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<p>[QUOTE="10gary22, post: 1329140, member: 23626"]Fine, but probably pretty inaccurate. The ban on melting them was only in place from 1974-78 because of melting them due to high copper prices and added again in 2006. In 1973 copper spiked and cents were actually in short supply. Banks in my area issued a candy in lieu of a cent when making change for awhile. Now I cannot say if the shortage was caused by hoarding or melting. But the ban on melting was placed in 74.</p><p><br /></p><p>So, if there was a large melt, the numbers could be way off. Today, with fuel costs as high as they are, and the deflated dollar value, melting is not as lucrative as it may have been in 1973. I know the copper prices have changed a lot, but $18,000 in profit in 1973 would buy a really nice new home. It may have been very lucrative to melt the cents in 72-73. I was too busy with other things to follow it closely.[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1329140, member: 23626"]Fine, but probably pretty inaccurate. The ban on melting them was only in place from 1974-78 because of melting them due to high copper prices and added again in 2006. In 1973 copper spiked and cents were actually in short supply. Banks in my area issued a candy in lieu of a cent when making change for awhile. Now I cannot say if the shortage was caused by hoarding or melting. But the ban on melting was placed in 74. So, if there was a large melt, the numbers could be way off. Today, with fuel costs as high as they are, and the deflated dollar value, melting is not as lucrative as it may have been in 1973. I know the copper prices have changed a lot, but $18,000 in profit in 1973 would buy a really nice new home. It may have been very lucrative to melt the cents in 72-73. I was too busy with other things to follow it closely.[/QUOTE]
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