since the metal value of can. nickels & cents is greater than the face value, where can i sell at a profit.?
It is illegal to melt down canadian currency.
taiping?.have noticed those pure nickel
& next to pure cents are disappearing from my Change I’m can. who is scooping them up & why?
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First of all, part of the reason the cent and nickel cost more to produce is the labor charge and overhead. The metal cost is just a little over. Second, it is against the law to melt or export cents and nickels from the U.S. at this point. When it comes to the cent the only ones that are profitable to melt is the pre-1982 that are .950 copper. None of the companies that melts metals whats the secret service at their door so you will have a hard time selling the coins for more than face value unless it is a collectible coin. Canada has stricter laws on its coins and the U.S. abides by them.