..Value of "Money" !!!

[dee1949]

...if you saved your pennies (pre 1982) you would have doubled you $$$$$.

http://www.coinflation.com/

...this is here from my thread on filling speaker stands with pennies. I must have a hundred pounds scattered around.

[Polkersince85]

I save 100 dollars bills, they add up faster.

[seeclear]

But they aren't as good as pennies in your speaker stands! ;)

[madmax]

I have a whole jar of the "one cent" pennies. Last night I found a handfull of some 1902 pennies while cleaning out one of my moving boxes.

[concealer404]

Wouldn't one have to melt them down first? I don't think scrap yards will take coins.

But if they do, i'm off to start collecting pennies!

[bobman1235]

Wouldn't one have to melt them down first? I don't think scrap yards will take coins.

Not only that, but it's illegal to do so.

[concealer404]

Not only that, but it's illegal to do so.

So that confirms my confusion with the use of the website in general, then...

[Jstas]

What's the point? Even if it was solid copper, it's still not worth much more than it is scrap. Main reason is, if you melt them down to ingots, you don't have an outlet because nobody who is looking for raw copper is going to buy from you because you don't have the facilities to guarantee your purity rates. All you have available to you is a scrapper and he's not going to give you full market value 'cause he's gotta eat too. That is if you can get him to take your wad of melted pennies 'cause he could be in a world of hurt himself for receiving such defaced currency.

So even if you get 100 pennies, melt them down and get the copper out of them, a scrapper might give you 75 cents for your dollar to dollar and a quarter worth of penny copper. If he takes it at all.

To make it worthwhile, you would have to go around to every convenience store and rip off the take-a-penny tray, every charity box and so on and you still won't have enough to cover your bail.

Save your change and take it to the bank. It's money and doing anything other than buying goods or services, investing it or saving it is throwing it away. I know I don't make a habit of throwing my money away.

[dee1949]

...the post was just for a "FUN" fact....not to be taken seriously.