Keep Canadian Copper Pennies
Keep your Canadian pennies! In this particular case, Canadian Copper Pennies. These copper pennies are just like the U.S. copper pennies: The copper metal value exceeds their Canadian face value by over 2.5x. The Canadian copper penny is made of 95% copper and 5% zinc, making it a great copper commodity investment.
There are stages to getting to the melt value copper portion of this investment. Currently, Canada is on the phase-out stage. This is because Canada wants Canadians to deposit their pennies at financial institutions which end up back at the Royal Canadian Mint. The Royal Canadian Mint uses its “Alloy Recover Program” to sort out the copper pennies from their zinc and steel pennies so they can turn the coins into copper and make a profit (read more: Canada Eliminates the Penny).
Canadian Penny Melt Laws
Note that it is illegal to melt the Canadian penny:
- exert from the Source
Learn about How to Make Money with Copper Pennies
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