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.

6 comments:

  1. plaguewcSeptember 12, 2011 at 6:20 PM

    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.

    ReplyDelete
  2. goboy9September 12, 2011 at 7:50 PM

    every penny counts....

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