Welcome to Coinflation: A guide for coin prices and values.
  Measuring the Metal Value of Coins – Base Metal, Gold, and Silver Coins

  Home  |  About  |  Coin Calculators  |  Gold Coin Values  |  Silver Coin Values  |  Proof Sets  |  Countries

Elimination of the Penny?


Published October 7, 2004
Written by Alec Nevalainen



The value of the copper penny continues to move closer to full value, but I'm more surprised about the breakout of zinc over $0.50/lb. Conversion to a zinc-plated steel cent (similar to Canada) is a possibility for 2005, and almost a definite for 2006 if the zinc trend continues.

The last Mint annual report already noted that cent production costs were near break-even. A steel cent certainly isn't inflation-proof considering that steel has more than doubled since last year.

Anyone ready for a plastic cent? Elimination of the cent is more likely.

Alec Nevalainen
www.coinflation.com







Also on Coinflation.com:
Other Pages:

Advertising · Archives · Frequently Asked Questions · Privacy Policy


Connect With Us:



Follow Coinflation on Twitter


This material may not be redistributed. All rights reserved.
© Copyright 2004–2014 Coinflation™, Collectors Universe | NASDAQ: CLCT
All content on Coinflation.com is for informational purposes only.