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Goldcorp Inc. Message Board

  • tjm611 tjm611 Apr 11, 2006 2:39 PM Flag

    you know metals going up more

    when CNBC does a segment on taking your average penny abd saying its worth more than a penny when its melted for the value of the metal.

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    • i thought that only pre-1982 pennies were made of mostly copper, everything after that is primarily a zinc alloy

      • 1 Reply to megawatt_trader
      • >i thought that only pre-1982 pennies were
        >made of mostly copper, everything after that
        >is primarily a zinc alloy

        You are mostly correct. Post-82 pennies are 99% zinc with copper plating; however, pre-82 pennies are still in circulation so the news report was partially correct.

        The pre-82s may gradually go out of circulation, though, as the copper price goes up. I've been sorting out pre-82s for safe keeping for over a year now. Some of the 82s have copper (there were seven different combinations that year).

        Incidentally, if the zinc price continues to goes up, this will also apply to post-82s. Right now, by my calculation, a post-82 contains about 7/10 of a cent of zinc. The regular ol' circulation nickel is the next closest melt v. face value, at 4 cents of copper-nickel to a 5 cent face value. (25% nickel/75% copper).

 
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