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Metal Theft - Politics, Business, Civil, History - Posted: 13th Feb, 2007 - 2:35am
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Metal Theft
This is a growing, very costly problem.
https://seattlepi.nwsource.com/local/6420AP...etal_Theft.html
Washington Transportation Department sets up metal theft Web site
https://www.recyclingtoday.com/news/news.asp?ID=10912
More States Considering Legislation Addressing Scrap Metal Theft
This is really a problem for small metal working shops. People are breaking into their facilities and stealing their stocks of metal. I have heard of thieves going into empty houses and ripping the electrical wiring out of the walls for the copper.
It seems that construction sites are particularly juicy targets. Thieves like to take the huge spools of copper and aluminum wiring.
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Theft Metal
The other side of that coin (oooh, sorry for the pun! ) is that our U.S. pennies and nickels are worth more melted down than as actual money.
| QUOTE |
| Dec 14, 2006 - Find a penny, pick it up, and all day you'll have good luck. Find a penny, melt it, and you could get locked up. Effective today, the U.S. Mint has implemented an interim rule that makes it illegal to melt nickels and pennies, or to export them in mass quantities. With the soaring price of copper, a melted-down penny or nickel is now worth more than it would be in its regular state at face value. ....Violators of these new regulations face up to a $10,000 fine, imprisonment of up to five years, or both. This is not the first time the government has tried to put a stop to coin melting. The Department of the Treasury implemented similar regulations prohibiting the exportation, melting or treatment of silver coins between 1967 and 1969, and 1-cent coins between 1974 and 1978. |
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TOPIC: Metal Theft