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Rubber Duck
27th October 2007, 04:51 PM
http://news.bbc.co.uk/1/hi/programmes/moneybox/7065183.stm

It would seem that the value of the coinage at least is underpinned by its meltdown value!

thefabfive
27th October 2007, 05:00 PM
Wow, what an incredible waste of time it was clicking on this thread!

Drewbert
27th October 2007, 06:29 PM
I found it rather informative.

mulligan
27th October 2007, 07:42 PM
This has long been a topic in various coin clubs / associations etc

xxbossmanxx
27th October 2007, 08:00 PM
hows about getting rid of the penny as real cash. we could still make electronic payments with pennys but who the hell cares if our cash transactions are up to 4 cents rounded off.

touchring
27th October 2007, 08:10 PM
How about a 1 fen or 0.13 us cent coin? The most useless coin in the world?

I wonder if it is possible to produce a coin that cheaply.

btw, they still use this when they add tax to the bill. :o


http://www.chinatour.com/currency/coin01.jpg

mgrohan
27th October 2007, 11:44 PM
Very interesting article. Never really thought of the cost of coin production before compared to the actual coin value.

bwhhisc
28th October 2007, 12:50 AM
The price of the gas to melt the coins to raw metal would probably outweigh any $ gain. lol

jacksonm
28th October 2007, 12:53 AM
The price of the gas to melt the coins would probably outweigh any gain :o

Use a diesel!

My E320 CDI gets 41MPG US, 49MPG British, and can produce 470 newton meters of torque (that's 346 foot pounds). Not bad for a 6 cylinder turbo diesel.

I stopped driving gas cars a long time ago.

.

Drewbert
28th October 2007, 05:15 AM
How about a 1 fen or 0.13 us cent coin? The most useless coin in the world?



Mexico still uses the 5 centavo coin, which is worth approx USD$0.00466. Which is pretty useless too.

http://www.banxico.org.mx/billetesymonedas/didactico/monedas_FabCaractHis/moncanj/images/C_mon_005.gif

touchring
28th October 2007, 06:08 AM
The price of the gas to melt the coins to raw metal would probably outweigh any $ gain. lol



They install remote monitoring cameras at transformer stations in singapore to watch over the copper wires. Recycling is a dirty business, my friend's dad was in it for a few years, and had to quit the million dollar business because of leukemia.