Penny = .05? (Score 1)

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.