December 12, 2007: 100 Miillion pennies at Rockefeller Center NYC

slang · 12-13-2007, 08:10 AM

They appear to be ready for the metal recycler. Pre-86 pennies are 97% pure copper. With the scrap rate nowdays you can almost double your money, pound for pound.

It's a shame that the mint doesnt allow them to be recycled. Even if a penny is yours, it's really not. It's "yours to spend as a penny" not yours as in your own the material.

Approx face value of 1lb of pennies - $1.80

Scrap rate recently - $2.75 to $400

A close friend has an unusually large collection of pennys that he's organized over 45 years. We've looked into getting rid of these coins but because of the weight involved it's difficult.What a pain in the ass.

12-13-2007, 08:10 AM	#15
slang St Petersburg, Florida Join Date: Oct 2002 Posts: 3,423	They appear to be ready for the metal recycler. Pre-86 pennies are 97% pure copper. With the scrap rate nowdays you can almost double your money, pound for pound. It's a shame that the mint doesnt allow them to be recycled. Even if a penny is yours, it's really not. It's "yours to spend as a penny" not yours as in your own the material. Approx face value of 1lb of pennies - $1.80 Scrap rate recently - $2.75 to $400 A close friend has an unusually large collection of pennys that he's organized over 45 years. We've looked into getting rid of these coins but because of the weight involved it's difficult.What a pain in the ass.

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