Anyone wanna go into business with me melting down pennies and selling the cooper
2006-07-09 15:27:38 · 10 answers · asked by bobby 3 in Politics & Government ➔ Government
They're waiting for the price of copper to go down or to find a new material to make the penny out of.
As for selling copper pennies you would need 153 pre-1982 pennies to sell as a pound of copper at $3.75. That is 2.5 cent for each penny.
But I don't no any recycling place that will do that.
2006-07-10 20:38:16 · answer #1 · answered by Man 6 · 1⤊ 0⤋
I'm guessing that is why they are trying to stop the production of the coin. It makes me sad to think of, but in about 50 years, the penny might be a collector's item. I really just like the penny because then cars will be 1499.99 instead of 1500 dollars. The same with candy bars and the whole 99 cent thing.
2006-07-09 15:30:39 · answer #2 · answered by newsblews361 5 · 0⤊ 0⤋
Well its not been made of copper in a long time. It's just made of some alloys. Unless you have some old pennies, you not gonna make a profit by melting the majority of pennies that you have.
2006-07-09 15:31:33 · answer #3 · answered by Tahmid R 3 · 0⤊ 0⤋
How stupid can "they" be. This happens in every currency around the world at some point. There is nothing you can still buy for 1 cent. Used to be bazooka bubble gum but now that's gone so I say get rid of the penny...
2016-03-26 23:07:52 · answer #4 · answered by Rosa 4 · 0⤊ 0⤋
You know, that penny melting thing might work.
I hate getting pennies back in change.
2006-07-09 15:31:02 · answer #5 · answered by ihcase1456 2 · 0⤊ 0⤋
I guess to give people a way to make them fell rich. They can afford to throw away a penny.
2006-07-09 15:30:51 · answer #6 · answered by Brady 1 · 0⤊ 0⤋
THere isn't much copper in pennies. Mostly zinc. Copper plated.
If you want hot, sweaty work that doesn't pay much, get a job on a farm.
2006-07-09 15:32:08 · answer #7 · answered by auntiegrav 6 · 0⤊ 0⤋
cooper is worth alot
2006-07-09 15:30:41 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Who is cooper?
2006-07-09 15:30:50 · answer #9 · answered by Just Gone 5 · 0⤊ 1⤋
the American way!
2006-07-09 15:34:58 · answer #10 · answered by mari r 3 · 0⤊ 0⤋