Nickelmeister wrote:I don't believe that we will be able to melt them. The penny is being discontinued, but not demonitized. Unless you are licensed by the RCM, you cannot deface (melt) pre-67 80% silver coins even though they've been out of circulation for over 40 years.
jasmatk wrote:melt,melt,melt thats all I hear,I believe this for both us and canadian cents they will be traded at a times fv just like 90% coins. why melt them when they are allready a minted coin of known purity and value.
highroller4321 wrote:jasmatk wrote:melt,melt,melt thats all I hear,I believe this for both us and canadian cents they will be traded at a times fv just like 90% coins. why melt them when they are allready a minted coin of known purity and value.
The weight to value ratio is to large for them to trade on an average basis for regular joes. There may by brokerage type places like you can trade them at though.
highroller4321 wrote:From what I know of CN pennies only the king's have any value over melt. (talking regular circulated coin)
exbingoaddict wrote:Does that apply to just King George V (1911 - 1936) Or does it also include King Geroge VI (1937 - 1952)?
Geroge VI seems pretty common in my searching.
jasmatk wrote:highroller4321 wrote:jasmatk wrote:melt,melt,melt thats all I hear,I believe this for both us and canadian cents they will be traded at a times fv just like 90% coins. why melt them when they are allready a minted coin of known purity and value.
The weight to value ratio is to large for them to trade on an average basis for regular joes. There may by brokerage type places like you can trade them at though.
yes that is a good point,not everyone has room for a couple tons of pennies.
jacer333 wrote:So what are we thinking here for a "x face" value on copper canucks? 1.6-1.7? Or does it jump higher?
exbingoaddict wrote:highroller4321 wrote:From what I know of CN pennies only the king's have any value over melt. (talking regular circulated coin)
Does that apply to just King George V (1911 - 1936) Or does it also include King Geroge VI (1937 - 1952)?
Geroge VI seems pretty common in my searching.
jacer333 wrote:Interesting...so you say the market is around 1.9x right now?
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