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RE: How To Get Rich From Pennies
If you find older pennies; the ones that are mostly copper, the melt value is about 3 cents.
If you find older pennies; the ones that are mostly copper, the melt value is about 3 cents.
Correct, 1981 or earlier are copper. 1982 is the year that they switched to zinc, so take a closer look to distinguish those ones.
It's interesting how scarce some coins become when the metal content changes. In the 1980s (and likely well before) you almost never found a pre 1965 quarter or dime because those were primarily silver and worth significantly more than face value. Yet today, even though a 1965 quarter is more than 50 years old they are still very common. If you pay attention, you'll notice that pre 1982 pennies are becoming more scarce. Nowhere near as scarce a silver but still harder to find then they were a few years ago...
Bad money drives out the good