Watch your pennies!

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roossy90
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2006/04/17 18:42:08 (permalink)

Watch your pennies!

http://articles.news.aol.com/business/article.adp?id=20060417094609990003&ncid=NWS00010000000001
So much for the lowly penny.. Time to check your change!
#1

9 Replies Related Threads

    dendan
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    RE: Watch your pennies! 2006/04/18 14:25:16 (permalink)
    I'm game...roadtrip this week...all pennies will be checked!
    #2
    BT
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    RE: Watch your pennies! 2006/04/18 17:22:09 (permalink)
    I thought this thread was going to be about ALL pennies. With the price of copper going through the roof, I was wondering if the copper in a penny was now worth more than $0.01. I have a large bucket of pennies--I've been throwing most of the ones I found in my pocket in the bucket since the early 80's. Anybody want to sift through it for the valuable ones?
    #3
    roossy90
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    RE: Watch your pennies! 2006/04/18 19:36:23 (permalink)
    I'll do yours, if you do mine.
    #4
    ScreenBear
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    RE: Watch your pennies! 2006/04/18 22:53:25 (permalink)
    If I'm not mistaken, the pennies minted before 1982 contain, more or less, about 95% copper, while the rest is zinc. However, those coined since are practically all zinc, and only about 2.5% copper. How's the market on zinc?
    The Bear
    #5
    BT
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    RE: Watch your pennies! 2006/04/18 23:03:54 (permalink)
    quote:
    Originally posted by ScreenBear

    If I'm not mistaken, the pennies minted before 1982 contain, more or less, about 95% copper, while the rest is zinc. However, those coined since are practically all zinc, and only about 2.5% copper. How's the market on zinc?
    The Bear


    The market on zinc is also great. In fact, the market on just about every commodity is historically good because the Chinese and Indians are sucking them all up as they go middle class.
    #6
    ScreenBear
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    RE: Watch your pennies! 2006/04/18 23:20:34 (permalink)
    Maybe we should try to convince them to go Upper Class.
    The Bear
    #7
    BT
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    RE: Watch your pennies! 2006/04/19 04:03:24 (permalink)
    quote:
    Originally posted by ScreenBear

    Maybe we should try to convince them to go Upper Class.
    The Bear


    Some of them have been doing that for centuries and are already very good at it. It's the middle class consumption thing--you know, driving 100 miles for a great burger (well, in India maybe vegiburger)--that's dramatically increasing their use of raw materials. When 2 billion or so of them move from homes built with rudimentary plumbing into new ones with copper pipes, it does wonders for the value of copper.
    #8
    Ashphalt
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    RE: Watch your pennies! 2006/04/19 12:17:56 (permalink)
    Slightly off-topic, but no more than already...

    In the Boston area we've had a rash of thefts of bronze plaques from monuments, presumably because metal prices are soaring. I'm reminded of the 70s energy crisis era when people were stealing copper gutters off homes.

    With gas and oil prices in the stratosphere I'm starting to have flashbacks. When they start telling us that a pound of hamburger = 12 ounces I'll know we're there.
    #9
    tmiles
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    RE: Watch your pennies! 2006/04/19 12:43:16 (permalink)
    We had one stolen in my town. They also were being stolen from vet graves. To their credit, scrap dealers refuse to buy them, and the thefts seem to have stopped.
    #10
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