Value Of Pennies - Coin Community Forum

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

Author	Replies: 6 / Views: 952
merv1818 New Member United States 2 Posts	Posted 01/03/2006 1:07 pm Is the present content of a penny worth more than a penny? Report this Post to the Staff

Metalman Pillar of the Community United States 7123 Posts	Posted 01/03/2006 2:45 pm The last info That I saw on this,About 2 months ago,pennies were edging very close to being even with the cost of production, Im not sure which forum I saw that on, but I remember nickles were the most profitable for the mint to produce. Pennies the least. Rick Report this Post to the Staff
merv1818 New Member United States 2 Posts	Posted 01/03/2006 2:48 pm What about older pennies Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 01/03/2006 2:57 pm pre 82 cents would not be IMO considered into the cost of production today, but they would be considered into the spot price of copper,, I have seen conversation regarding what will happen when copper overtakes the the number of cents in a pound, some believe that cents will be melted and recycled perhaps by the FED itself when the spot rises to a point where it would make it profitable, but on the smaller scale I dont see this happening in any great amount. Rick Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 01/03/2006 4:28 pm Just how many pennies does it take to make a pound? I used to know but I have slept since then! Report this Post to the Staff
zakgold Valued Member United States 382 Posts	Posted 01/03/2006 5:28 pm 126.5 Pre-1982 pennies would equal a troy pound which precious metals are weighed in (373.20 grams or 12 troy oucnes). Remember, a troy ounce is differant than a "supermarket" ounce (avdp.) which is MORE or 31.1 grams. Since a pre-1982 cent weighs 3.11 grams times 95% copper, that means 2.95 grams of copper per pre-82 cent. 373.20 divided by 2.95 equals 126.5 pennies per troy pound. That of course is assuming none of the copper is lost during the refining process which is sure to happen through any melting process. Report this Post to the Staff
Yass Pillar of the Community Australia 652 Posts	Posted 01/03/2006 8:11 pm quote: Originally posted by crystalk64 Just how many pennies does it take to make a pound? I used to know but I have slept since then! 3 to a trey, 6 to zack, 12 to a deenar, 24 to 2 bob, 120 to 10 bob and 240 to a quid. Double that if you want to know how many hapennies in a pound. Sorry fellahs, some darkside humour Report this Post to the Staff
	Replies: 6 / Views: 952

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

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial 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 0.24 seconds to rattle this change.