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Rising zinc price to doom the penny?
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<p>[QUOTE="calcol, post: 2486859, member: 77639"]Previous post was inside the QUOTE. Sorry.</p><p><br /></p><p>Copper cents are not worth more than face value in zinc content. There are 182 pennies in a pound ($1.82 face), and zinc price is currently about $1/lb. So, there is only 0.55 cent worth of zinc in a cent. It costs somewhere around 1.7 cents to make a penny, but most of the cost is manufacturing, transportation, administration, etc., not metal.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2486859, member: 77639"]Previous post was inside the QUOTE. Sorry. Copper cents are not worth more than face value in zinc content. There are 182 pennies in a pound ($1.82 face), and zinc price is currently about $1/lb. So, there is only 0.55 cent worth of zinc in a cent. It costs somewhere around 1.7 cents to make a penny, but most of the cost is manufacturing, transportation, administration, etc., not metal. Cal[/QUOTE]
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