InvestorsHub Logo
Followers 43
Posts 4091
Boards Moderated 0
Alias Born 03/13/2009

Re: SaltyMutt post# 21934

Tuesday, 02/19/2013 10:36:57 PM

Tuesday, February 19, 2013 10:36:57 PM

Post# of 62039
Until 1982 pennies were 95% copper now they are 2.5% copper. The reason for the change was only due to the value of the copper being higher than 1 cent. At today's price, a "solid" copper penny is worth 2 cents metal value.

All current US coinage has a high amount of copper percentage...

Nickle - 75% copper
Dime - 91.67% copper
Quarter - 91.67% copper

Why? Because it is cheap and abundant.

All IMHO

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.