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2p coins now worth 3p

Discussion in 'General Discussion' started by Hamish, 13 May 2006.

  1. Hamish

    Mobster

    Joined: 14 Apr 2003

    Posts: 4,951

    Location: Deepest Yorkshire

    Britain's 2p coins are now actually worth 3p - thanks to the soaring price of copper.

    Any 2p coins made before 1992 are now more valuable as scrap metal than loose change.

    Earlier 2p coins contain 97% copper which has hit an all-time record price of $8,000 a tonne.

    It means that 145,000 2p coins would be worth £2,900 at the bank - but about £4,400 as scrap.

    One penny coins from the same period are also worth roughly 50% more than their face value.

    in 1992, the Royal Mint introduced new 1p and 2p coins made of steel with just a thin copper plating.

    http://www.ananova.com/news/story/sm_1838153.html?menu=

    :D get saving!
     
  2. Brum Man

    Mobster

    Joined: 30 Jan 2004

    Posts: 3,031

    Was on the front of the Guardian about 3 days ago.
     
  3. Ricochet J

    Capodecina

    Joined: 29 Jun 2004

    Posts: 12,915

    That's good. I have three old computer cases full of Copper's which I fill now and then, haven't unfilled it since 7 years back.
     
  4. FeFiDoh

    Sgarrista

    Joined: 17 Aug 2005

    Posts: 7,600

    Location: Swindon

    damn and i cashed a shed load in!
     
  5. Visage

    PermaBanned

    Joined: 13 Jan 2005

    Posts: 10,708

    And THAT is why liberals are always right.....
     
  6. ojo

    PermaBanned

    Joined: 18 Oct 2002

    Posts: 1,925

    Location: ...floating in Space


    And the Guardian is now £1.05?
     
  7. MR_Punk

    Sgarrista

    Joined: 23 Mar 2004

    Posts: 8,003

    Location: Up t'north

    Ive got a friend who works with pipes etc - he strips old pipes of copper on the side from work and makes over £200 a week doing it!

    +44
     
  8. Rich1988

    Soldato

    Joined: 8 Jan 2005

    Posts: 6,414

    Location: wiltshire

    the only problem about this is its against the law to deface coins with the queens head on, defacing coins is illegal sadly :/
     
  9. Tesla

    Capodecina

    Joined: 19 Jan 2003

    Posts: 17,412

    Location: Bristol, UK

    My friend is a heating engineer, more commercial stuff.

    He sometimes gets to scrap copper immersion tanks!
     
  10. MR_Punk

    Sgarrista

    Joined: 23 Mar 2004

    Posts: 8,003

    Location: Up t'north

    It sounds like an easy way to make cash - I think he's saved something like 8k towards his first house!

    +44
     
  11. wnb

    Mobster

    Joined: 27 Feb 2004

    Posts: 3,969

    That will explain why theives tried to nick copper wiring from signals near carlisle the other day.
     
  12. Rich1988

    Soldato

    Joined: 8 Jan 2005

    Posts: 6,414

    Location: wiltshire

    I wanna make money from copper pipes and stuff :(
     
  13. benjo plz.

    Capodecina

    Joined: 15 Jan 2004

    Posts: 14,204

    Location: Hall

    Funny, they seem to have some problems with lack of power, alchohol and rent boys :p.
     
  14. VeNT

    Capodecina

    Joined: 9 Jan 2003

    Posts: 20,722

    Location: Cornwall

    unless you pay using 2ps
     
  15. Neolink

    Wise Guy

    Joined: 27 Sep 2004

    Posts: 2,072

    irritating as i just cashed a few hundred pounds worth of coppers in febuary, i bet alot of them were pre-92 :(
     
  16. FordPrefect

    Mobster

    Joined: 18 Oct 2002

    Posts: 2,714

    How long before the government "introduces" new 2 and 1p coins to get all of the old ones handed in?
     
  17. Bumhucker

    Hitman

    Joined: 8 Nov 2005

    Posts: 919

    Location: Not in ham

    Don't forget guys, melting down coins of the realm is illegal ;)
     
  18. Aod

    Sgarrista

    Joined: 7 Oct 2004

    Posts: 8,664

    Location: London

    actually, about 3 years after parliament put this through, they out another law through that made that one null and void.

    effectively, you can deface the queens face on a coin without fear of repucussion.
     
  19. Meridian

    Man of Honour

    Joined: 18 Oct 2002

    Posts: 12,083

    Location: Vvardenfell



    Er - did you get beyond the first sentence of the original post?


    Steel is worth next to nothing, as any scrap dealer will tell you.


    M
     
  20. Bumhucker

    Hitman

    Joined: 8 Nov 2005

    Posts: 919

    Location: Not in ham

    Either he didn't read it or he meant a new shape or size of coin making the old ones totally worthless to everyone else.