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March 2017 Eliminate U.S. Penny/Cent Bill Proposed to Senate

In Brilliant Uncirculated Pennies, Copper Pennies, Nickels by coincollectingenterprises0 Comments

March 2017 Eliminate U.S. Penny/Cent Bill Proposed to Senate Penny elimination legislation is being proposed again this year. The bill is being labeled as, ‘Currency Optimization, Innovation, and National Savings Act of 2017’ by John McCain, R-Arizona and Mike Enzi, R-Wymoming. Eliminate Penny Goal: Stop all production of the one-cent penny coin for ten years. During this time period, a …

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2017 U.S. Penny Cost

In Copper Pennies by coincollectingenterprises

2017 U.S. Penny Cost How much does it cost to make a penny? Current cost to make, or mint, the U.S. penny/one-cent coin is 1.50 cents per one cent. This is an increase of 7 cents per coin in penny cost compared to last year, showing there is a steady rise in metal prices impacting coin production. The overall cost …

The Pros and Cons of Investing in Silver

In Copper Pennies by coincollectingenterprises

Pros & Cons: Silver Investing There are each pros and cons to investing in silver. As a commodity, silver tends to fluctuate up when stocks are down and the economic system is troubled, and lose worth while the economic system is in good condition. That being stated, there are some explanation why investing in silver, irrespective of the state of …

Nickels per Pound

In Copper Pennies by coincollectingenterprises

Nickels per Pound A nickel weighs 5 grams exactly when newly minted. The metal composition of a nickels is actually not mostly nickel but rather 75% copper and 25% nickel. This means there is 3.75 grams of copper and 1.25 grams of nickel in each coin. How many Nickels in a Pound There are 91 nickels per pound. When wanting …

Why Penny Count by Weight Won’t Work

In Brilliant Uncirculated Pennies, Copper Pennies, Lincoln Wheat Cents, Penny Bags, Unsearched Pennies by coincollectingenterprises

Why Penny Count by Weight Won’t Work Counting pennies by how many pennies per pound just does not work. But why? That’s because not all pennies weight the same. In 1982, the metal composition of the penny was changed from being made of 95% copper to 97.5% zinc. This mean the weight of each penny changed from 3.11 grams to …

Flying Eagle Cents – Rare in US Coinage?

In Copper Pennies by copper pennies

1856 marked an auspicious yr within the historical past of the US Mint. From the very beginning, one cent items had been a staple of United States coins. Everybody knew their look and their feel. Everybody was comfortable with the coin, till 1856. Since the beginning of US coinage, the face of the one cent piece had featured an outline …

Safe Stock Market Investment

In Copper Pennies, Stock Market by coincollectingenterprises

Safe Stock Market Investment The safe stock market investment is a tangible asset that exists in the real world. After all, stock markets around the world are being shaken, falling, and manipulated. Currencies are in disarray around the world. Countries are attempting to save their currencies with extreme methods. The United States extreme quantitative easing methods bailouts. Europe’s repeated bailouts …

Discover the Power of Copper Pennies

In Copper Pennies by coincollectingenterprises

The U.S. copper penny is made of 95% copper and 5% zinc. This creates the unique ability to protect and invest your money simultaneously in both the copper and currency markets through investment grade copper pennies. This is due to the metal value of copper pennies far outweighing the face value. Copper pennies are in the same unique historical time …