2p coins now worth 3p

FordPrefect · 14 May 2006 at 00:21

Bumhucker said:
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.

Exactly forcing everyone to hand in there old coins(pre 1992) for "recycling".

Aod · 14 May 2006 at 00:22

Mmmmmm, "Govern"ment

norm · 14 May 2006 at 01:25

How did they get the new 2 pence peice from steel to retain the same weight as that of the copper piece?

BigBoy · 14 May 2006 at 04:17

I just sold 35kg of bright wire(copper) to the scrap man for £2 a kilo

was well happy with £70 for an afternoons work.

zpos · 14 May 2006 at 07:15

Rich1988 said:
the only problem about this is its against the law to deface coins with the queens head on, defacing coins is illegal sadly :/

This explains why my plumber took off with some old copper pipes rather than shoving it in the skip!

z

PinkPig · 14 May 2006 at 07:38

norm said:
How did they get the new 2 pence peice from steel to retain the same weight as that of the copper piece?

Wikipedia tells me that, as copper-plated steel is less dense than bronze (it seems this is what was previously used rather than just copper), post-1992 coins have been slightly thicker.

ThriceNightly · 14 May 2006 at 08:42

is it worth stripping 2.5 t&e for scrap ( i have striiped out lots of it from my house)

The_blue · 14 May 2006 at 17:35

Rich1988 said:
the only problem about this is its against the law to deface coins with the queens head on, defacing coins is illegal sadly :/

was replaced by basic copy right type laws

atpbx · 14 May 2006 at 17:40

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

M

Thats not strictly true, they went through a period a couple of years ago where they were not interested in complete wrecks with no salvageable parts, but steel prices have gone up suffiecently to warrent them paying for scrap or towing complete sheds away for free.

Kaed · 14 May 2006 at 17:42

Aod said:
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.

This is quite true. Was in Liverpool a year or so ago, and of course, had to jump on the ferry across the Mersey (just to say I had done it) and I think there were machines there which you put 1 or a 2p in and pressed some button, it then squashed the coin into into a 'token ' to remind you of your crossing

Surely those machines would have been illegal if defacing was illegal still?

Eliot · 14 May 2006 at 17:59

they are also found in legoland those pressing machines

benjo plz. · 14 May 2006 at 20:08

They have them in Sealife centres too

.

locutus12 · 14 May 2006 at 21:17

Bumhucker said:
Don't forget guys, melting down coins of the realm is illegal

Rich1988 said:
the only problem about this is its against the law to deface coins with the queens head on, defacing coins is illegal sadly :/

1 porcelein bowl,
1 hollow clay brick
1 blow torch
£2000 of copper 2 pence pieces.

melt them down in the bowl with the torch, pour into the clay brick, cool down and sell the copper bar. impossible for anyone to know, rince and repeat.

VeNT · 14 May 2006 at 21:22

locutus12 said:
1 porcelein bowl,
1 hollow clay brick
1 blow torch
£2000 of copper 2 pence pieces.

melt them down in the bowl with the torch, pour into the clay brick, cool down and sell the copper bar. impossible for anyone to know, rince and repeat.

except that its not 100% copper.
you've got inpuritys in it, so anyone who wants copper is going to be annoyed that your selling impure ingots
also the ingots will be unmarked, iirc they have to be stamped to sell on the open market

TripleT · 14 May 2006 at 21:25

Plus smelting down coins is illegal in this country.

Think I read that a reporter took £42 of 2p's over to france to a smelter and made a nice profit on them

Zefan · 14 May 2006 at 21:28

I think it's ridiculous, all of it.

Just my three pence worth.

anksta · 14 May 2006 at 21:47

would it not be worth it to go hit some of the arcades in black pool or somewhere and change a few hundred quid of notes for 2ps and then sell them on?

Zefan · 14 May 2006 at 21:47

Probably, but defacing coins is illegal.

anksta · 14 May 2006 at 21:54

how could they know? I'm sure you could defract them pretty easily, highly unlikely that copper and the imperfections in the coins would have the same melting point.

yozzer2001 · 14 May 2006 at 22:41

anybody know scrap copper price at this momment?