Only if you’re checking them by hand. Pre 1982 pennies weigh slightly more so you can use a machine to automatically sort them.
Find jewelry molds, or or a sculptures mold of a lamp or statue and scrap it as art.
The zinc is a good reason not to do this as a home project. You’re likely to end up with zinc poisoning from the fumes. But if you were really intent on doing this you could throw in some plumbing copper to change the alloy composition. Even if you didn’t, how much effort does the Treasury dept. put into tracking down penny melters?
As far as the legality of melting pennies for profit, here’s a page (dated 04/17/2007) from the United States Mint website:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=771
Basically it is illegal.
Damn, now I’m confused. An agency can make a “regulation” that is essentially a criminal statute? Been a lawyer for over 25 years and didn’t know that. I thought you had to violate a law before you had to go to jail.
Nope. Going over the speed limit in a National Park is a violation of the Code of Federal Regulations, the punishment of which is also a CFR with up to 6 months and a $5k fine. They don’t actually impose that much, but it is a huge incentive to plead guilty if the magistrate is handing out $250 fines. Found this out in 1995 when I got pulled over in Yosemite.
I know this is a zombie thread, but would this really work? AFAIK, alloys usually don’t separate when you melt them; for example, 60/40 solder doesn’t separate into tin and lead when you melt it (in fact, it melts at a lower temperature than either of its constituents, although brass melts at an intermediate temperature between copper and zinc).
What kind of a lawyer were you? I hope you never dealt with either any criminal or regulatory cases (I’m not sure what really that leaves, actually…), because this is really government 101.
Of course a federal agency can’t all by itself, out of the blue, just make any regulation in wants. But most federal agencies exist to implement laws duly passed by Congress, and in such laws Congress typically gave the agency power to make appropriate regulations (the agency must also in accordance with general federal laws about agencies, such as the Administrative Procedures Act, of course). I presume there’s a federal law that gives the Treasury power to regulate coinage and currency, and that to date, the courts have not held that the regulation about melting is not authorized by that law. I’m sure a competent lawyer could even look up the exact statute and read it for themselves.
Try it on a military base some time. I was in a hurry to get to a Cub Scout meeting being held on active Air Force facilities when I got pulled over by two cop cars - Air Police? When they found out I was a civilian they weren’t interested in busting my chops, but the Lieutenant very carefully explained the situation to the Sergeant, who very carefully explained it to the Airman, who very carefully explained it to me, and I kept my speed down to 34.5 MPH on that stretch forever more.
But a U.S. military reservation is different.
ObDisclaimer: never a laywer, but 21 years active duty and listening (and giving) recurring briefings on “The UCMJ and You!” means this is not completely foreign territory to me.
The controlling legal authority is the Uniform Code of Military Justice, which is an actual law enacted by Congress to fulfill the Congressional obligation under the Constitution, Article I, Section 8: “To make Rules for the Government and Regulation of the land and naval Forces;”
The thing is, the UCMJ isn’t generally applicable to anyone not under command in the Armed Uniformed Forces of the United States. If you didn’t raise the hand and swear the oath (or affirmation), it doesn’t control you. But if you’re on a military reservation and not a member of the services, you’re there as a guest and they can eject you if they feel they need to. And in some cases, there’s coordinated jurisdiction with the local municipality or state, so when they eject you, they turn you over to the waiting sheriff or local cops (if what you did violated a law or ordinance of the coordinating jurisdiction). Also, Federal laws apply pretty much unimpeded on a military reservation (so a bank robbery would still be an FBI case, probably… maybe there’d be some jurisdiction negotiations between the military investigative agency involved and the FBI..).
Now this is very general. There have been moves in the last few years, for instance, to make contractors operating overseas in association with a military facility subject to the UCMJ, simply because there were no other alternatives… for instance, we wouldn’t make the contractors subject to local law in a recent battle zone, even if we trusted the existence of that local law, but then who would the contractors be accountable to? There were a lot of rather horrible incidents in Iraq and Afghanistan because contractors weren’t legally accountable.
This would be a definitization of Clauses a.10 and a.11 of Article 2 of the UCMJ:
I probably over-stated my position. I do know that agencies have the power to draft regulations, and that those regulations act as “laws.” But, in most cases, they are, as you say, acting according to laws passed by Congress. The article made it sound like the Mint thought this up itself.
In Samora v. United States, 406 F.2d 1095 (5th Cir.1969) the defendant was convicted of violating the Munitions Control Statute, 22 U.S.C. § 1934, and regulations under it, by attempting to export handguns to Mexico without an export license. It was a regulation, not a statute, that expressly forbade attempts to export unlawfully. The statute applied criminal sanctions to any person who willfully violated any statutory provision or any rule or regulation issued thereunder. The *Samora *Court reiterated the rule that “Congress may validly provide a criminal sanction for the violation of rules or regulations which it has empowered the President or an administrative agency to enact."
And. by god, with a little effort, I have found a law passed by Congress allowing such regulations.
31 U.S.C. § 5111
I stand humbled and corrected.
It is only copper cents (half of those minted in 1982 and all before) which are more than face value at this point. Nickels have not reached above face value yet. Costing more than face value to produce doesn’t mean they are intrinsically worth more than face value. Costing more to produce than they are worth on face value is nothing you’re able to sell to a scrap dealer, in other words.
Also, the government could theoretically tell based on the alloy. If you simply melt copper pennies and don’t try to remove the zinc and/or tin in them which comprise 5% of the weight, they could tell that way. However, as I said that’s only theoretical. I don’t think it’s realistically ever going to happen unless it becomes a widespread and well-known problem. And that could happen if pennies start breaking the 3 and 4 cent mark on their melt value. Then it might start becoming worth taking the risk.
This is the reply I wanted to make but the system didn’t allow due to a timeout:
Post-1982 pennies are mostly zinc and mostly worthless, but they still cost more than they’re worth to produce. I’d like to see all of them gone. Is anyone really going to miss change of a quarter?
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It is only copper cents (half of those minted in 1982 and all before) which are more than face value at this point. Nickels have not reached above face value yet. Costing more than face value to produce doesn’t mean they are intrinsically worth more than face value. The cost to produce is nothing you’re able to sell to a scrap dealer, in other words. All they care about is melt value, not production value.
As to worrying about the government, they could theoretically tell based on the alloy. If you simply melt copper pennies and don’t try to remove the zinc and/or tin in them which comprise 5% of the weight, they could speculate you might be up to something…but they still can’t prove it directly. However, as I said that’s only theoretical. I don’t think it’s realistically ever going to happen unless it becomes a widespread and well-known problem and someone brings attention to themselves by regularly hauling large quantities of copper to scrap yards and someone follows them and finds they are buying large quanties of pennies on a regular basis, then does a simple connect the dots. Those scenarios could happen if pennies start breaking the 3 and 4 cent mark on their melt value and causes people to think they can make a full time living selling copper.
It is only copper cents (half of those minted in 1982 and all before) which are more than face value at this point. Nickels have not reached above face value yet. Costing more than face value to produce doesn’t mean they are intrinsically worth more than face value. The cost to produce is nothing you’re able to sell to a scrap dealer, in other words. All they care about is melt value, not production value.
As to worrying about the government, they could theoretically tell based on the alloy. If you simply melt copper pennies and don’t try to remove the zinc and/or tin in them which comprise 5% of the weight, they could speculate you might be up to something…but they still can’t prove it directly. However, as I said that’s only theoretical. I don’t think it’s realistically ever going to happen unless it becomes a widespread and well-known problem and someone brings attention to themselves by regularly hauling large quantities of copper to scrap yards and someone follows them and finds they are buying large quanties of pennies on a regular basis, then does a simple connect the dots. Those scenarios could happen if pennies start breaking the 3 and 4 cent mark on their melt value and causes people to think they can make a full time living selling copper.
My former cow-orker & I used to amuse ourselves on the graveyard shift by melting pennies. We always wondered why pre-'83 pennies wouldn’t melt, but now it makes more…umm…cents. 
It’s quite easy to separate the inner zinc from the copper shell on a '83 or up U.S. cent. Just nick the edge, and hold it over a hot flame with pliers. The zinc will melt and drip out of the copper cladding. A propane torch works fast, and one must take care to avoid vaporizing the shell. What others have said about zinc fumes applies.
I work as a cashier, and not only to I see pre-1982 pennies so often that I gave up trying to save them all, but I see pre-1960 pennies several times a week, usually ones from the 40s.
I also see a fair number of silver dimes, and occasionally quarters.
And a 1964 (silver) half-dollar about twice a year. A silver dollar about half that often. (And I mean silver, like with Liberty on the front, and pushing 100 years old, not the impractical Eisenhower dollars from the 70s, though I get those too.)
My prizes are a 1oz commemorative fine silver dollar from the 80s that somebody spent, and the time some clown brought me another commemorative coin and said “Will you take this? It’s five dollars, right?” I looked at the coin, saw it said “5 US Dollars” on it, and promptly said, “It says five dollars right there. Yes. Yes, I will give you five dollars for that.” and made it clear I was giving him a $5 bill from my pocket to spend on his purchases.
Which is how I came to own a coin that says “1/10oz fine gold” on it.
(I have tried involving the police, as folks who possess such things with no clue what they are worth likely stole them, but it never comes to anything.)
I happen to have timed myself rolling pennies.
I found out the store I work at takes the coins donated to charity to Coinstar, which charges 8% for counting them, so I decided to try turning them into rolled change I could sell to the store and keeping the 8% for my time. My goal was to make $5 an hour.
I could do that rolling nickles, dimes, and/or quarters, but I couldn’t do it counting pennies.
By my rough estimate, just counting and rolling $300 in pennies (not checking the dates on them) would take about 5 hours.
SOME coins are more valuable in coin form.
My stepfather would, as a hobby, buy bulk bags of silver dollars, sort them to find the few that were actually worth something, due to their condition and/or date, then sell the rest back by the pound.
He made money at it, but more because he’d buy while the price was down and sell when it was up than because he found a couple of coins that were worth more than their metal. It didn’t cover his time, but he REALLY liked sorting things, and so it let him make a little money of something he’d be doing anyway.
I saw a financial guru of some sort, I believe he was a guest on the Daily Show, and he was saying that he recommended investing in copper US coins and nickles for their metal value, because buying their metal content at face value is a bargain. He stressed that actually melting them was illegal, but hoarding them is not.
He said that he had gone to his bank to try and get $100,000 in nickles, and they said he had to get them from the Federal Reserve, and the Federal Reserve had asked why he wanted $100,000 in nickles. He said he had replied, “I just really like nickles,” and this had satisfied them, so now he owns $100,000 in nickles.