2...s-of-scarcity/

"The idea that the Indium on Earth is just going to be used up in 2017,
Terbium in 2012 and Zinc in 2037 is just absurd from both a geological and
economic point of view. As an economic matter the market won't simply let us
keep increasing our consumption until we suddenly run out. Rather, when
demand increases relative to supply the price rises and decreases
consumption. If companies really believed zinc was going to simply run out
in 2037 do you think they would be selling it cheaply enough to make it cost
effective to make pennies with it or use it in many other trivial ways?
There isn't any great crisis ahead, merely a rise in price for these metals
that will cause other metals to be substituted where possible and wasteful
uses to be eliminated (eliminate the damn penny!) while essential uses (LCD
displays, CPUs) continue."

I hope this helps explode the myth.

Wilbur Hubbard

You are quoting a collage kid, for Christ's sake! Try quoting a real
live geologist, or someone else who might know something about the
subject you are talking about. You certainly don't, you simple ****.

"Steve" wrote in message
...

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
. ..

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something some
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.

Seriously, if the price of zinc rises to much there will be zinc
castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the
wood
work. There is an amazing amount of zinc sitting in peoples' closets
and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve


Nope... it's illegal...

http://coins.about.com/b/2006/12/14/...nd-nickels.htm
http://money.cnn.com/2006/12/14/news...ney_topstories


--
"j" ganz @@
www.sailnow.com

On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
.. .

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
...

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something some
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.

Seriously, if the price of zinc rises to much there will be zinc
castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the
wood
work. There is an amazing amount of zinc sitting in peoples' closets
and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve


Nope... it's illegal...

http://coins.about.com/b/2006/12/14/...nd-nickels.htm
http://money.cnn.com/2006/12/14/news...ney_topstories

Nope, legal. At least in the US. Your sources are misinformed.
Believe me, there's a lot of that on the intenet.

http://www.coinflation.com/is_it_ill...elt_coins.html
http://boards.collectors-society.com...te_id/1#import

And directly from the source, ths US Treasury and US Mint:
http://www.ustreas.gov/education/faq...aits.shtml#q13

Quoting from the US Treasury site:

Question: Is it illegal to damage or deface coins?

Answer: Section 331 of Title 18 of the United States code provides
criminal penalties for anyone who “fraudulently alters, defaces,
mutilates impairs, diminishes, falsifies, scales, or lightens any of
the coins coined at the Mints of the United States.” This statute
means that you may be violating the law if you change the appearance
of the coin and fraudulently represent it to be other than the altered
coin that it is. As a matter of policy, the U.S. Mint does not promote
coloring, plating or altering U.S. coinage: however, there are no
sanctions against such activity absent fraudulent intent.

This means that you can melt down all the US coins you want as long as
you don't try and pass off the melted down coin as a different coin.

Steve

On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
.. .

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
...

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something some
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.

Seriously, if the price of zinc rises to much there will be zinc
castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the
wood
work. There is an amazing amount of zinc sitting in peoples' closets
and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve


Nope... it's illegal...

http://coins.about.com/b/2006/12/14/...nd-nickels.htm
http://money.cnn.com/2006/12/14/news...ney_topstories

P.S., I read your source about the new "Rule". Until that's a law,
it's not a law.

Steve

"Steve" wrote in message
...

On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
. ..

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
m...

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something
some
day. :-) Maybe I should pull all that pot metal kitch out of the
yard
sale.

Seriously, if the price of zinc rises to much there will be zinc
castings,
broken souvenir beer mugs and old kitchen utensils appearing out of
the
wood
work. There is an amazing amount of zinc sitting in peoples' closets
and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve


Nope... it's illegal...

http://coins.about.com/b/2006/12/14/...nd-nickels.htm
http://money.cnn.com/2006/12/14/news...ney_topstories

Nope, legal. At least in the US. Your sources are misinformed.
Believe me, there's a lot of that on the intenet.

http://www.coinflation.com/is_it_ill...elt_coins.html
http://boards.collectors-society.com...te_id/1#import

And directly from the source, ths US Treasury and US Mint:
http://www.ustreas.gov/education/faq...aits.shtml#q13

Quoting from the US Treasury site:

Question: Is it illegal to damage or deface coins?

Answer: Section 331 of Title 18 of the United States code provides
criminal penalties for anyone who "fraudulently alters, defaces,
mutilates impairs, diminishes, falsifies, scales, or lightens any of
the coins coined at the Mints of the United States." This statute
means that you may be violating the law if you change the appearance
of the coin and fraudulently represent it to be other than the altered
coin that it is. As a matter of policy, the U.S. Mint does not promote
coloring, plating or altering U.S. coinage: however, there are no
sanctions against such activity absent fraudulent intent.

