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Message:: [QUOTE="Eskychess, post: 107801, member: 4692"]I heard that the price of copper because of demand has surpassed the amount of the value of one cent. 1981 and before pennies are 95% copper and I don't know if I'm correct, but one pound of pennies is about 135 coins - and one pound of melted copper bullion is going for $1.79 - (Can anyone verify this?) ... If this is so, say good bye to pennies from 1981 and before as a profit of $.44+/pound should start having MANY avid people sorting through these pennies and selling them or melting them for a quick buck. This would seem to be good for the US government as well if this is the case too because with the money destroyed (Which I thought there was a law you couldn't destroy money?) - they will need to reissue more coins and the whole process is beneficial economically and to the mint that produces the coins. Not to mention all of our collectable Lincoln Cents will go up in value as well with the diminished amount. This must be quite the same feeling as in 1959 when the penny changed from Wheatback to the Lincoln Memorial reverse.... If the price of copper continues to rise, we'll be talking about the days when one could get a copper penny! Any info or replies to the correctness of this post would be much appreciated. I don't claim to be an expert and this is only what I heard, but it did make sense. Thanks - Esky[/QUOTE]