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View Full Version : Just Learned That Our Pennys Aren't Made of Copper. Legal Tender is a Complete Fraud.




AGRP
04-18-2011, 11:50 PM
I suppose a lot of people already know this, but how pathetic that even a penny is not really what they pass it off as. Everything is a fraud; from top to bottom.

-1793-1909 Penny is 100% copper
-1909-1982 Penny is 95% copper
-1982-2007 Penny is 2.5% copper

http://mitchross.com/blog/index.php?itemid=59

We're living in the twilight zone.

It looks like a man will serve the rest of his life in jail for "counterfeiting" money with real sliver (liberty dollar). If anyone should be put in prison for circulating money, its the Federal Reserve for passing around their worthless currency:

They're circulating coins that appear to be silver (but are really copper), dollars that appear to be backed by something (backed by debt), and pennies that are passed off as copper (zinc, only 2.5% copper).

Nothing is real!

Sola_Fide
04-18-2011, 11:55 PM
War is peace.

Money is debt.

Slavery is freedom.

Etc, etc, etc....

RSLudlum
04-19-2011, 12:07 AM
A (pre-82) penny saved is 3 pennies earned. ;)

http://coinflation.com/

Indy Vidual
04-19-2011, 12:59 AM
...
We're living in the twilight zone.
...


http://www.youtube.com/watch?v=NzlG28B-R8Y

Anti Federalist
04-19-2011, 01:31 AM
A (pre-82) penny saved is 3 pennies earned. ;)

http://coinflation.com/

Great site, I was just coming in here to post that.

1946 to 1964 Roosevelt dime is now worth $3.13 for a total "coinflation" of 3183 percent.

jclay2
04-19-2011, 01:48 AM
Great site, I was just coming in here to post that.

1946 to 1964 Roosevelt dime is now worth $3.13 for a total "coinflation" of 3183 percent.

Gosh dang it. Last week I had a 64 dime that I thought wasn't silver. Hopefully I can find it.

Dave Aiello
04-19-2011, 02:04 AM
Why is the original poster so appalled at the fact that pennies aren't copper? Our dollar bills are cotton and linen. Coins cost more to produce than bills. Also, it's illegal to melt them down for the metal. It will set off a flag if you go to the bank and ask for $5000 worth of nickels (currently worth 6.6cents each in metal).

Anti Federalist
04-19-2011, 02:06 AM
Why is the original poster so appalled at the fact that pennies aren't copper? Our dollar bills are cotton and linen. Coins cost more to produce than bills. Also, it's illegal to melt them down for the metal. It will set off a flag if you go to the bank and ask for $5000 worth of nickels (currently worth 6.6cents each in metal).

Because money should be worth something more than empty government promises?

Kregisen
04-19-2011, 02:31 AM
Great site, I was just coming in here to post that.

1946 to 1964 Roosevelt dime is now worth $3.13 for a total "coinflation" of 3183 percent.

Technically 3083 percent......if something doubles in value you don't say it went up 200%, it went up 100%. You always subtract 100% if you try to find the gain. [/nerd]

Anti Federalist
04-19-2011, 02:37 AM
Technically 3083 percent......if something doubles in value you don't say it went up 200%, it went up 100%. You always subtract 100% if you try to find the gain. [/nerd]

Salvo for the math whiz!

You are right.

nobody's_hero
04-19-2011, 03:54 AM
Why is the original poster so appalled at the fact that pennies aren't copper? Our dollar bills are cotton and linen. Coins cost more to produce than bills. Also, it's illegal to melt them down for the metal. It will set off a flag if you go to the bank and ask for $5000 worth of nickels (currently worth 6.6cents each in metal).

Interesting. How would you carry around $5K worth of nickels anyway?

eduardo89
04-19-2011, 04:10 AM
Interesting. How would you carry around $5K worth of nickels anyway?

It would weight around 1107.4lbs!

$5000 -> 100,000 nickels x 0.1615ounces -> 16,150oz -> 1107.42857lbs

cindy25
04-19-2011, 05:49 AM
until 1857 the cent was large, and contained 1c of copper; it was then devalued to copper-nickel, and the in 1864 to copper.

so changing composition nothing new, and someday expect aluminum.

fisharmor
04-19-2011, 06:53 AM
so changing composition nothing new, and someday expect aluminum.

True, IIRC the zinc content in a penny is already over 1 cent in value.
Weren't there steel pennies during WWII?

I think it's much more likely that we'll be seeing our own "new peso" in about 10-15 years, where they'll just drop a zero or two. Only problem is, the new peso coins have some content, and I don't believe for a second that ours would.

acptulsa
04-19-2011, 07:26 AM
Weren't there steel pennies during WWII?

'43 only, was an alloy with more zinc than steel (iirc), and weren't brown (which made people unhappy as they had a harder time telling them from dimes). Then came a brown one, which may have been one of the first 'clad' coins.

Yeah, pennies aren't copper. What rock have we been hiding under? Quarters aren't silver, either. Hate to shock you...

Used to have a few old 'tax mills', issued by states as a way to have something smaller than a penny. Hard to imagine after all this inflation, but during the Depression a tenth of a penny was worth keeping track of. They were liable to be zinc, bakelite or even cardboard. The next penny?

eduardo89
04-19-2011, 07:35 AM
Weren't there steel pennies during WWII?


http://0.tqn.com/w/experts/Coin-Collecting-2297/2008/06/black-white-picture.jpg

acptulsa
04-19-2011, 07:39 AM
http://0.tqn.com/w/experts/Coin-Collecting-2297/2008/06/black-white-picture.jpg

Neat looking things, but they'll never be worth much. The unusual ones always get put in a drawer and left uncirculated in large numbers.