This means that you can melt down all the US coins you want as long as
you don't try and pass off the melted down coin as a different coin.

Steve


Steve, the rule was implemented. CNN got it right. It's specifically about
melting them down, which was added to the rules, but feel free to hoard
them.



--
"j" ganz @@
www.sailnow.com

"Steve" wrote in message
news

On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
. ..

On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG"
wrote:

"Steve" wrote in message
m...

On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore"
wrote:

I just KNEW my kid's Hot Wheels collection would be worth something
some
day. :-) Maybe I should pull all that pot metal kitch out of the
yard
sale.

Seriously, if the price of zinc rises to much there will be zinc
castings,
broken souvenir beer mugs and old kitchen utensils appearing out of
the
wood
work. There is an amazing amount of zinc sitting in peoples' closets
and
junk boxes.

Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.

For a list of US coin's melt value vs. purchasing power see:

http://www.coinflation.com/

Steve


Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).

It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.

The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.

Steve


Nope... it's illegal...

http://coins.about.com/b/2006/12/14/...nd-nickels.htm
http://money.cnn.com/2006/12/14/news...ney_topstories

P.S., I read your source about the new "Rule". Until that's a law,
it's not a law.

Steve


Here's the link on the Treasury site:

http://www.usmint.gov/pressroom/inde...release&ID=724


--
"j" ganz @@
www.sailnow.com

"Perley" wrote in message
...
On Tue, 19 Aug 2008 14:26:12 -0400, "Wilbur Hubbard"
wrote:


"Capt. JG" wrote in message
areasolutions...
According to the New Scientist magazine, we're going to run out of zinc
by
about 2037.

What's the next best sacrificial metal... magnesium? LOL

--
"j" ganz @@
www.sailnow.com


The typical Jon Boy lie. The following is from:
http://www.infiniteinjury.org/blog/2...s-of-scarcity/

"The idea that the Indium on Earth is just going to be used up in 2017,
Terbium in 2012 and Zinc in 2037 is just absurd from both a geological and
economic point of view. As an economic matter the market won't simply let
us
keep increasing our consumption until we suddenly run out. Rather, when
demand increases relative to supply the price rises and decreases
consumption. If companies really believed zinc was going to simply run out
in 2037 do you think they would be selling it cheaply enough to make it
cost
effective to make pennies with it or use it in many other trivial ways?
There isn't any great crisis ahead, merely a rise in price for these
metals
that will cause other metals to be substituted where possible and wasteful
uses to be eliminated (eliminate the damn penny!) while essential uses
(LCD
displays, CPUs) continue."

I hope this helps explode the myth.

Wilbur Hubbard

You are quoting a collage kid, for Christ's sake! Try quoting a real
live geologist, or someone else who might know something about the
subject you are talking about. You certainly don't, you simple ****.



Duh! Einstein was once a "college kid."

Wilbur Hubbard

On Thu, 21 Aug 2008 12:27:44 -0400, "Wilbur Hubbard"
wrote:


"Perley" wrote in message
.. .
On Tue, 19 Aug 2008 14:26:12 -0400, "Wilbur Hubbard"
wrote:


"Capt. JG" wrote in message
yareasolutions...
According to the New Scientist magazine, we're going to run out of zinc
by
about 2037.

What's the next best sacrificial metal... magnesium? LOL

--
"j" ganz @@
www.sailnow.com


The typical Jon Boy lie. The following is from:
http://www.infiniteinjury.org/blog/2...s-of-scarcity/

"The idea that the Indium on Earth is just going to be used up in 2017,
Terbium in 2012 and Zinc in 2037 is just absurd from both a geological and
economic point of view. As an economic matter the market won't simply let
us
keep increasing our consumption until we suddenly run out. Rather, when
demand increases relative to supply the price rises and decreases
consumption. If companies really believed zinc was going to simply run out
in 2037 do you think they would be selling it cheaply enough to make it
cost
effective to make pennies with it or use it in many other trivial ways?
There isn't any great crisis ahead, merely a rise in price for these
metals
that will cause other metals to be substituted where possible and wasteful
uses to be eliminated (eliminate the damn penny!) while essential uses
(LCD
displays, CPUs) continue."

I hope this helps explode the myth.

Wilbur Hubbard

You are quoting a collage kid, for Christ's sake! Try quoting a real
live geologist, or someone else who might know something about the
subject you are talking about. You certainly don't, you simple ****.



Duh! Einstein was once a "college kid."

Wilbur Hubbard

Yes, and you've always been a ****head. So, who should we listen to?
Einstein or a ****head?