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It is illegal to melt U.S. pennies for copper. You can go to the United States Government mint site www.usmint.gov for more information.

Every penny made before 1982 is 95% copper, and thus is worth 2.5 times its face value.

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Q: Any penny melted-down and sold as scrap metal?
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Are penny stocks a good investment?

From what I understand penny stocks seem to be subject a lot of different types of fraud such as Artificial inflation, sometimes are also sold illegally overseas. I would get some advice from a stock broker before you invest.


What is the difference between a blue chip stock and a penny stock?

A "blue chip" is the nickname for a stock that is thought to be safe, in excellent financial shape and firmly entrenched as a leader in its field. Blue chips generally pay dividends and are favorably regarded by investors when a "penny stock" is one that cost less than $5 a stock and are sold over the counter.


How do penny stocks work?

Penny stocks work just like any other stock except that there are some differences you should be aware of. The definition of a penny stock varies depending on who you ask. Some consider any stock trading under $5 to be a penny stock. Others consider any stock trading under $1 a penny stock. These stocks are often traded off of the major exchanges and are bought/sold as Pink Sheets or on the Bulletin Boards. There are large risks associated with speculation on penny stocks. These stocks can be easily manipulated by large investors including hedge funds. The bid-ask spread can be substantial and serve as a significant barrier to making profits. Also, the lack of liquidity can limit your ability to trade in and out of your investment and cause sudden price fluctuations. Another thing to consider is that very rarely, if ever, does a stock start off as a penny stock so the stock has already experienced some difficulties to get to where it is at now. Investors in these stocks should view it as a speculative bet. While the rewards could be great you could very well lose all of your investment.


What are penny stocks?

A Low-priced, Speculative SecurityThe definition of a penny stock varies depending on who you ask. Some consider any stock trading under $5 to be a penny stock while others consider any stock trading under a dollar to be a penny stock. These stocks are often traded off of the major exchanges and are bought and sold as Pink Sheets or off the Bulletin Boards. There are large risks associated with speculating on penny stocks. They can be easily manipulated by large investors like hedge funds. The bid ask spread can be large and serve as a significant barrier to making a profit. Also, the lack of liquidity can make it difficult to get in and out of your investment and cause quick price fluctuations. One thing to think about is that very seldom if ever does a stock start off as a penny stock so the stock has already had some difficulties to get to where it is at now. Anyone investing in these stocks should consider it a speculative bet. Rewards could be significant but you could very well lose everything you invested.


If your name is on the deed as a co-signer but not on the loan do you have the rights to any equity when the property is sold?

The DEED is signed by the person SELLING the house and transfers the property to the new owner(s). If your name is on the deed as one of the owners, then yes, you have a right to some of the equity. But since you said CO-SIGNER instead of CO-OWNER, I think you signed the MORTGAGE, which is one of the loan documents. "What if your name is on the DEED as 1/3 co-owner, you have never paid a penny towards the property, the property is sold, do you have rights to any of the equity?" If your name is on the deed then you are entitled to your portion of the proceeds from any sale. In fact the property cannot be sold in its entirety without your signature. The other shares can be sold and then a partion can be forced if you are a minority owner. If you are just a cosigner on the mortgage you have no rights to the equity in the property. However you need to be sure that your obligation is fully released if the property is sold. lwpat http://www.speedingticketcentral.com

Related questions

What is the measurement uded to buy scrap metal?

Scrap metal is sold by weight, in the US usually by the pound or ton.


Can lids are used for what?

they are melted and sold as scrap metal


Are air conditioner compressors recyclable?

Yes. They can be sold for scrap metal or they can be rebuilt.


What price could I get now if I sold my auto to a junkyard for scrap metal?

It depends on what type of car you have to determine what kind of cash you can get for it. You can get around $100 to $300 for scrap metal on your vehicle.


What happens to unsold cars?

A car that is in too bad of shape to sell will be sold to a salvage yard for parts and eventually it will be sold as scrap metal. It will be recycled and use to build another automobile, or product.A car that is in too bad of shape to sell will be sold to a salvage yard for parts and eventually it will be sold as scrap metal. It will be recycled and use to build another automobile, or product.


How much scrap gold is sold to online scrap gold buying companies each year?

The yellow soft gold metal scams sold in online scrap each year. Companies assays make Billion of Dollars. It's a big SCAM!


What is scrap metal price?

Scrap metal price starts at .07 USD per pound and goes up from there. Bright copper can be sold for over $3.30 per pound near me! Scrap metal price is another way of saying what is the price of scrap metal? One needs to be specific when asking this quetion as there are many different types and grades of scrap metal. Scrap metal encompasses ferrous (iron, steel, HMS) and non ferrous (copper, aluminum, zinc, base metals, etc.) metals. There are also different grades of scrap metal, for example there s prepared steel, unprepared steel, copper #1, HMS #1 etc. Each commands a different price. There are many sites on line that post prices or check with your local recycler.


What is the salvage price for a 2000 Chevy Malibu?

Where I live salvage means sold for scrap metal value, a car with out the upholstery and plastic removed has no scrap value. They will take it but not pay. If the car is clean metal no plastic etc about $0.20 pound


How much does scrap metal sell for?

Scrap Metal can be sold at your nearest scrap recycling center. To find your nearest scrap yard, go to google maps, find your town/city, and search for scrap metal recycling. Bring in your scrap metal ,and they will weight it and pay you accordingly...But make sure you clean it all up before hand for a better price. For more info, check out the How To in the related links.


Where do cars go after the junk yard?

Most of them have the usable parts stripped of off them, then the cars are crushed and sold by the pound for scrap metal.


How might one dispose of a totaled car?

A vehicle that has been totaled can be sold for scrap and parts through junk yards or scrap metal yards. Also there are several businesses that will pay a small amount of money to take the scrap from a totaled car.


Is scrap copper sold by the ounce?

No, it is sold by the pound.