It is illegal to melt down pennies or nickels at this time.
Currently the penny is only made of 2.5% copper with the rest zinc. However, prior to 1982 pennies were predominately made of copper. A pre-1982 penny is currently worth about 2 cents.
Because Lincoln cents until 1982 (Some 1982 cents are copper, others are zinc) were struck in 95% copper, starting in 1982 they are made of mostly zinc with a small plating of copper. Since copper has a greater mass than zinc they weigh more. Copper pennies are also worth more than zinc pennies, if it was legal to melt them down, you could get about 2 cents for every copper penny but only about half a cent in scrap for zinc pennies. However, at the time being it is illegal to melt down US pennies in the US or export them to be melted down.
yes I have 1 1943 copper pennies, but if you find one make sure it is not a 1948 with the 8 cut down and yes its a copper pennies
Based on melt value alone, any Lincoln cents minted before 1982 are worth about 2 cents each for their copper content.
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.
No, pennies do not contain gold. Modern pennies are mostly zinc with a little copper, older pennies are mostly copper with a little zinc.
copper is important because it makes pennies and pennies are good
Because they are worth more than face value. All US pennies dated 1981 and prior are 95% copper and are worth ~2 cents in copper scrap. Although it is currently illegal to export coins for melting or to melt them in the US, some people hoard them (usually paying ~1.6 cents a penny) in anticipation that the melt ban will be lifted soon and the cents then could be melted down for a profit.
Pennies: zinc, with copper plating (not mixed together).Nickels: 75% copper and 25% nickel, alloyed togetherDimes, Quarters, and Half Dollars: Pure copper clad with the same alloy as nickels, for an overall content of 8% nickel and 92% copperDollars: Pure copper clad with manganese-brass alloy.
240 copper pennies equal a pound.
It is illegal to melt U.S. pennies for copper. You can go to the United States Government mint site www.usmint.gov for more information. Every penny made before 1982 is 95% copper, and thus is worth 2.5 times its face value.
Melted copper is not a mineral because minerals are naturally occurring inorganic substances with a specific chemical composition and atomic structure. Melted copper is a liquid form of the element copper, which is a mineral when in its solid state.
copper. That is why they call them copper pennies. There is also a zinc coating on the pennies be more specific dude