I hope he phases them out over a few years.
I'm saving the pre-1981 copper cents along with Canadian ones, maybe the zinc ones should be saved too.
146 pennies = one pound ($1.46 per pound)
Pre-1981 pennies are 95% pure copper (known as Grade D copper)
The market value for copper is around $4.20 per pound right now.
Scrap is less, in the $3 per pound range.
Reagan pennies after 1981 are copper clad zinc and contain 97.5% zinc.
Nickels are 75% copper and 25% nickel.
Canada ceased distribution of their pennies in 2013.
Canadian pennies were 98 percent copper from 1942 to 1997, although the weight was reduced along the way from 3.24 g to 2.5 g per penny.
Save pennies and nickels, spend the rest.
I'm saving the pre-1981 copper cents along with Canadian ones, maybe the zinc ones should be saved too.
146 pennies = one pound ($1.46 per pound)
Pre-1981 pennies are 95% pure copper (known as Grade D copper)
The market value for copper is around $4.20 per pound right now.
Scrap is less, in the $3 per pound range.
Reagan pennies after 1981 are copper clad zinc and contain 97.5% zinc.
Nickels are 75% copper and 25% nickel.
Canada ceased distribution of their pennies in 2013.
Canadian pennies were 98 percent copper from 1942 to 1997, although the weight was reduced along the way from 3.24 g to 2.5 g per penny.
Save pennies and nickels, spend the rest.
A trail goes two ways and looks different in each direction - There is no such thing as a timid woodland creature - Whatever does not kill you leaves you a survivor - Jesus is NOT a bad word - MSB