Newspapers have been quick to point out that as demand from the booming economies of China and India pushes copper steadily towards $9,000 a tonne, the metal in the humble coins is now worth almost double their face value.
Since September 1992, Britain's 1p and 2p coins have been made of copper-plated steel.
But before that date they were made of 97 percent copper, which as the best conductor of electricity is the metal that traditionally benefits most from building booms.
The Royal Mint, which makes and distributes Britain's coins, said in a statement there were 6.33 billion 2p coins in circulation -- although it did not break down the number into pre and post 1992 -- and warned that it was an offence to "deface" the coinage.
"Even if it were legal, the practicalities involved in melting down such huge quantities of coins would seem to us to make it a highly improbable task for the average consumer," it added.
2 comments:
i read someplace that it cost 2 cents to make an american penny...now tell me that fucking makes sense.. d'oh
I don't know why they still make them ... they ain't worth shit. It's only silly bastard stores that think 99c or 99p seems soooooooo much less than $1 or £1.
As for your question JS , yes it makes sense ... it's the USA ! lol
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