Should You Melt Down Pennies for Profit? Not U.S. Pennies, But...
A penny, on its face, is worth one cent. But melted down for the copper it contains, it could be worth quite a bit more. So why not mine our piggy banks for metal?
A penny, on its face, is worth one cent. But melted down for the copper it contains, it could be worth quite a bit more. So why not mine our piggy banks for metal?
Metal costs have soared so high that it now costs significantly more for the U.S. Mint to produce a penny than the coins themselves are worth. That's why Canada just stopped making pennies. We should too.
Many small investors have recently piled into commodities, especially copper, on the assumption that ever-growing demand from developing countries would keep sending prices skyward. Now they are learning a drop in demand is also possible, and prices have been plummeting.




