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Comment: Penny = .05? (Score 1) 729

by JABoyce (#17768610) Attached to: US Pennies To Be Worth Five Cents?
I dont know what speculators are out there thinking that a penny is worth that much. The copper content of a penny is about 1.7 cents at current copper prices. Copper values would have to go WAY up before the penny becomes worth .05 in melted copper. Dont get me wrong, a 70% return on melting pennies is good, but 500% is absurd.

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