The price of zinc keeps climbing, meaning that if it keeps up this same trend, soon every penny in circulation will be worth more than face value. The total melt value of a zinc (post-1982) penny today was $.009586, just shy of face value. If zincs become worth more than face value and keep climbing like the coppers did, I think the US Treasury is going to have to do something about it, they cannot keep producing pennies at a loss. I see them either changing the composition of the penny to steel or completely doing away with it. Remember, a copper penny became worth more than face value only 2 years ago.
Running Totals:
Copper Cents: 2650
Nickels: 1000
Face Value: $76.50
Metal Value: $158.77
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