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Walter Bushell
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 Posted: Mon Jun 09, 2008 9:02 am Post subject: Re: OT: No more 13-year-old girls in my harem |
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In article <6b34cqF384op9U1@mid.individual.net>,
"alwaysaskingquestions" <alwaysaskingquestions@gmail.com> wrote:
| Quote: |
"J. J. Lodder" <nospam@de-ster.demon.nl> wrote in message
news:1ii7lq0.8iyo7pg69zjgN@de-ster.xs4all.nl...
Paul J Gans <gans@panix.com> wrote:
Josh Hayes <joshno@spamblarg.net> wrote:
Walter Bushell <proto@xxx.com> wrote in
news:proto-34D285.21294504062008@
70-1-84-166.area1.spcsdns.net:
The United States is a pyramid scheme; have you looked at a one dollar
bill lately?
Not much point; you can't buy anything with one.
Sure you can. You can buy 100 pennies, the copper content
of which is worth $1.06.
We live in a strange country.
They disappear when the difference becomes greater.
(as happened in some European countries with the cent coins)
British 'silver' coins minted up to 1920 contained 92.5% silver, the rest
copper (known as 'sterling silver'); from 1921 to 1947 they contained 50%
silver and 50% copper; after 1947 the silver/copper alloy was replaced
completely with a cupro-nickel alloy (except for Maundy coins and special
issues).
I remember a time back in the 1970's when the price of silver went through
the roof and coins from before 1947 became worth more than their tender
value and people used to buy them at a premium price, presumably for
eventual melting down.
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Remember the British Pound was valued at a pound of sterling silver.
--
What is done in the heat of battle is (normatively) judged
by different standards than what is leisurely planned in
comfortable conference rooms. |
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J. J. Lodder
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| Posted: Mon Jun 09, 2008 11:02 am Post subject: Re: OT: No more 13-year-old girls in my harem |
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Bob Casanova <nospam@buzz.off> wrote:
| Quote: |
On Sat, 7 Jun 2008 22:18:39 +0000 (UTC), the following
appeared in talk.origins, posted by Paul J Gans
gans@panix.com>:
Josh Hayes <joshno@spamblarg.net> wrote:
Walter Bushell <proto@xxx.com> wrote in news:proto-34D285.21294504062008@
70-1-84-166.area1.spcsdns.net:
The United States is a pyramid scheme; have you looked at a one dollar
bill lately?
Not much point; you can't buy anything with one.
Sure you can. You can buy 100 pennies, the copper content
of which is worth $1.06.
That changed when the penny changed to copper-plated zinc in
1982; the current copper content is only 2.5%. Of course,
pennies made prior to then (other than those made in 1943)
still qualify for your claim.
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Eurocents are even safer from future melting down:
they are copper-plated steel.
| Quote: |
We live in a strange country.
*Everyone* lives in a strange country.
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Most people don't think so:
they believe all those other people live in strange coutries.
Americans for example had to be told by Heinlein,
Jan |
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J. J. Lodder
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| Posted: Mon Jun 09, 2008 11:02 am Post subject: Re: OT: No more 13-year-old girls in my harem |
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Paul Ciszek <nospam@nospam.com> wrote:
| Quote: |
In article <okno44l2o7286jogingqjboc3hg7a8k0fq@4ax.com>,
Bob Casanova <nospam@buzz.off> wrote:
On Sat, 7 Jun 2008 22:18:39 +0000 (UTC), the following
appeared in talk.origins, posted by Paul J Gans
gans@panix.com>:
Josh Hayes <joshno@spamblarg.net> wrote:
Walter Bushell <proto@xxx.com> wrote in news:proto-34D285.21294504062008@
70-1-84-166.area1.spcsdns.net:
The United States is a pyramid scheme; have you looked at a one dollar
bill lately?
Not much point; you can't buy anything with one.
Sure you can. You can buy 100 pennies, the copper content
of which is worth $1.06.
That changed when the penny changed to copper-plated zinc in
1982; the current copper content is only 2.5%. Of course,
pennies made prior to then (other than those made in 1943)
still qualify for your claim.
Nickels supposedly contian 5.8 cents worth of copper and nickel, but
I don't think that means you could melt them down at a profit, since
you can't separate them into the two component metals easily, and
the only thing 25% nickel 75% copper alloy is used for is coinage.
The mint might get suspicious if you offered to sell it ingots with
a composition identical to nickels, convenient though that might be
for them.
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I smell a perpetual motion here,
Jan |
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J. J. Lodder
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| Posted: Mon Jun 09, 2008 11:02 am Post subject: Re: OT: No more 13-year-old girls in my harem |
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alwaysaskingquestions <alwaysaskingquestions@gmail.com> wrote:
| Quote: |
"J. J. Lodder" <nospam@de-ster.demon.nl> wrote in message
news:1ii7lq0.8iyo7pg69zjgN@de-ster.xs4all.nl...
Paul J Gans <gans@panix.com> wrote:
Josh Hayes <joshno@spamblarg.net> wrote:
Walter Bushell <proto@xxx.com> wrote in
news:proto-34D285.21294504062008@
70-1-84-166.area1.spcsdns.net:
The United States is a pyramid scheme; have you looked at a one dollar
bill lately?
Not much point; you can't buy anything with one.
Sure you can. You can buy 100 pennies, the copper content
of which is worth $1.06.
We live in a strange country.
They disappear when the difference becomes greater.
(as happened in some European countries with the cent coins)
British 'silver' coins minted up to 1920 contained 92.5% silver, the rest
copper (known as 'sterling silver'); from 1921 to 1947 they contained 50%
silver and 50% copper; after 1947 the silver/copper alloy was replaced
completely with a cupro-nickel alloy (except for Maundy coins and special
issues).
I remember a time back in the 1970's when the price of silver went through
the roof and coins from before 1947 became worth more than their tender
value and people used to buy them at a premium price, presumably for
eventual melting down.
|
The same happened in several countres.
A lot of table silver was melted down too.
The speculation against silver eventually failed.
And now wildly off-topic:
the reason for the failure seems to have been
that there was much more silver lying around in Asia
than anyone had thought.
It was originally south American silver,
brought to Asia by Dutch and English traders,
who paid cash.
When the silver price went through the ceiling
enough of it resurfaced
to make cornering the market
by buying it all up impossible.
Jan |
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