|
out of zinc
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 |
out of zinc
I have been reading that more boaters are turning to aluminum anodes. While
more noble than zinc, they are still far more reactive than steel or bronze. I must admit though, I have not had the nerve to try them yet on my Nic 35 Dennis SV Dark Lady CN35-207 "Capt. JG" wrote in message easolutions... 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 |
out of zinc
"Dennis Gibbons" wrote in message
... I have been reading that more boaters are turning to aluminum anodes. While more noble than zinc, they are still far more reactive than steel or bronze. I must admit though, I have not had the nerve to try them yet on my Nic 35 Dennis SV Dark Lady CN35-207 "Capt. JG" wrote in message easolutions... 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 I wonder what people with aluminum boat will do? -- "j" ganz @@ www.sailnow.com |
out of zinc NOT
"Capt. JG" wrote in message easolutions... 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 |
out of zinc
On Tue, 19 Aug 2008 09:45:36 -0700, "Capt. JG"
wrote: 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 After we've sacrificed all the zincs will we have to switch back to virgins? Seems like a waste. |
out of zinc
"Wayne.B" wrote in message
... On Tue, 19 Aug 2008 09:45:36 -0700, "Capt. JG" wrote: 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 After we've sacrificed all the zincs will we have to switch back to virgins? Seems like a waste. Arrrrrggggg.... -- "j" ganz @@ www.sailnow.com |
out of zinc
"Dave" wrote in message
... On Tue, 19 Aug 2008 09:45:36 -0700, "Capt. JG" said: According to the New Scientist magazine, we're going to run out of zinc by about 2037. Is that the same crew that said the world would run out of oil by 2010? Don't know... did someone say that? Do you think it'll happen? -- "j" ganz @@ www.sailnow.com |
out of zinc
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. -- Glenn Ashmore I'm building a 45' cutter in strip/composite. Watch my progress (or lack there of) at: http://www.rutuonline.com Shameless Commercial Division: http://www.spade-anchor-us.com "Capt. JG" wrote in message easolutions... 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 |
out of zinc
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 |
out of zinc
"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). -- "j" ganz @@ www.sailnow.com |
out of zinc
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 |
out of zinc NOT
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 ****. |
out of zinc
"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 |
out of zinc
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 |
out of zinc
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 |
out of zinc
"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 |
out of zinc
"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 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 |
out of zinc NOT
"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 |
out of zinc NOT
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? |
out of zinc
On Thu, 21 Aug 2008 08:03:10 -0700, "Capt. JG" wrote: "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 om... 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 As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. I've done a search of the US code and have not found anything that says you can't melt down pennies for the zinc content. You'd think it would be there by now, being almost 2 years old. But as far as I can see, it's not. I'm not going to bother searching all the individual State codes because you'd think something like this would be in the US code if it was anywhere since minting coins is a federal function. If you can point me to such a law in the US code, I would greatly appreciate it. Steve |
out of zinc
On Thu, 21 Aug 2008 07:54:56 -0700, "Capt. JG" wrote: "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 om... 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. Please point me to the law in the US code that says I can't melt down pennies for the zinc. I seriously would appreciate it since I've tried but can't find it. Steve |
out of zinc
On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve |
out of zinc
"Steve" wrote in message
... On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. -- "j" ganz @@ www.sailnow.com |
out of zinc
On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" wrote: "Steve" wrote in message .. . On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. Exactly! That's what I've been saying all along. Steve2 |
out of zinc
"Steve" wrote in message
... On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" wrote: "Steve" wrote in message . .. On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. Exactly! That's what I've been saying all along. Steve2 Two different issues.... they're covered by different rules, so it's not what you've been saying all along. -- "j" ganz @@ www.sailnow.com |
out of zinc
On Fri, 22 Aug 2008 23:16:27 -0700, "Capt. JG" wrote: "Steve" wrote in message .. . On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" wrote: "Steve" wrote in message ... On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. Exactly! That's what I've been saying all along. Steve2 Two different issues.... they're covered by different rules, so it's not what you've been saying all along. Well then we're back to square 1. I'd like to see where it's illegal to non-fraudulently deface, mutilate, etc., a penny in the CFR or the USC. Hell, if you're saying it's legal to squash a penny but illegal to melt it, then all you have to do is squash them first. Tnen it's no longer a penny so it's now legal to melt it. Steve |
out of zinc
"Steve" wrote in message
... On Fri, 22 Aug 2008 23:16:27 -0700, "Capt. JG" wrote: "Steve" wrote in message . .. On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" wrote: "Steve" wrote in message m... On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. Exactly! That's what I've been saying all along. Steve2 Two different issues.... they're covered by different rules, so it's not what you've been saying all along. Well then we're back to square 1. I'd like to see where it's illegal to non-fraudulently deface, mutilate, etc., a penny in the CFR or the USC. Hell, if you're saying it's legal to squash a penny but illegal to melt it, then all you have to do is squash them first. Tnen it's no longer a penny so it's now legal to melt it. Steve Well, I think I'm done with this thread. I pointed you to the link regarding melting and Dave pointed out how things are done. If you think you can deface them first, then melt them down, and do it legally, go for it. This discussion has become boring. Sorry. -- "j" ganz @@ www.sailnow.com |
out of zinc
"Steve" wrote in message ... On Fri, 22 Aug 2008 23:16:27 -0700, "Capt. JG" wrote: "Steve" wrote in message . .. On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" wrote: "Steve" wrote in message m... On 22 Aug 2008 09:27:01 -0500, Dave wrote: On Fri, 22 Aug 2008 06:36:25 GMT, Steve said: As I said before, I saw that press release. It's almost 2 years old. The US Mint can make all the "rules" it wants. But until the rule gets into the US code, it's unenforcable in US court. Sorry, but that's simply wrong. There are circumstances where regulations are invalid--typically where a court finds they exceed the authority granted the agency by statute, but that's not the usual case. Just ask the execs of any number of banks that have been penalized recently for violation regulations under the Bank Secrecy Act. Ah yes, you're right. So I started searching Title 31 (money and finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't available yet) and couldn't find anything relavent. Since the rule is from 2006, it should be there. I'd love to find this rule somewhere because that would make all those souvenir coin press machines illegal. Steve No it wouldn't. It's only illegal if you're intending to defraud by altering the coin. Exactly! That's what I've been saying all along. Steve2 Two different issues.... they're covered by different rules, so it's not what you've been saying all along. It's the drugs. Well then we're back to square 1. I'd like to see where it's illegal to non-fraudulently deface, mutilate, etc., a penny in the CFR or the USC. Hell, if you're saying it's legal to squash a penny but illegal to melt it, then all you have to do is squash them first. Tnen it's no longer a penny so it's now legal to melt it. Pay no attention to the self confessed druggie. He's having flash-backs. |
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