In an earlier post, I cited an article from the NY Post quoting "Lance Lewis, a hedge fund manager at Lewis Capital in Dallas, [who] estimates that the metal content of a penny would be worth more than one cent when zinc hits $3,282 a ton." Since I am a visual creature, and I assume readers are too, I thought a handy chart would help illustrate the current situation in the world of metallic currency:
For an update on the daily price of Zinc, see the LME website. - Ed
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Posted by: Personal Finance Advice | March 06, 2006 at 11:57 AM
According to coinflation.com, the metal contents of the following circulating coins are x% of their face values:
1959-1982 Cent (Copper) 145.8500%
1946-2006 Nickel 73.2300%
1982-2006 Cent (Zinc) 58.2000%
Posted by: ML | March 08, 2006 at 11:20 PM
zinc pennies may go above face eventually, but copper pennes, pre-1982 already are. According to realcent.friendpages.com it is easy enough to hoard them now, and will probably be profitable.
Posted by: Janet | April 12, 2006 at 03:08 PM