On Yahoo! news, I read an article about how pennies may be worth five times as much as they are now. Is it worthwhile to "invest", so to speak, in this by exchanging monetary values at the bank for pennies, saving the pennies, then exchanging them when the actual transition occurs?
2007-01-24 05:44:09 · 6 answers · asked by Telkandore 2 in Business & Finance ➔ Investing
Yeah, and I've been told that my old "wheat" pennies (wheat pictured on the back) are worth several dollars apiece--they aren't. If you want to buy pennies, do it because you are a weightlifter (my father-in-law did that, putting them in a glass gallon jug and would lift it sometimes for fun, saying he was exercising, until the bottom fell out, the weight of the pennies broke the jar).
2007-01-24 05:51:42 · answer #1 · answered by Rabbit 7 · 0⤊ 1⤋
1
2016-05-21 14:47:28 · answer #2 · answered by ? 3 · 0⤊ 0⤋
yes because in a way those circulates into 1 that is been put into a penny roll -> 1 roll of penny is worth .50cents. Relating to that, some ppl consider collecting money for savings and or exchanging it.
2007-01-24 05:54:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It would be an excellent move to exchange your dollars for 1909 svdb pennies. Historically, they have performed quite well. ms60 brown is currently quoted at $1450
2007-01-24 06:02:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I roll my extra pennies and take them to the bank for REAL money. They have saying for years that they will be worth something. I doubt it.
2007-01-24 05:52:34 · answer #5 · answered by Dizney 5 · 1⤊ 1⤋
Almost everybody knows metal is more expensive than paper.
2007-01-24 11:57:00 · answer #6 · answered by Anonymous · 0⤊ 1⤋