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Question: Why are some uk bronze coins now magnetic?

(Posted by: myklo on 2008-04-02 03:01:04)

I have noticed that some recently minted one penny coins are magnetic. Is this something to do with coin operated machines?

Answers:

Posted by: Tiger Roar on 2008-04-02,03:50:34

There is very little copper left in U.K. pennies. As of 1992, steel has been added making them magnetic. Some coins such as the pound are part copper and nickel. Cheaper metals are used so the coins scrap value dosen 't exceed its numeric.

Posted by: Dalli the Lama on 2008-04-02,03:08:45

Nope. Copper is too expensive. The old ones are worth more melted down for their Cu than their face value. They are putting more iron in it.

Posted by: exustrek on 2008-04-02,03:14:06

I heard that it was nickel in them. That 's a magnetic metal too.

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