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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 ...
The other coins are worth more than their production expenses. Dimes cost about 5.8 cents, quarters cost 14.7 cents and half dollars cost about 34 cents, according to the Mint.
This penny somehow missed the 1944 transition from steel-coated zinc to copper, and it’s worth a fortune as a result. Just two copies of the San Francisco-minted version remain.
This leads to the possibility of smelters taking coins and melting them down for the scrap value of the metal. Pre-1992 British pennies were made of 97% copper; but as of 2008, based on the price of copper, the value of a penny from this period is 1.5 new-pence. Modern British pennies are now made of copper-plated steel.
Before you toss your old pennies in the coin jar, take a closer look at them. They could be worth thousands of dollars to avid coin collectors -- that a lot of money for pennies. Also see this 2004...
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.
Cast coinage refers to coins made by pouring melted metal into a mold, i.e. casting. It has been used for regular coins, particularly in East Asia, but also other areas on a smaller scale (e.g. the ancient Mediterranean world). The method differs from the current mode of coin production, which is done by striking coin blanks that have been cut ...