Petty annoyances

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Jennifer
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Re: Petty annoyances

Post by Jennifer » 18 Aug 2017, 22:10

dead_elvis wrote:
18 Aug 2017, 19:39
Jennifer wrote:
18 Aug 2017, 18:09


I know that any 1981 or earlier penny I come across is immediately removed from circulation -- no, I don't sell it to a scrap-metal dealer, but I stick it in a coffee can, betting on the possibility that during my lifetime, the ban on melting copper Lincoln pennies will be lifted.
What would prevent you from melting them yourself? If you showed up with copper, how does anyone know it came from pennies, and not, say, from scrap wire or pipes?
Presumably, from the exact composition of the metal? "Penny copper" is no doubt distinct from copper wire or whatever.

Realistically, if I were a scrap metal dealer who already had the equipment, I likely wouldn't be above tossing some pennies in with the other bits of scrap copper, but I wouldn't risk buying bulk pennies to melt them down, lest the penny-seller prove to be an undercover agent. Nor would I want to melt down a pile of nothing but pennies, just in case.

That said: I know I'm far from the only person pulling copper pennies out of circulation; the face value of mine are likely in the $100 range by now. Where the total spendable currency circulating in the US is concerned, those pennies are just as gone as if I had melted them down. Congress really ought to just go ahead and make it legal to melt down US coins if you wish; the reason they won't is because, per what Warren said upthread, the no-melting law was passed only a few years ago, during a time when nickel (the metal) prices were so high, a single five-cent piece contained something like 7.5 cents worth of metal; if melting coins had been legal, it no-shit would've been worth your while --especially for a scrap-metal dealer -- to buy $100 worth of nickel rolls from the bank, then melt them down and end up with $125 worth of metal. But prices did eventually go down; according to Coinflation.com just now, the current melt value of a nickel is "only" 3.7 cents.

I know that the US Mint, several times, has requested permission to make five-cent pieces out of a cheaper metal than nickel, but Congress keeps shooting them down.
"Myself, despite what they say about libertarians, I think we're actually allowed to pursue options beyond futility or sucking the dicks of the powerful." -- Eric the .5b

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Aresen
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Re: Petty annoyances

Post by Aresen » 18 Aug 2017, 22:15

With regard to pennies, I suspect the cost of the energy to melt them is greater than the difference between the metal value and the face value.
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Taktix®
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Re: Petty annoyances

Post by Taktix® » 18 Aug 2017, 23:28

Warren wrote:
18 Aug 2017, 19:18
The US nickle has a melt value above five cents too.
So would going to the Nickel Standard end inflation?

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Jennifer
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Re: Petty annoyances

Post by Jennifer » 19 Aug 2017, 18:00

I have HAD IT with these motherfucking fruit flies in my motherfucking house! They're not just in the kitchen and the bathroom we use the most (i.e., the one where there's always a bit of water to be found in the sink drain) -- I am typing this in my office-room, which contains not a single drop of water (outside of the standard ice-bottle I'm drinking from) nor a molecule of food, and I nearly had one of those damn things fly into my eye just now.

Since moving here, it is the first time in my adult life I have been scrupulous to the point of obsessive about kitchen-cleanliness matters: there is NEVER a dirty dish to be found in the kitchen sink, except for the brief periods of time between "finished cooking a meal" and "finished eating, now ready to clean up afterwards"; there is NEVER any "food garbage" in the house, because anything ranging from "an empty can that once held food" to "the disposable paper filter filled with damp coffee grounds" is immediately taken outside and put in the apartment complex's big dumpster (as opposed to having to "hoard" garbage until garbage-pickup day) ... still, fucking fruit flies.

I suppose I'll have to make and set up yet ANOTHER cider-vinegar-and-soap fruit-fly trap, even though the place already looks like we belong to some weird religious cult, cluttering our home with offerings to the Cider God.
"Myself, despite what they say about libertarians, I think we're actually allowed to pursue options beyond futility or sucking the dicks of the powerful." -- Eric the .5b

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JasonL
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Re: Petty annoyances

Post by JasonL » 19 Aug 2017, 22:01

Taktix<img src= wrote:
">[quote="Taktix"]
Warren wrote:
18 Aug 2017, 19:18
The US nickle has a melt value above five cents too.
So would going to the Nickel Standard end inflation?

Greybugs?
Nickel backs