# Penny and Nickel worth less than the metal they are made from **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [December 28, 2006, 1:47pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245 "2006-12-28T13:47:22Z")\ **Posts on this page:** 17\ **Page:** 1
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 28, 2006, 1:47pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/1 "2006-12-28T13:47:22Z")
They even had to pass a law saying it was illegal to melt them down for the metal content. [http://www.rockymountainnews.com/drmn/other\_business/article/0,2777,DRMN\_23916\_5241071,00.html](http://www.rockymountainnews.com/drmn/other_business/article/0,2777,DRMN_23916_5241071,00.html) A penny is actually worth 2.13 cents if made before 1982, and 1.12 cents if it’s a modern penny. It costs the government 1.73 cents to make a modern penny. A nickel has 6.99 cents worth of metal, and costs 8.34 cents to make. So if you’ve got one of those 6 foot piggy banks at home full of pennies and nickels, you’re better off melting it down and selling it as a brick than taking it to the bank (assuming you don’t get caught). ---
**Author:** ![micah](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/micah/32/7257_2.png) [@micah](https://forums.speedlife.net/u/micah)\ **Post date:** [December 28, 2006, 2:08pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/2 "2006-12-28T14:08:05Z")
lol how dumb ---
**Author:** ![turbociv](https://avatars.discourse-cdn.com/v4/letter/t/dfb087/32.png) [@turbociv](https://forums.speedlife.net/u/turbociv)\ **Post date:** [December 28, 2006, 2:11pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/3 "2006-12-28T14:11:49Z")
melting coins as i type. ---
**Author:** ![redrum](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redrum/32/7398_2.png) [@redrum](https://forums.speedlife.net/u/redrum)\ **Post date:** [December 28, 2006, 2:36pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/4 "2006-12-28T14:36:01Z")
lol ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 28, 2006, 2:37pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/5 "2006-12-28T14:37:24Z")
wow ---
**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\ **Post date:** [December 28, 2006, 3:25pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/6 "2006-12-28T15:25:19Z")
Not suprised…the price of metal has been going up. I know the price of ammunition went up 12% in october and is suppose to go up again soon. ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [December 28, 2006, 3:41pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/7 "2006-12-28T15:41:54Z")
actually the federal mint has made it illegal to melt down currency…enjoy the jail time! ---
**Author:** ![AngryHero](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/angryhero/32/7495_2.png) [@AngryHero](https://forums.speedlife.net/u/AngryHero)\ **Post date:** [December 28, 2006, 4:03pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/8 "2006-12-28T16:03:55Z")
> [@OfficerK](#): > > actually the federal mint has made it illegal to melt down currency…enjoy the jail time! dont get caught ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 28, 2006, 4:43pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/9 "2006-12-28T16:43:23Z")
Unless you get free energy like or gas or electric, it would cost muuuuuch more to melt it than it is worth. ---
**Author:** ![91CRXSI](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91crxsi/32/7247_2.png) [@91CRXSI](https://forums.speedlife.net/u/91CRXSI)\ **Post date:** [December 28, 2006, 8:32pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/10 "2006-12-28T20:32:08Z")
whats canadian money worth in its weight??? cuz if i could spend $100 and get about 1200 canadian pennies that are worth the same 1.12 cents as an american penny and melt that down ( not illegal being non american currency) you could hypotheticaly make around $134.40… and a wopping $34.40 profit on every 100 not a bad investment actually ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [December 28, 2006, 9:05pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/11 "2006-12-28T21:05:40Z")
> [@AWDrifter](#): > > Unless you get free energy like or gas or electric, it would cost muuuuuch more to melt it than it is worth. :word: But thats just rational thinking :doh: ---
**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\ **Post date:** [December 28, 2006, 9:11pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/12 "2006-12-28T21:11:56Z")
> [@Nikuk](#): > > :word: But thats just rational thinking :doh: Ahem, there will be none of that here on this forum. ---
**Author:** ![jeeves744](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeeves744/32/7619_2.png) [@jeeves744](https://forums.speedlife.net/u/jeeves744)\ **Post date:** [December 28, 2006, 9:15pm UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/13 "2006-12-28T21:15:23Z")
> [@91CRXSI](#): > > whats canadian money worth in its weight??? > > cuz if i could spend $100 and get about 1200 canadian pennies that are worth the same 1.12 cents as an american penny and melt that down ( not illegal being non american currency) you could hypotheticaly make around $134.40… and a wopping $34.40 profit on every 100 > > not a bad investment actually execpt like what AWDrifter said and you take into account the money you will spend on energy to get it hot enough to melt. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [December 29, 2006, 5:59am UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/14 "2006-12-29T05:59:43Z")
Well, as long as we’re breaking the law, just run an extension cord over to your neighbors house and do it in the middle of the night. Probably work for a month or so until they got their first electric bill for $20000. ---
**Author:** ![ryanmcell](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ryanmcell/32/7510_2.png) [@ryanmcell](https://forums.speedlife.net/u/ryanmcell)\ **Post date:** [December 29, 2006, 6:06am UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/15 "2006-12-29T06:06:21Z")
> [@JayS](#): > > Well, as long as we’re breaking the law, just run an extension cord over to your neighbors house and do it in the middle of the night. Probably work for a month or so until they got their first electric bill for $20000. Perfect idea. I always had the idea of going to Canada and converting my money (back when the rate was $1 US to $1.57 CND) to all quarters and then coming back to the US (since the US accepts Canadian quarters as the same as US) and switching em out for $$$. That way for every US dollar of quarters I’d get a return of 50 cents. It was flawless (theoretically if I did it in low enough amounts mixed with US to not get converted over), but now the rates what $1 US - $1.10 CND? ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [December 29, 2006, 7:43am UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/16 "2006-12-29T07:43:31Z")
> [@ryanmcell](#): > > Perfect idea. > > I always had the idea of going to Canada and converting my money (back when the rate was $1 US to $1.57 CND) to all quarters and then coming back to the US (since the US accepts Canadian quarters as the same as US) and switching em out for $$$. > > That way for every US dollar of quarters I’d get a return of 50 cents. It was flawless (theoretically if I did it in low enough amounts mixed with US to not get converted over), but now the rates what $1 US - $1.10 CND? LOL u have no idea how long my buddy did this for,but many years!He would just put the canadian in a machine that took them then hit return and get american ones back.Figure there was about 20-30 V machines at GM at the time.I guess it was good for an extra hundred amonth,but pretty damn cheap. D ---
**Author:** ![redrum](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redrum/32/7398_2.png) [@redrum](https://forums.speedlife.net/u/redrum)\ **Post date:** [December 29, 2006, 10:02am UTC](https://forums.speedlife.net/t/penny-and-nickel-worth-less-than-the-metal-they-are-made-from/22245/17 "2006-12-29T10:02:07Z")
lol i always saved my canadian quarters for the toll booths.