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Based on melt value alone, any Lincoln cents minted before 1982 are worth about 2 cents each for their copper content.

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Q: When you adjust for inflation what is the worth more 1908 pennies 1960 pennies 1990 pennies 2006 pennies 2007 pennies or any penny melted down and sold as scrap metal?
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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?

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.


Can you sell your pennies as copper by weight?

Well, you could... However, pennies are not pure copper. By the time the buyer would melt out the other metal, you probably would not get 1-cent for each penny. I mean, think about it...If copper pennies contained a lot of pure copper, everyone would be taking pick-up trucks full of pennies to sell as copper. But no one does, because it is not pure copper and has little value even after being melted. You'd be better off saving your pennies and buying yourself a CD -- at least the music would give you some enjoyment.


What is a gold bar?

A gold bar is a rectangular piece of metal, usually an ingot form (an ingot is when the metal is melted and poured in a cast). Gold bars are priced based on the current price of gold per oz.


How much are 10lb of pennies worth?

If you are asking about the numismatic value then it would depend upon the dates, mint marks and condition of each coin. If you are asking about the metal value of 10 lbs of pennies, the value would depend upon the dates on the pennies since some pennies are made of mostly copper and some are made of mostly zinc. Answer: The present US cent weighs 2.5 g, 10 pounds is the same as 4540 g so the number of all new present date US cent coins would be 4540/2.5/100 = $18.16


How did Diocletian help slow inflation?

Years of devaluation had occurred during the reign of previous emperors as they expanded the Roman army to fight repeated and devastating invasions into the empire and to increase the pay and bonuses of the miltary. The problem of inflation had been caused by the debasement of the coins: the reduction in the precious metal content which devalued the coins. They had become worthless due to minimal precious metal content. Diocletian undertook a monetary reform which introduced five new coin: a gold coin, a silver coin, a copper and silver coin and a copper coin. The gold and silver coins had higher precious metal contents than the previous ones. However, the monetary reform did not stop inflation. Therefore, Diocletian issued the Edict of Maximum Prices to put a limit on the prices of goods. However, this proved unenforceable. It was Constantine the Great who managed to control inflation. He concentrated on issuing large quantities of a new gold coin and temporality did not issue new silver coins until late during his reign. He confiscated the treasuries of pagan temples and shrines to amass gold to be smelted for coins. The gold coin proved to be stable and inflation started to slow.

Related questions

Is Coca-Cola made of the melted metal?

If it was made of melted metal, it would be pretty hard to drink after it was cold. So, no it is not made of melted metal.


Why did people snip pieces from edge of coin?

When the value of the coin base metal exceeded the face value of the coin (inflation) the coins would be clipped to reduce the value if melted down.


How did man discover that metal could be melted?

Man discovered that metal could be melted by taking matal and then putting it near a natural forms of fire. therefore it melted.


Why do the new pennies have less mass than the old pennies?

The newer pennies have a different proportion of metal


What do you call melted metal?

molten


Where can one look up the prices of precious metal coins?

The Coin Inflation website has a listing for the current value of precious metal coins such as, pennies, dimes, quarters, and nickles. They also have a U.S. Coin melt calculator. All of these services are free and require no membership.


Where is metal formed and moulded?

A foundry is where metal is melted and poured into molds.


Why doesnt the metal bucket melt when carrying melted metal?

Their the same thing, only melted. The molten metal is hot, but the only things metal cannot carry is something at the temperature of lava or higher.


How do you get pennies back to new?

You can use a metal polish to get pennies back to looking new.


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?

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.


Can lids are used for what?

they are melted and sold as scrap metal


What does metal look like after been heated?

Melted