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 Hoarding Copper Bullion Pennies
 Is the Fed. sorting-out copper pennies?		  New Topic  New Poll New Poll
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Ardent Listener
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USA
2594 Posts
Posted - 05/03/2006 :  07:24:14  Show Profile Send Ardent Listener a Private Message  Reply with Quote
Have any of you heard that the Fed. is sorting-out copper pennies with high-volumn machines?

Bad money drives out good money

n/a
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115 Posts
Posted - 05/04/2006 :  08:56:43  Show Profile Send n/a a Private Message  Reply with Quote
I have a hard time believing this is being done at this time. I think that the cost vs return is not high enough for the government to worry about. I do believe that we are going to see a change in the coins soon if the price of base metals stays high. If this happens I believe the government will start keeping the old coins as they are returned rather than resend them back into the world.
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realcent
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USA
244 Posts
Posted - 05/04/2006 :  11:05:38  Show Profile Send realcent a Private Message  Reply with Quote
It wouldn't surprise me if they started to sort the copper from the zinc. If they did it, I wonder if they would keep it quiet?

I have heard they did this with 90% silver coins, but don't know for sure. Is there any proof one way or the other?

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