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A penny, on its face, is worth one cent. $0.01 U.S. dollars. On the other hand, that same penny -- if melted down for the copper it contains -- could be worth quite a bit more. Due to the fact ...
Currently, pennies are 97.5% zinc and 2.5% copper, and at current prices of those metals, each new penny has a theoretical "melt value" -- what you'd get if you melted down pennies and sold the ...
You can also try selling your copper coins on Ebay or Craigslist to investors who are betting that the law against melting copper coins will one day change, therefore opening up a whole new market ...
When copper reached a record high in February 2011, [47] the melt value of a 95% copper cent was more than three times its face value. As of January 21, 2014, a pre-1982 cent contained 2.203 cents' worth of copper and zinc, making it an attractive target for melting by people wanting to sell the metals for profit.
Indonesia demonetized its 10-rupiah coins on November 15, 1996 and 25 rupiah coins on August 31, 2010; it had also stopped producing 50 rupiah coins since 2003. Mexico's new peso transition in 1993 made the five-centavo coin the smallest denomination of the new currency. In 2009, new coins were minted only for the 10, 20 and 50 centavo ...
An elongated coin (also known as a pressed penny or smashed penny) is a coin that has been flattened or stretched, and embossed with a new design. Such coins are often used as commemorative or souvenir tokens, and it is common to find coin elongation machines in tourism hubs, such as museums, amusement parks, and natural or man-made landmarks .
The typical penny is around 97.5% zinc and only 2.5% copper. Since 1982, copper-plated pennies have been made primarily from zinc. ... Freeport earned a profit of $6.9 billion last year on $25.5 ...
These coins are graded with a description which lowers the coin's value by 90%. [14] [16] Dipping: The coin is dipped into a dilute acid solution that removes the oxidation from the coin along with a small amount of metal. Overdipped coins result in loss of luster which lowers the coin's grade and appeal. [12] [9] Ivory soap and Water