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To: mwyounce
Not true! In 1982, the one cent piece was changed from 95% copper to 97% zinc with only a thin copper coating, because there was more that 1¢ worth of copper in the coin.

Sorry, you are wrong. It is true. The price of zinc has increased so much that the bullion value of the penny is now worth more than 1¢.

59 posted on 07/03/2006 3:21:24 PM PDT by FreedomCalls (It's the "Statue of Liberty," not the "Statue of Security.")
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To: FreedomCalls
Maybe I'm misunderstanding, but the statement didn't specify the first time for zinc. It just said that the cost to make the cent had gone over 1¢ for the first time:

For the first time, the U.S. Mint has said pennies are costing more than 1 cent to make this year, thanks to higher metal prices.

In 1982, there was more than 1¢ worth of copper in the cent, now there is more than 1¢ worth of zinc in the cent... this is the second time the Lincoln cent has cost more than 1¢ to make.

62 posted on 07/03/2006 5:13:58 PM PDT by mwyounce
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