A Penny for Your Thoughts

1908-1982_US_LincolnPennyAt the July 30, 2011 meeting, PANS Club Member, Stan P., reminded everyone about coinflation.com, a site filled with informative calculators and interesting articles discussing money and inflation. The Polish American Numismatic Society is not affiliated with Coinflation, but certainly recommends it to everyone as a “very good read”. Stan updated club members regarding the actual melt value of a U.S. Lincoln Cent, dated between 1908 and 1982, using the Coinflation base metal calculator (Copyright 2004-2011 Coinflation, LLC). With current copper prices near $4.45 per pound and zinc prices hovering at $1.12 per pound, the melt value of a U.S. penny is almost 3 cents !! Of course, per U.S. Federal Law, melting coins is NOT legal. PANS has added Coinflation to our Recommended Links page.

One thought on “A Penny for Your Thoughts

  1. Alexander Zilo on

    Thank you. This is very informative.