The Value of Money

az2wp0sye65487

You have a hundred 1c coins, and a €1 coin.......

If you melt down the hundred *'coppers' and you melt down the €1 coin, which is worth more?

i.e. what is the value of the metal that coinage is made from?

If the metal that *'coppers' are made from is worth more, does that mean that you have a more valuable asset if you change all your savings into 1c, 2c & 5c coins, melt them down and sell the metal??!?!


*coppers aren't 100% copper as far as I know.

Schism

They'd be worth a similar amount, isn't all money electroplated?

Ciaran500

Gianna Thoughtless Drain wrote: »

*coppers aren't 100% copper as far as I know.

http://en.wikipedia.org/wiki/Euro_coins
5% copper...

bleg

Gianna Thoughtless Drain wrote: »

does that mean that you have a more valuable asset if you change all your savings into 1c, 2c & 5c coins, melt them down and sell the metal??!?!

no

Gone Drinking

It's also against the law to destroy money

az2wp0sye65487

bleg wrote: »

no

Ah, it all makes sense now! Thanks for expanding on your opinion! :rolleyes:

Genghiz Cohen

The metal coinage is made from is practally worthless, you'd waste more resources melting it down than the resulting pool of metal would pay for.

markok84

how about if you changed all your money into notes, burnt them, compacted the ashes and sold them on to art supply shops as artist charcoal? would that be worth more?

az2wp0sye65487

Genghiz Cohen wrote: »

The metal coinage is made from is practally worthless, you'd waste more resources melting it down than the resulting pool of metal would pay for.

Better withdraw my bid on the foundry so!

TheZohanS

Gone Drinking wrote: »

It's also against the law to destroy money

But you won't go to jail for it. Just ask the bankers.

LouOB

I thought this thread is about how people dont apprciate the value of money, items or people etc anymore (price of everything and value of nothing type)

My mistake for taking it a serious thread in AH
Doh

FlutterinBantam

LouOB wrote: »

I thought this thread is about how people dont apprciate the value of money, items or people etc anymore (price of everything and value of nothing type)

My mistake for taking it a serious thread in AH
Doh

WTF!!

Morrisseeee

How many 'coppers' did our Government & our Great WBankers melt down in the last year or so ? Quite a few :eek:

AnonoBoy

I'd love to burn down melt down Coppers.

Sh*te place altogether so it is.

S.I.R

the best use of pennys is dropping them from tall buildings.


namely the dail when they get a recess. :pac:

chin_grin

Ten.

ShooterSF

Gianna Thoughtless Drain wrote: »

You have a hundred 1c coins, and a €1 coin.......

If you melt down the hundred *'coppers' and you melt down the €1 coin, which is worth more?

i.e. what is the value of the metal that coinage is made from?

If the metal that *'coppers' are made from is worth more, does that mean that you have a more valuable asset if you change all your savings into 1c, 2c & 5c coins, melt them down and sell the metal??!?!


*coppers aren't 100% copper as far as I know.

But what if someone bought your coppers with a worthless piece of paper?

Mr.Lizard

Iron-ic that the 10c, 20c, 50c have more copper in them than the "copper" 1c, 2c, 5c.

abouttobebanned

LouOB wrote: »

I thought this thread is about how people dont apprciate the value of money, items or people etc anymore (price of everything and value of nothing type)

My mistake for taking it a serious thread in AH
Doh

Possibly a good thread for the gambling forum actually

stepbar

Morrisseeee wrote: »

How many 'coppers' did our Government & our Great WBankers melt down in the last year or so ? Quite a few :eek:

I think you'll find they were spent rather foolishly....

Captain-America

Lads, nobody's mentioned the word 'recession' yet.

Is it over or something?

Hagar

The new copper coins stick to magnets. Fact.

stepbar

Captain-America wrote: »

Lads, nobody's mentioned the word 'recession' yet.

Is it over or something?

You just did..... Clearly not by any stretch of the imagination despite what other folk might tell you.

Cuddlesworth

Morrisseeee wrote: »

How many 'coppers' did our Government & our Great WBankers melt down in the last year or so ? Quite a few :eek:

I'm amazed at the amount of people who don't really understand why the recession came about.

stepbar

Cuddlesworth wrote: »

I'm amazed at the amount of people who don't really understand why the recession came about.

So am I.... But hey lets not let that get in the way of a real debate