Mutilated Coin Processing - Scrap Metal Value

The scrap value payable by the Mint is based on the lesser of face value and the average London Metals Exchange price, for metal components in the coin’s alloy, over the calendar month preceding the claim less a fee reflecting losses, handling and administration fees incurred by the Mint.

Alloy

scrap value payable / kilogram

cupro-nickel ( 5c, 10c, 20c & 50c )

$7.97

aluminium bronze ( $1 & $2 )

$6.52

November 2017 prices - December 2017 redemption