out of zinc
Capt. JG
about 2037.
What's the next best sacrificial metal... magnesium? LOL
--
"j" ganz @@
www.sailnow.com
Dennis Gibbons
more noble than zinc, they are still far more reactive than steel or bronze.
I must admit though, I have not had the nerve to try them yet on my Nic 35
Dennis
SV Dark Lady
CN35-207
"Capt. JG" <jg...@sailnow.invalid> wrote in message
news:u4OdnTXE18MtZTfV...@posted.bayareasolutions...
Capt. JG
news:48ab0d4e$0$20938$607e...@cv.net...
I wonder what people with aluminum boat will do?
Wilbur Hubbard
"Capt. JG" <jg...@sailnow.invalid> wrote in message
news:u4OdnTXE18MtZTfV...@posted.bayareasolutions...
The typical Jon Boy lie. The following is from:
http://www.infiniteinjury.org/blog/2008/07/04/the-economics-of-scarcity/
"The idea that the Indium on Earth is just going to be used up in 2017,
Terbium in 2012 and Zinc in 2037 is just absurd from both a geological and
economic point of view. As an economic matter the market won't simply let us
keep increasing our consumption until we suddenly run out. Rather, when
demand increases relative to supply the price rises and decreases
consumption. If companies really believed zinc was going to simply run out
in 2037 do you think they would be selling it cheaply enough to make it cost
effective to make pennies with it or use it in many other trivial ways?
There isn't any great crisis ahead, merely a rise in price for these metals
that will cause other metals to be substituted where possible and wasteful
uses to be eliminated (eliminate the damn penny!) while essential uses (LCD
displays, CPUs) continue."
I hope this helps explode the myth.
Wilbur Hubbard
Wayne.B
wrote:
>According to the New Scientist magazine, we're going to run out of zinc by
>about 2037.
>
>What's the next best sacrificial metal... magnesium? LOL
After we've sacrificed all the zincs will we have to switch back to
virgins?
Seems like a waste.
Capt. JG
news:t74ma4dm37mcsnmbs...@4ax.com...
Arrrrrggggg....
Capt. JG
news:cr4ma4p9av90e1qs4...@4ax.com...
> On Tue, 19 Aug 2008 09:45:36 -0700, "Capt. JG" <jg...@sailnow.invalid>
>
>>According to the New Scientist magazine, we're going to run out of zinc by
>>about 2037.
>
Don't know... did someone say that? Do you think it'll happen?
Glenn Ashmore
day. :-) Maybe I should pull all that pot metal kitch out of the yard
sale.
Seriously, if the price of zinc rises to much there will be zinc castings,
broken souvenir beer mugs and old kitchen utensils appearing out of the wood
work. There is an amazing amount of zinc sitting in peoples' closets and
junk boxes.
--
Glenn Ashmore
I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at: http://www.rutuonline.com
Shameless Commercial Division: http://www.spade-anchor-us.com
"Capt. JG" <jg...@sailnow.invalid> wrote in message
news:u4OdnTXE18MtZTfV...@posted.bayareasolutions...
Steve
On Tue, 19 Aug 2008 20:49:24 -0400, "Glenn Ashmore" <gash...@cox.net>
wrote:
>I just KNEW my kid's Hot Wheels collection would be worth something some
>day. :-) Maybe I should pull all that pot metal kitch out of the yard
>sale.
>
>Seriously, if the price of zinc rises to much there will be zinc castings,
>broken souvenir beer mugs and old kitchen utensils appearing out of the wood
>work. There is an amazing amount of zinc sitting in peoples' closets and
>junk boxes.
Save your pennies. They're almost all zinc. The older, copper
pennies (before 1982, 95% copper, 5% zinc) are worth 2.2 cents now in
copper. A nickle is worth 5.1 cents in the metal value (75% copper,
25% nickle). But a current penny (97.5% zinc, 5% copper) is worth
only 1/2 a penny in metal value. That should go up if we really start
running out of zinc.
For a list of US coin's melt value vs. purchasing power see:
Steve
Capt. JG
news:dn8oa4d5l0in59hjg...@4ax.com...
Yeah, unfortunately, it's big time illegal to melt down pennies. I think
there's some guy who's hording them in the hope that'll change (no pun
intended).
Steve
On Wed, 20 Aug 2008 09:13:21 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
>"Steve" <st...@example.com> wrote in message
It may or may not be illegal but I can gaurantee you it'll happen if
it's worth it. No kid ever got locked up for putting pennies on
railroad tracks. And I'm really wondering how it's legal for all
those tourist places like Disney, etc., to operate press machines
where you put in 2 quarters and a penny and you get back your penny
stamped into a souvenir medalion. That's defacing a penny just like
if you melted it down.
The answer is that it's not illegal to melt or squash coins. If you
read the law, it says that the alteration, defacing, etc., of coins
has to be done fraudulently for it to be illegal. Melting it down is
not fraud.
Steve
Bruce in Bangkok
st...@example.com says...
Back when silver prices went through the ceiling didn't they arrest
several people for purchasing/transporting/whatever silver coint for the
purpose of sk\melting them?
Maybe on of the Hunt family?
--
Cheers,
Bruce in Bangkok
Perley
You are quoting a collage kid, for Christ's sake! Try quoting a real
live geologist, or someone else who might know something about the
subject you are talking about. You certainly don't, you simple shit.
