Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: P.O.E.

Pennies were copper until 1982, I think and the metal content got changed in other coins. People are hoarding copper.


2 posted on 03/22/2022 5:18:52 PM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: dynachrome

Bad link


3 posted on 03/22/2022 5:21:02 PM PDT by granite (The heart of the wise inclines to the right, but the heart of the fool to the left.Ecclesiastes 10:2)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: dynachrome

Pennies changed from 95% copper & 5% zinc in mid-’82. Those are worth about $0.03 each right now - but they’re illegal to melt down. It is now 97.5% zinc...and, surprisingly, its melt value is very slightly above $0.01. So the government loses money on every cent that they produce (and, of course, you have to add in mintage and shipping costs).

No other coin’s composition has changed since then. I can understand why nickels aren’t there - its melt value is about $0.07, and was close to $0.09 last week when nickel spiked (they’re also illegal to melt). But ALL nickels (except the War Nickels) have had the same composition for over a century, so why those from the 70s and 80s would be missing I don’t know, other than that so many new ones have been made. War nickels are worth close to $1.40.

Dimes, quarters and halves have a melt value of about 30% of their face value.

More details here: https://www.coinflation.com/coins/basemetal_coin_calculator.html

Silver coin melt value calculator: https://www.coinflation.com/coins/silver_coin_calculator.html


7 posted on 03/22/2022 5:27:36 PM PDT by Ancesthntr (“The right to buy weapons is the right to be free.” ― A.E. Van Vogt, The Weapons Shops of Isher)
[ Post Reply | Private Reply | To 2 | View Replies ]

To: dynachrome

Dime and quarter composition has remained the same since ‘65...nickels longer than that. 75% or more copper, the rest nickel. A lot of people are separating out copper cents, myself included.


8 posted on 03/22/2022 5:28:11 PM PDT by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
[ Post Reply | Private Reply | To 2 | View Replies ]

To: dynachrome

I wouldn’t draw too many conclusions from one stash of coins. What were the factors determining what you put into it? Are you finding lots of nickels from the ‘50s snd ‘60s? I go through rolls looking for things, and I can make some generalizations based on what I’ve seen, but it’s a pretty small window into what the big picture might be.


17 posted on 03/22/2022 5:43:47 PM PDT by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
[ Post Reply | Private Reply | To 2 | View Replies ]

To: dynachrome

Pennies are zinc now.

Deadly to dogs.

I hate them and usually don’t even accept pennies in change unless they’re copper.


30 posted on 03/22/2022 6:08:58 PM PDT by Salamander (Please visit my profile page help save my beloved dog's life. https://www.givesendgo.com/G2FUF)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson