Monday, September 12, 2011
Saving Copper Pennies as an Investment
HerWell, as of right now, it is illegal to melt any pennies. A pennies still worth only a penny if it can't be melt. The only usage of copper right now is for thermo and electrical conduction because of it is cheap. In the future, I expect demand of copper will drop. Something with much better electrical conduction is already available. In 10-15 years,the manufacturing process would replace copper in electronics and electrical applications.e is my copper hoard. Copper is around $4.30 a pound which makes a copper cent worth almost three times its face value.
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The problem with your logic is that pennies after, and dont quote me i don't think this is the correct year, something like 1986 are not solid copper. they have a magnesium core. I remember doing an experiment in chemistry class where we filed two notches in a penny soaked em in an acid and hollowed out pennies. there is very little copper, almost none at all, in pennies nowadays. Sorry to spoil your fun.
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