Jul 19th 2011, 18:51:25
[quote]The US Mint reported that in fiscal year 2010 the cost of producing and shipping one-cent coins was $0.0179, i.e. more than the face value of the coin.[4]
As of January 14, 2011 the metallurgical value of the copper in pre-1982 bronze and brass cents is 289% of their face value.[36] Post-1982 copper plated zinc cents have a metallurgical value of 64% of their face value.[36] [/quote]
something i hadn't thought of before qz :P that's mildly interesting.
from what i can tell, there's an estimated 200 billion pennies circulating in the usa. this is, of course, a mix of the pre- and post- 1982 coins, so there's no real way to tell the value of the metal, but we're not anywhere near fixing the debt with the metal :P
As of January 14, 2011 the metallurgical value of the copper in pre-1982 bronze and brass cents is 289% of their face value.[36] Post-1982 copper plated zinc cents have a metallurgical value of 64% of their face value.[36] [/quote]
something i hadn't thought of before qz :P that's mildly interesting.
from what i can tell, there's an estimated 200 billion pennies circulating in the usa. this is, of course, a mix of the pre- and post- 1982 coins, so there's no real way to tell the value of the metal, but we're not anywhere near fixing the debt with the metal :P