I have a bunch of pre-1982 pennies that are about 95% copper. I was wondering where can I go to get the metal melted to get the metal value.
A.) that's usually unlawful to deface money. Does that propose you will ever be prosecuted for putting substitute on the railroad song? probable not :) B.) nonetheless, money gets injury (the two willfully or by probability). the clarification that's against the regulation is that it provides the treasury a skewed view of ways a lot distant places money is on the marketplace. So, based upon traits and records, they print greater money. in the event that they guess badly, liberating added new money will deflate the distant places money, for this reason making all products in the U. S. enhance in fee. The treasury DOES have the means to break money and replace it with new distant places money, which they often do (that's why Banks have greater new money than all people else - in case you ever rip a dollar in 2, or something like that, your financial organization could have the means to replace it for a clean, new one.
Ask your local tire man. They will laugh you out of the shop.
Good luck finding a place. Currently, it's against the law to melt down or export cents (or nickels) for their metal content. Besides, you'll generally get more if you sell them as scrap in coin form anyway. Why? As cents, they have a known composition (and therefore, a known value per coin). If you get them melted down into a bar, and then try to sell it, the buyer isn't going to know the composition (which means they, or you, have to have the bar assayed), and they're going to pay less than spot on the chance that the bar isn't, in fact, 95% copper as you claim.
