If it's something you enjoy then it's definitely worth it. Like you said Dev its more productive than watching the boob tube. You're an exceptional young man, and you will go far with the attitude you have.
If it's something you enjoy then it's definitely worth it. Like you said Dev its more productive than watching the boob tube. You're an exceptional young man, and you will go far with the attitude you have.
I have gone through 10s of thousands of dollars in pennies. I love doing and make more money with collectible ones as well. Also the money is not wasted and tied up it is no different than an investment in your retirement portfolio. You plan on touching it in 20-30 years. But what you are saying Focker is that you should liquefy your entire retirement portfolio and reinvest it in your business. If this is what you consider the best and safest choice go for it but I believe your opinion is flawed.
A lot of people need to think outside the box when it comes to cashing in with their copper penny stash... If you are allowed to use a machine that squishes pennies and sell them for 50x its value you can also come up with ways of cashing in without waiting 20 years for the gov't says its ok to melt pennys now.
You find a squisher that can handle the job in bulk and stick a design on it i'm pretty sure your copper penny now becomes legal to melt. So many other loopholes i can think of but this one is my favorite. I problem is finding or developing that machine....
I don't know if I missed this, BUT, is it legal in the US to melt Canadian pennies for their copper?
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Presumably the Canadian government could find, and want to extradite you; charge you with a crime. That is highly unlikely as the cost will not outweigh the crime. Maybe if you melter several million dollars of them they would be inclined too.
It is not a crime to melt Canadian coins in the US.
Eric
I buy Tantalum Capacitors and offer other services. Check out my thread for more info.
http://www.scrapmetalforum.com/scrap...-cap-more.html
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Just today I received two Canadian pennies as change. It's getting harder to get get the American 1982 or earlier dated copper pennies. So I was jazzed two get a 1971 and a 2001 Canadian Pennies as change here in California. The 1971 is .98 copper and the 2001 is copper plated zinc. 2001 is the last year Canada pennies had copper plated zinc. Some that year are also copper plated steel, they will have a "P" on them, but a magnet will let you know quicker. My oldest Canadian penny is a 1912 bronze penny, weighing over 5.67 grams, a big penny. No I didn't find that one in my change, it was a gift from a Vancouver friend.
Different subject sorta :
I was at the bank and saw in the plastic quarter holder (that tellers give change from)
3 silver quarters . I asked if I could get them . The teller looked a bit close and said Nope there the old ones.
so yeah bank tellers cherry pick .
But if you think about it, I am a customer and probably was entitled to it
more then them as the customer is always right - they say .
After all if your gonna cherry pick then do it .
Don't leave it in full sight in the working change area only
to deny a customer is the way I see it.
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