The Angry News - Melt down your change!

[violetvwatson]

Under the new rules, it is illegal to melt pennies and nickels. It is also illegal to export the coins for melting.

Violators could spend up to five years in prison and pay as much as $10,000 in fines. Plus, the government will confiscate any coins or metal used in melting schemes.The rules are similar to those enacted in the 1960s and 1970s, when metals prices also rose, the Mint said. Before today's new regulations, it was not illegal to melt coins.

[AngryAussie]

@violetvwatson Actually, those are old rules. There's just more reason to break them now.

[tapout320]

Becussssee wurking wood bee tu haad!! Timeless

[AngryAussie]

@tapout320 Yes it would be

[ScorpioBornIn69]

I think this law will dropped at least for the pre1982 cents. First of all, they're not being minted any more and they now only take up about 20% of the total pennies circulating today and will only shrink more with time and as more people hoard them for their copper content. I would write to the Treasury about lifting this ban for the pre1982 cents. As for the zinc cents and nickels, the law will gone on for some time.

[AngryAussie]

@ScorpioBornIn69 You go with that

[ScorpioBornIn69]

@AngryAussie They outlawed melting silver coins back in the 1970s till when silver got very high in 1979, it was lifted. I see the same out come for at least the pre1982 cents when either copper hits $10 a pound or higher or when almost all the pre82s are pulled out of circulation. As for nickels and the post1982 zinc cents, this law will go on for quite some time unless they quit making these coins. Only time will tell this one.

[AngryAussie]

@madmankitchen Hooray for you

[abcpools]

why tilt your head when you talk

[AngryAussie]

@abcpools Why not?

[skeebert]

I'm going to cash in a bunch of money for nickels and melt it. Not because I'm a low life, but because thats called "fucking the system" and when you can gain from the systems mistakes, WHY THE FUCK NOT!

[skeebert]

@skeebert lol P.S. I have a full time job as a contractor.

[AngryAussie]

@skeebert Apart from the fact it's illegal

[skeebert]

@AngryAussie Apart from work, 50% of my life is spent on the wrong side of the law.

Melting coins is probably the smallest demeanor I would be involved in, should I chose to try it. Thanks for your reply! =D

[ScorpioBornIn69]

@AngryAussie I think this law will be dropped at least for the pre1982 cents. First of all, they're not being minted any more and they now only take up about 20% of the total pennies circulating today and will only shrink more with time and as more people hoard them for their copper content. I would write to the Treasury about lifting this ban for the pre1982 cents. As for the zinc cents and nickels, the law will gone on for some time. They did this with silver coins back in the '70s.

[TadRapidly]

wait just a minute!! You seem to be saying that governments are DISHONEST???!!!

;-)

[AngryAussie]

@TadRapidly Heaven forbid

[arch571332]

I Just save nickels and ... pennies made before 1983. That way if the dollar ever collapses I will have some real money.

Saving other metals like gold and silver doesn't hurt either.

[AngryAussie]

I guess so

[vickiormindyb]

So they'd rather risk receiving a fatal shock instead of work for a living? That's a tad bit weird.

[AngryAussie]

People take very stupid risks

[CanaanSGl]

I'll use my Death Note!

[AngryAussie]

hahahahah fair enough

[1ToNJaB]

youre right, why melt pennies! I'm going to rob people on the street instead... thanks Angry man.

[AngryAussie]

It's all about planning

[1ToNJaB]

Once STEEL goes up in price in 50 years, they will say the same- not to melt STEEL pennies. When you cash in your steel pennies, they melt it themselves. When you buy pennies from a bank it will be 100% Stone Pebble Pennies... cause after Steel, I don't know whats left... maybe Lead Penny. ?

[1ToNJaB]

If I bought Canadian Gold Bullion coins that are 99.99% pure, I should be able to melt it and make jewlery if I please. The banks don't want you to melt coins, because they want to instead. When you cash high quality Copper or Nickle coins at the bank they keep it; when you go into a bank to get a roll of pennies, they give you the 2008 STEEL penny. Its similar to when Banks told citizens in the States to give up their gold or you go to prison.

[jiantj07]

I see this shit everyday..I work at a metal recycling company called omni source....and we get in sooo much stolen merch..that we have a cop that sits in the retail area just to run checks on all of our product...its rediculous

[AngryAussie]

I bet you have cops way more often now!

[Panomoney]

price is close to $4 a lb.... those cables are no joke 136 pre 1982 pennys make a lb of copper buy 10,000 coins for $100 + a small fee melt down the coin and sell the bars you make for $300ish after the fee thats $180proft.... do now times that buy 10 and do it 1 day a week thats $1800 a week for 1days worth of "work"

[AngryAussie]

More and more copper is getting stolen.

[Panomoney]

i know hhahaha (job site)

[ScarlettKitsune]

Why bother. Its not like its going to give you a massive profit really, is it? Unless they stole HUNDREDS of cables. ^^;

[Dan1234111]

Anyone wanna buy a light post

[AngryAussie]

Seriously, this is getting worse - people ripping up fences and taking overhead power cables from train lines.

[suonatar1]

We have the same criminals!

My train was stuck in a middle of nowhere for over an hour, because some asshole have stolen copper cables.

