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<p>[QUOTE="CopperJacket, post: 1352412, member: 35742"]There's a simple reason more and more people are collecting copper pennies: its just plain smart. We saw the rapid disapearace of silver dimes when the U.S. switched to the sandwhiched copper and nickel version in the mid-60'sbecouse of an inflated dollar and spikse in the price of silver. Astoundingly, virually all silver currency was depleated within 5-6 years. </p><p><br /></p><p>What happened in the 1970's? The same thing. Inflation hit all-times highs (again) and the price of copper sored. This caused the materials in the penny to be worth more than the penny itself! So the U.S. ment began minting cheaper zink pennies, which costs far less to mint. However, we did not see the speedy evaporation of copper pennies like we did in the 1960's...</p><p><br /></p><p>Nontheless, if you where to go a bank and ask for a roll (50 cents) of pennies, you would only find about 8-12 copper pennies. They are disapearing. And eventually the copper peny will be quite a rare find indeed.</p><p><br /></p><p>Thanks for reading yet another exceedingly tiresome lecture,</p><p>CopperJacket[/QUOTE]</p><p><br /></p>
[QUOTE="CopperJacket, post: 1352412, member: 35742"]There's a simple reason more and more people are collecting copper pennies: its just plain smart. We saw the rapid disapearace of silver dimes when the U.S. switched to the sandwhiched copper and nickel version in the mid-60'sbecouse of an inflated dollar and spikse in the price of silver. Astoundingly, virually all silver currency was depleated within 5-6 years. What happened in the 1970's? The same thing. Inflation hit all-times highs (again) and the price of copper sored. This caused the materials in the penny to be worth more than the penny itself! So the U.S. ment began minting cheaper zink pennies, which costs far less to mint. However, we did not see the speedy evaporation of copper pennies like we did in the 1960's... Nontheless, if you where to go a bank and ask for a roll (50 cents) of pennies, you would only find about 8-12 copper pennies. They are disapearing. And eventually the copper peny will be quite a rare find indeed. Thanks for reading yet another exceedingly tiresome lecture, CopperJacket[/QUOTE]
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