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<p>[QUOTE="jcakcoin, post: 1329119, member: 29209"]I did lots of math............there was approximately 141 billion copper memorial pennies minted, which would leave approximately <b>130 billion remaining</b></p><p><b><br /></b></p><p>If there are 1 million penny hoarders in the US, and each of them had a hoard of 50,000 pennies (which is unrealistically high), then there would be <b>50 billion taken out of circulation</b>.</p><p><br /></p><p><b>That leaves 80 billion remaining</b>. If all of them kept adding 5,000 coins a year, then there would be <b>5 million taken out each year</b></p><p><b><br /></b></p><p>Let's say it is easy to find copper when there is<b> 10 billion copper pennies in circulation </b>(there are zinc pennies)<b>.</b> So, 80 - 10 = <b>70 billion taken out</b></p><p><b><br /></b></p><p><b></b>I decided to stop here <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>70/5 = 14. <b>14 years</b> is the worst amount of time these can stay alive. I used really high numbers (1 million people, 50,000 pennies) to try not to underestimate the real amount. It could be 20 years, 25 years, who knows[/QUOTE]</p><p><br /></p>
[QUOTE="jcakcoin, post: 1329119, member: 29209"]I did lots of math............there was approximately 141 billion copper memorial pennies minted, which would leave approximately [B]130 billion remaining [/B] If there are 1 million penny hoarders in the US, and each of them had a hoard of 50,000 pennies (which is unrealistically high), then there would be [B]50 billion taken out of circulation[/B]. [B]That leaves 80 billion remaining[/B]. If all of them kept adding 5,000 coins a year, then there would be [B]5 million taken out each year [/B] Let's say it is easy to find copper when there is[B] 10 billion copper pennies in circulation [/B](there are zinc pennies)[B].[/B] So, 80 - 10 = [B]70 billion taken out [/B]I decided to stop here :) 70/5 = 14. [B]14 years[/B] is the worst amount of time these can stay alive. I used really high numbers (1 million people, 50,000 pennies) to try not to underestimate the real amount. It could be 20 years, 25 years, who knows[/QUOTE]
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