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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 05/26/2006 : 20:00:58
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It appears that the zinc cent will soon become worth more than its face value by its metal value alone. The zinc cent is currently at 96.32% of its face value today (5/26/06). Go to You must be logged in to see this link.
Bad money drives out good money.
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 05/26/2006 : 20:19:14
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I did notice that as well. I will still be turning my zincs back in and searching for coppers until I hit around 8% coppers, then depending on metal value at the time of the zincs I'll just either keep them all or quit pennies and move on to nickels.
“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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deleted
17 Posts |
 Posted - 05/28/2006 : 18:23:22
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I have been wondering the same thing.
I'm thinking since I've already gone through the trouble of sorting them is it worth it to keep them? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/28/2006 : 18:37:01
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My guess is that once zinc cents go over their face value allpennies will quickly leave circulation. Heck, the goverment may just start to pull them and leave a coin shortage until a plastic penny takes its place.
Bad money drives out good money. |
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realcent
Forum Admin
USA
246 Posts |
Posted - 05/29/2006 : 06:57:11
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Either a plastic penny or no penny at all. Haven't some European countries done away with one cent coins?
I think that eventually the zincs may end up being hoarded as well.
RealCent
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For more copper cent hoarding information check out:
You must be logged in to see this link. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 06/03/2006 : 20:51:11
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Financial Sense Online. - "Worldwide Zinc Crisis". Zinc may soon go from $1.50 per pound to $2.00. Zinc may now be the new copper in the base metals market.
I'm telling you guys, hold on to them.
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If you can conceive it, you can achieve it. -Napoleon Hill |
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deleted
143 Posts |
Posted - 06/21/2006 : 00:46:01
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| i am currently having a sore throat, a friend told me to get zinc lozenges fortified with vitamin C, and they don't need a lot of zinc to make those lozenges, because they measure them in milligrams; but zinc after all, is one useful metal |
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Zinc cent ready to go above face value.
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