Tuesday, February 14, 2012

Will the US Penny and Nickel see a Makeover in 2012?

The US Penny and Nickel may see another change to their metallic composition.  Since 2010 the Mint has been 'researching' alternative metals for US coins.  Recently President Obama's administration asked congress to change the metals going into the Nickel and Penny.
US Copper Pennies minted 1982 and before, valued over 2.5 cents a piece.
All US nickels are valued at just under 6 cents.  And Pennies minted 1982 and before because of their copper content are valued at approximately 2.5 cents.  Many people are beginning to stockpile these coins in hopes that they can be melted and sold for a profit.

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