Capt. JG
Nope... it's illegal...
http://coins.about.com/b/2006/12/14/new-law-it-is-illegal-to-melt-down-pennies-and-nickels.htm
http://money.cnn.com/2006/12/14/news/melting/index.htm?section=money_topstories
Steve
On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
Nope, legal. At least in the US. Your sources are misinformed.
Believe me, there's a lot of that on the intenet.
http://www.coinflation.com/is_it_illegal_to_melt_coins.html
http://boards.collectors-society.com/ubbthreads.php/ubb/showflat/Number/1374869/site_id/1#import
And directly from the source, ths US Treasury and US Mint:
http://www.ustreas.gov/education/faq/coins/portraits.shtml#q13
Quoting from the US Treasury site:
Question: Is it illegal to damage or deface coins?
Answer: Section 331 of Title 18 of the United States code provides
criminal penalties for anyone who “fraudulently alters, defaces,
mutilates impairs, diminishes, falsifies, scales, or lightens any of
the coins coined at the Mints of the United States.” This statute
means that you may be violating the law if you change the appearance
of the coin and fraudulently represent it to be other than the altered
coin that it is. As a matter of policy, the U.S. Mint does not promote
coloring, plating or altering U.S. coinage: however, there are no
sanctions against such activity absent fraudulent intent.
This means that you can melt down all the US coins you want as long as
you don't try and pass off the melted down coin as a different coin.
Steve
Steve
On Wed, 20 Aug 2008 20:06:43 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
P.S., I read your source about the new "Rule". Until that's a law,
it's not a law.
Steve
Capt. JG
Steve, the rule was implemented. CNN got it right. It's specifically about
melting them down, which was added to the rules, but feel free to hoard
them.
Capt. JG
Here's the link on the Treasury site:
http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724
Wilbur Hubbard
"Perley" <per...@gmail.com> wrote in message
news:qflpa49ujepc1clbb...@4ax.com...
Duh! Einstein was once a "college kid."
Wilbur Hubbard
Perley
<wilbur...@thefarm.invalid> wrote:
Yes, and you've always been a shithead. So, who should we listen to?
Einstein or a shithead?
Steve
On Thu, 21 Aug 2008 08:03:10 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
As I said before, I saw that press release. It's almost 2 years old.
The US Mint can make all the "rules" it wants. But until the rule
gets into the US code, it's unenforcable in US court. I've done a
search of the US code and have not found anything that says you can't
melt down pennies for the zinc content. You'd think it would be there
by now, being almost 2 years old. But as far as I can see, it's not.
I'm not going to bother searching all the individual State codes
because you'd think something like this would be in the US code if it
was anywhere since minting coins is a federal function.
If you can point me to such a law in the US code, I would greatly
appreciate it.
Steve
Steve
On Thu, 21 Aug 2008 07:54:56 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
Please point me to the law in the US code that says I can't melt down
pennies for the zinc. I seriously would appreciate it since I've
tried but can't find it.
Steve
Steve
On 22 Aug 2008 09:27:01 -0500, Dave <Da...@nothere.com> wrote:
>On Fri, 22 Aug 2008 06:36:25 GMT, Steve <st...@example.com> said:
>
>>As I said before, I saw that press release. It's almost 2 years old.
>>The US Mint can make all the "rules" it wants. But until the rule
>>gets into the US code, it's unenforcable in US court.
>
>Sorry, but that's simply wrong. There are circumstances where regulations
>are invalid--typically where a court finds they exceed the authority granted
>the agency by statute, but that's not the usual case. Just ask the execs of
>any number of banks that have been penalized recently for violation
>regulations under the Bank Secrecy Act.
Ah yes, you're right. So I started searching Title 31 (money and
finance: treasury) of the CFR as of 1 July 2007 (1 July 2008 isn't
available yet) and couldn't find anything relavent. Since the rule is
from 2006, it should be there. I'd love to find this rule somewhere
because that would make all those souvenir coin press machines
illegal.
Steve
Capt. JG
No it wouldn't. It's only illegal if you're intending to defraud by altering
the coin.
Steve
On Fri, 22 Aug 2008 17:23:53 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
>"Steve" <st...@example.com> wrote in message
Exactly! That's what I've been saying all along.
Steve2
Capt. JG
Two different issues.... they're covered by different rules, so it's not
what you've been saying all along.
Steve
On Fri, 22 Aug 2008 23:16:27 -0700, "Capt. JG" <jg...@sailnow.invalid>
wrote:
Well then we're back to square 1. I'd like to see where it's illegal
to non-fraudulently deface, mutilate, etc., a penny in the CFR or the
USC.
Hell, if you're saying it's legal to squash a penny but illegal to
melt it, then all you have to do is squash them first. Tnen it's no
longer a penny so it's now legal to melt it.
Steve
Capt. JG
Well, I think I'm done with this thread. I pointed you to the link regarding
melting and Dave pointed out how things are done. If you think you can
deface them first, then melt them down, and do it legally, go for it. This
discussion has become boring. Sorry.
Ronnie McD.
It's the drugs.
>
> Well then we're back to square 1. I'd like to see where it's illegal
> to non-fraudulently deface, mutilate, etc., a penny in the CFR or the
> USC.
>
> Hell, if you're saying it's legal to squash a penny but illegal to
> melt it, then all you have to do is squash them first. Tnen it's no
> longer a penny so it's now legal to melt it.
>
Pay no attention to the self confessed druggie. He's having flash-backs.