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A Theory - New Steel Copper Coated Pennies!

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Copper Catcher
Administrator

USA
2092 Posts

Posted - 05/14/2008 : 16:46:50

Ok, let’s say that within a few months the bill passes the Senate and within 270 day the reality is a copper coated steel penny. Then what? Do you really think the mint is not going to try to reclaim all the copper and cooper coated zinc pennies out there? Sure they are! In my area in North Carolina who ever is rolling coins for Brinks is pulling out all the copper already! I would guess then the mint will start the process of replacing all the pennies and simply use a magnet to pull out all the steel coins and melt the rest for $$$. Think how easy this would be to accomplish without having to be so expensive. Is this a crazy idea or could this be the new reality we will soon face?

Ardent Listener
Administrator

USA
4841 Posts

Posted - 05/14/2008 : 16:56:18

I wouldn't doubt it if they are able to keep up with the amount the are pulling out. They may not even have to pull out but rather just replace the copper and zinc ones.

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