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Does Fed melt bronze for profit?
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<p>[QUOTE="gatzdon, post: 288877, member: 8247"]It's simple. Do the math.</p><p><br /></p><p>The cost of replacing a copper penny from circulation is the cost of making a zinc cent plus 1¢. If I'm not mistaken, that comes to about 2.8¢. Add to that, the cost of "Sorting" out the copper cents. I think that places the cost of replacing a </p><p>copper cent at more than the money they would reap from melting a copper cent. </p><p><br /></p><p>Doesn't make fiscal cents yet.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="gatzdon, post: 288877, member: 8247"]It's simple. Do the math. The cost of replacing a copper penny from circulation is the cost of making a zinc cent plus 1¢. If I'm not mistaken, that comes to about 2.8¢. Add to that, the cost of "Sorting" out the copper cents. I think that places the cost of replacing a copper cent at more than the money they would reap from melting a copper cent. Doesn't make fiscal cents yet.:)[/QUOTE]
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