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<p>[QUOTE="calcol, post: 3552457, member: 77639"]It won't really matter whether anyone wants to keep the penny once the zinc and that tiny bit of copper in it attain a value greater than one cent. Inflation will ensure this will happen in the not too distant future. At the current price of zinc ($1.23/lb), there's about 0.7 cent-worth of zinc in a cent coin. 123 cents/lb x lb/454 g x 2.5 g/coin = 0.68 cents/coin.</p><p><br /></p><p>When there is a bit more than a cent's worth of zinc in the penny, they'll go in the pot. It won't matter that it may be illegal to melt the little darlings. It didn't matter in the sixties when silver coins were being melted. Once coins become big hunks of scrap metal, their origin is mute. And zinc has a much lower melting point than silver (787 vs 1,783 F), so a lot more folks can participate.</p><p><br /></p><p>Of course with silver, it was possible to substitute cheaper metals for coinage. Zinc is pretty much bottom of the barrel for metals. Plastic pennies anyone?</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3552457, member: 77639"]It won't really matter whether anyone wants to keep the penny once the zinc and that tiny bit of copper in it attain a value greater than one cent. Inflation will ensure this will happen in the not too distant future. At the current price of zinc ($1.23/lb), there's about 0.7 cent-worth of zinc in a cent coin. 123 cents/lb x lb/454 g x 2.5 g/coin = 0.68 cents/coin. When there is a bit more than a cent's worth of zinc in the penny, they'll go in the pot. It won't matter that it may be illegal to melt the little darlings. It didn't matter in the sixties when silver coins were being melted. Once coins become big hunks of scrap metal, their origin is mute. And zinc has a much lower melting point than silver (787 vs 1,783 F), so a lot more folks can participate. Of course with silver, it was possible to substitute cheaper metals for coinage. Zinc is pretty much bottom of the barrel for metals. Plastic pennies anyone? Cal[/QUOTE]
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