I am a lurker, but I registered because I had to throw this by the folks on this board.
A friend of mine told me he has been saving the older US pennies
(older than 1982, I think) because they were made out of mostly copper, where as the newer ones are made out of something else…zinc?
Anyway, he has been saving them and tells me they are worth more in copper than as money, and that he has buckets full of them.
I have a few questions:
- Is this just silly?
- Is it legal? (hoarding, possibly melting US money?)
- Is there a chance he may actually make a profit doing this?
He also says the government or the banks or someone has just started pulling the copper pennies out somehow. Anyone know anything about that?
He sent me this link, if it helps: