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Re: mbobok post# 768

Monday, 07/05/2004 9:47:43 AM

Monday, July 05, 2004 9:47:43 AM

Post# of 3317
Of course if the Penny Clown had $50k, he could start to pay his fines.

By the way, you do know that there isn't much copper in pennies anymore. Specifically a US penny weighs 2.5g and is 2.5% copper so each (post-1982) penny contains 62.5 milligrams of copper. Assuming that all of the pennies are the copper-clad issue, a million pennies therefore would contain 62.5kg of copper--just about 138 pounds. The remainder of the 2.75 tons of metal is zinc.

Copper is about $1.22/lb so the copper value is only $168. Zinc is about .44/lb so the zinc value is only $2351. And this assumes spot prices for the pure metal. Scrap prices are lower.


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