Asked in Coins and Paper MoneyInflation
Adjusting for inflation which is worth more 1908 pennies 1960 pennies 1990 pennies 2006 pennies 2007 pennies or any penny melted down and sold as scrap metal?
March 09, 2008 3:44AM
The copper in a US cent made before 1982 is worth almost 2 cents. Those made after 1982 are worth much less than 1 cent (but the cost of producing them is about 1.5 cents). Both types were made in 1982. But before you start sorting your pre- and post 1982 pennies, you should know that there is an administrative order prohibiting the "melting or exporting of large numbers of one and 5 cent coins" which could result in a fairly large fine.