Carehn
04-19-2011, 07:50 AM
until 1857 the cent was large, and contained 1c of copper; it was then devalued to copper-nickel, and the in 1864 to copper.

so changing composition nothing new, and someday expect aluminum.

http://www.tommcmahon.net/2008/07/the-1974-alumin.html

eduardo89
04-19-2011, 07:51 AM
Aluminum pennies are illegal to own (the very few that escaped the mint)

AGRP
04-19-2011, 09:09 AM
Why is the original poster so appalled at the fact that pennies aren't copper?

If a business knowingly sold an item as something it wasn't and the customer found out:

a) They would offer a refund

b) The customer would call the cops

c) They would find themselves in court

d) Its just plain unethical

The fact that even our PENNIES aren't what they are assumed to be is disturbing.

Pericles
04-19-2011, 09:58 AM
'43 only, was an alloy with more zinc than steel (iirc), and weren't brown (which made people unhappy as they had a harder time telling them from dimes). Then came a brown one, which may have been one of the first 'clad' coins.

Yeah, pennies aren't copper. What rock have we been hiding under? Quarters aren't silver, either. Hate to shock you...

Used to have a few old 'tax mills', issued by states as a way to have something smaller than a penny. Hard to imagine after all this inflation, but during the Depression a tenth of a penny was worth keeping track of. They were liable to be zinc, bakelite or even cardboard. The next penny?

1944 and 1945 were made from spent shell casings - the brass looked more like copper, so it worked.

acptulsa
04-19-2011, 10:38 AM
1944 and 1945 were made from spent shell casings - the brass looked more like copper, so it worked.

Now that you mention it, I remember that those two years had a high brass content. Never knew why. Makes perfect sense.

And AGRP, they'd argue that all they promised was to declare it legal tender. Never, ever promised to maintain its value...

Bastards.

pahs1994
04-19-2011, 10:50 AM
I have been pulling every pre-1982 penny and every nickel i get in change and saving them. They will become hoarded how silver coins were in the 60's. i know its only a small profit and maybe not worth the hassel but you cant complain about doubling your money for nothing and they are worth more than paper. small rolls would be good to barter for small items with

Freedom 4 all
04-19-2011, 10:54 AM
Hate to break it to ya, but $100 bills do not contain $100 worth of cotton either ;)

acptulsa
04-19-2011, 10:55 AM
Hate to break it to ya, but $100 bills do not contain $100 worth of cotton either ;)

I fear it won't be long now...

Matt Collins
04-19-2011, 10:56 AM
Zinc I think.

Ron said in End The Fed that he predicts the penny will have to go away because it'll be too expensive to produce.

FunkBuddha
04-19-2011, 11:39 AM
Can anyone confirm that the snozzberries still taste like snozzberries?

acptulsa
04-19-2011, 11:42 AM
Can anyone confirm that the snozzberries still taste like snozzberries?

No.

123tim
04-19-2011, 01:01 PM
Take the zinc out of a penny (with muriatic acid) and it will float:


http://www.youtube.com/watch?v=UWk0ldPi4nk

Zippyjuan
04-19-2011, 01:02 PM
90% of all money today only exists electronically anyways. Does it really matter much what the remaining ten percent is made with?

Noob
04-19-2011, 01:11 PM
I have been going to the credit union and been getting lots of penny's, nickels, dimes,quarters, 50 cents pieces, Silver dollars <not the double eagles ones> and the new Presidents $1 coins. I have nearly $1,700 in quarters, and $500 in 50 cent pieces.

Romulus
04-19-2011, 03:14 PM
90% of all money today only exists electronically anyways. Does it really matter much what the remaining ten percent is made with?

Actually yes it does matter to folks who don't like being slaves to those who control currency.

South Park Fan
04-19-2011, 04:33 PM
Nickels and pre-1982 pennies already exceed their face value by almost 2 cents each. With Obama and Benanke's Mugabenomics, it won't be long before pennies, dimes, and quarters also exceed their face values.

Kregisen
04-21-2011, 01:41 AM
I have been going to the credit union and been getting lots of penny's, nickels, dimes,quarters, 50 cents pieces, Silver dollars <not the double eagles ones> and the new Presidents $1 coins. I have nearly $1,700 in quarters, and $500 in 50 cent pieces.

Why would you do that when you could go invest $1700 in something....even treasury bonds for crying out loud. It's not legal and thus not practical to melt down coins so storing up on those will do nothing except decrease your present value of money since they're going down through inflation and you aren't investing.

acptulsa
04-21-2011, 01:50 AM
Why would you do that when you could go invest $1700 in something....even treasury bonds for crying out loud. It's not legal and thus not practical to melt down coins so storing up on those will do nothing except decrease your present value of money since they're going down through inflation and you aren't investing.

Not legal and not very practical, as they're alloys and they're clad. So, you try to sell an alloy for cheap or you learn how to seperate the components of the alloy.

Imagine if you had been buying junk silver all that time. Oh, my.

acptulsa
04-21-2011, 01:57 AM
And lol at this thread still being alive.


http://www.youtube.com/watch?v=7pELxwTp7gk