mac5155 wrote:Will some one give me that kind of money at the current moment?
At the moment, it's illegal to melt pennies, and while copper prices are high, they’re not moving as much as, say, silver or gold. There are people selling lots of copper pennies on Ebay for prices well in excess of their face values, however. Personally, I’d separate the pre-82 pennies from the rest and hang on to them.
To give some insight into just how much our currency has been inflated over the years, before 1964 dimes, quarters, half dollars, and dollars were made of an alloy of 90% silver and 10% copper. The amount of silver in a pre-64 dime is worth $2.40 at silver’s current spot price. A quarter is worth $5.99, a half dollar would be $11.98, and a Morgan or Peace silver dollar is worth $25.62. This is the value of the silver alone and ignores any numismatic or collector value. At the time all of those coins were minted, the silver content of each was obviously worth less than the face value of the coin. Since then, however, the value of the dollar has dropped so much that the value of the metal is way more than the coin’s face value.