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V11 2008 INDEX
E-SYLUM ARCHIVE
PLAN TO MELT PRE-1982 U.S. CENTS FAILS TO SOLIDIFY
Dick Johnson forwarded this story. He writes:"The Cleveland Plain Dealer had this update on the
Jackson Ohio firm sorting cents in anticipation of melting them for metal
content. (Last E-Sylum story: vol 10, no 45, art 20)."
What happened to an Ohio company's plans to melt old pennies and extract their copper?
The company that wanted a legislative change that would let it melt the coins isn't banking on getting its way anytime soon.
Jackson Metals, which is south of Columbus in Jackson County, had hoped to melt down pennies minted before 1982, whose components are now worth 1.7 cents per coin, and sell the copper to makers of brass products such as doorknobs and plumbing fixtures. The company's plans are blocked by a U.S. Mint ban on melting pennies, a rule designed to prevent coin shortages.
To read the complete article, see: Plan to melt pennies fails to solidify (http://www.cleveland.com/news/plaindealer/index.ssf?
/base/cuyahoga/1218443453136590.xml&coll=2)
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.
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