[AngryAussie]

Yep, this is happening more often in Australia now.

[b00b00bs]

I love that you just said "suckass".

I actually laughed.

[AngryAussie]

That was my goal :)

[b00b00bs]

It sounds so funny when it's said in our accent.

Although I honestly don't think we have one. The rest of the world does, I say!

[AngryAussie]

Damn straight - they need to learn to talk normally.

[b00b00bs]

Hahahaha

Damn right,

[Unsweet]

OH MY GOD, THAT'S GENIUS! <Running out to the garage with her jar of change.>

[AngryAussie]

And the prices have gone up further since I did this!

[celtic2004]

Recently there were a trio of people attempting to steal copper wiring from a power substation. One of them got electrocuted in the process and his buddies ran off but reportedly one of them came back to provide info to the authorities.

Another group of geniuses burned down a warehouse in New York City attempting to burn away the insulation from some wiring they acquired.

[AngryAussie]

HAHAHAHAHAHAHA morons of the world unite!

[perkoff]

Angry Ahole.

[AngryAussie]

You shouldn't eat curry if you can't handle it.

[perkoff]

Zzzzzz....wake me up when you get entertaining.

[AngryAussie]

While it's fun to watch you make a fool of yourself publicly, you'd be doing everyone a favour, yourself most of all if you just fucked off and got a life.

[robbylovesanime]

angry angry angry angry ausie au au au au au au ausie au au au au ausie ausie angry angry angry angry ausie au au au au ausie, coins!!!

[AngryAussie]

That's the one!

[theestranger]

Ha! Kind of reminds me of that episode of Seinfeld where they scam a mail truck to ship bottles and cans for the extra 5 cent deposit.

[AngryAussie]

Oh yeah, and they drive interstate and end up losing them all.

[TheSuburbanLegend]

Wow,that was great.

[AngryAussie]

Thanks!

[RiverBirch1967]

So if I melt down coins, will it be worth the same amount as the bullet I can mold it into?

[AngryAussie]

There's a question for all the survivalists stockpiling ammo: are those bullets worth more than you paid for them?

[jbre5]

You are the best . You always give me a chuckle to start the day with , and the bitch of it all it's always true.

Yoyr friend Jim

[AngryAussie]

I'm not bullshitting when I say "that's the news and that's the truth"

[TheOCrulz]

Haha... that may actually be quite profitable - if you own tons of coins :D :D :D

and yep here they're also stealing every fucking peace of metal that isn't big enuf to carry away - even statues from the park get melt down ^^

[AngryAussie]

Yep,they never cease to amaze.

[MokongX3M]

Bond: Now that you caught me, at least tell you're evil plan before I die

Villian: Well Mr. Bond, it's simple, my men are busy tracking down every 5 cent and 1 cent coin they can find, we will melt them down then sell them for their metal market value.

... News on TV: In a sudden shock, metal prices have taken a nose dive

Villian: WHAT? NNNNOOOOO

Bond: HAHAHA, pwned

[AngryAussie]

Yes, not up to normal bond villain standard.

[RandomEdd]

I´ll tell you what happend to criminals with guns. There "job" became to dangerous and risky. And those criminals stealing live electrical wires, only one word for those maniacs: Toasted.

[AngryAussie]

Yep, crispy fried crims.

[RandomEdd]

Testy *laughing*.

[ITS370H55V3W]

pmsl imagining crims weighed down with loose change. they could make a quicker and easier buck stealing your car radio.

[AngryAussie]

Yeah, it doesn't make sense.

[orbvious]

That is so silly, they haven't taken the cost of the energy required into account. There is no way that is a serious problem and not to mention the cost of making the mint to actually make the coin. Anyway I must admit it isn't the silliest thing I have heard come out of America lol

[AngryAussie]

Could you image someone trying to collect, say, $20,000 worth of 1c pieces? The logistics are impossible. This whole story is crap.

[spikeydoodthe2nd]

and also the criminals in australia STEAL taps from local school in melbourne

[AngryAussie]

Yeah, people will steal metal from just about anywhere.

[curt344]

Actually... I've been carelessly letting coins pile up in a jar here. NOW I know what to do with them. THANKS!

[AngryAussie]

Yes, NOW is the time to cash them in, but at a scrap metal yard, not the bank.

[buster44]

HEY!!!! Don't dis our criminals like that. We got good criminals too...ya know!!!

[AngryAussie]

The good criminals should step up and deliver a smackdown to the loser criminals.

[rockinjellyfish]

in my community crooks have been stealing memorial plaques placed on park benches for the brass.

[AngryAussie]

Yeah, there's no limit to how low some people will go.

[TheSonOfCulture]

rofl, do you know how much money it would cost just to melt down all those coins? Awesome.

[AngryAussie]

Exactly!  This isn't exactly the work of criminal masterminds.

[TheSonOfCulture]

Maybe they are neurotic criminals that compulsively feel copper should always be in ingots.

[AngryAussie]

It could be that, maybe they're scared of coins and want to melt them all!

[fawful67]

Another nice video. I loved it! :)

[AngryAussie]

Thanks!

[fireghoust]

man melt a coin witch is a lot of money for 8cents man people get dummer and dummer

[AngryAussie]

Yeah, not worth the effort really.