Follow me

Guaranteed way to make money (and cause the government to lose money)

Don’t be so quick to try to get rid of your extra change. For the first time since the composition of the penny was changed to make zinc the primary component, Josh Wolfe reports that the raw materials that constitute pennies and nickels are worth more than the monetary value assigned to them by the US Treasury. With gains of 75% on zinc and 70% on copper this year, could melting coins become the next big black market business in the US (since it is, after all, prohibited by Federal law)?

Hat tip to Jonathan Rhinesmith

Get invites to exclusive events and research.