zinc cent now worth more than face

[Frugi]

According to www.coinflation.com and www.kitco.com zinc is up quite a bit bringing zinc pennies to a metal value of more than one cent. I am sure everyone already knows about the copper ones being worth $0.023 each. I keep all my pennies and I will continue to hoard them until I can no longer get pennies at face value. Also canadian cents and pre1981 canadian nickels are a great risk free investment if you can get them at face.

Before I started "liking" coins I was selling the 98% copper canadian cents to local scrap dealers for $2.40 a pound USD.
It was a pretty good deal because I was buying them for $0.50 a roll (3rolls=1 pound).

Has anybody been collecting pennies for their metal content?

[Earwig]

All i can say is no matter what the metel is scrap is sky high right now the tool shop i work in is actually makin money on scrap its nice to get 250 dollor bonus every few weeks. We all divide it up when the drums get full

[Frugi]

Earwig- Its nice to know, some tool shops and the like are saving metals instead of just tossin them in the garbage. I don't know what type of tool shop you work in (tool & die?) but I know that carbide is worth alot; and is sought after by scrap yards.

[coppercoins]

I have never separated and kept the coins for metal content, but I'm getting close to considering it.

[Earwig]

Use alot of m2 m4 t15 and save lots of carbide not to mention copper. Work in a lathe/ die shop

[smed]

Not on purpose. I've got about 60 pounds between junk wheats and UNC 1981 cents, plus probably another 20-30 pounds of copper/bronze/brass world coins mixed up with another 20-30 pounds of non-copper/bronze/brass, all of which has been sitting around waiting to be sold some day.

Nothing compared to what Chuck used to have (still has?) in his closet!

[coop]

I think Brinks contacts him regularly to see if he will let any go..