Lincoln Penny $$$ - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 8 / Views: 1,162
atlashealth Pillar of the Community United States 1691 Posts	Posted 02/18/2008 5:40 pm Did you know that Congress is considering passing legislation to allow the melting of copper cents? At $3.50 per pound there are about 145 cents to a pound and from 1981 back they are 95% copper...Canadian are 97+% copper before 1997.That's $2+ for every pound of copper pennies! Saving Lincoln memorial cents(1958 to 1981)& Canadian cents(before 1997)will be worth your while,I think Report this Post to the Staff

zacharycash Pillar of the Community United States 668 Posts	Posted 02/18/2008 5:43 pm Im just wondering why they would do that? Report this Post to the Staff
ceaton Pillar of the Community United States 1179 Posts	Posted 02/18/2008 5:54 pm I realized quickly that it is not worth my time. Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 02/18/2008 7:07 pm If you are already going thru rolls of cents, like I am, it seems like a no brainer. I'm throwing all my coppers in a bucket, just in case. Jim Report this Post to the Staff
zacharycash Pillar of the Community United States 668 Posts	Posted 02/18/2008 7:11 pm But why would congress make it legal? What is the point? So the mint has to make more? Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 02/18/2008 7:28 pm Zach, if they do discontinue the cent after 2009 (speculated) and it is not considered a circulated coin, they probably could not stop it. It would seem that it would not longer fall into the category called "defacing currency". Jim Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/19/2008 12:15 pm Naturally the melting down of any coins is depending on where you live, who you know, how many you have, etc. Around where I live the melting of coins is as common as the melting of wires BORROWED from construction sites. Metal acquisitions of all types, varieties, quantities and the smelting of such is so common around here that I didn't think anyone even considers it against the law. This law is observed as much as the one against spitting on the street. Report this Post to the Staff
chill Valued Member United States 60 Posts	Posted 02/19/2008 12:25 pm Do you have a link to the news story? Report this Post to the Staff
ouzo66 Valued Member United States 60 Posts	Posted 02/19/2008 1:55 pm From a purely financial standpoint, most wheat cents are worth more than the melt value (currently about $.024/coin). You would be better off selling them on ebay. And on top of that, the prospect of them being melted should raise their value. Report this Post to the Staff
	Replies: 8 / Views: 1,162

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.25 seconds to rattle this change.