Thursday, January 5, 2012

Is a Steel Penny in Our Near Future?

It cost more to make a penny than it is worth, so say goodnye to the copper/zinc penny and welcome the steel penny. I have a large pile of the 1943 steel pennies, so having one made 70 years later in my collection is fine with me. This will also bring the legal melting of copper pennies one step closer to reality. I have mixed feelings about this though. Please leave a comment with your thoughts on the subject.


Justin said...

I have my stock of copper pennies ready for the fire. But I would rather not see the old wheats melted with them. Better grab some coin roles while there still out there! Thanks for the read guys! Keep them comming.

Terry said...

Yep, I've got a few gallon containers of old pennies also. I don't think I'd ever sell them for scrap cause in just a few years they would be just as collectable as the old wheat pennies.
Does a change bother me? Nope ever since we went off the gold and silver standards our money has just been based on faith. But it would be nice if we could go back to real money / hard currency.