Penny Elimination: Are Casinos Rounding?

A nickel currently has a melt value of six cents  so he may be able to find a profit. 

Edited on Jan 4, 2026 12:15am
Originally posted by: Kevin Lewis

 

.......... A penny contains more than .01 worth of copper, so maybe at one point, they'll become scrap metal rather than coinage.

Only the older ones. 

 

Pennies minted in 1983 and earlier have a melt value of $.037 they are 95% copper. 

 

Pennies minted after 1983 are mostly zinc. They have a melt value of $.008. 

 

https://www.coinflation.com/

 


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