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Looking through Coinflation's Archives I found two articles of interest.

February 18, 2005 the copper closed the day with the cent being higher than face value.

http://www.coinflation.com/greshams_law.html

"For example, copper settled at $1.5126/lb on Friday, February 18. Using the calculations below, the pre-1982 cent that weighs 3.11 grams and a metal composition of 95.0% copper/5.0% zinc has a metal value of $0.01006437 (roughly 100.64% its denomination value)."

October 8, 2004 copper touched being higher than face value of the cent.

http://www.coinflation.com/10092004.html

"Mark today's date on your calendar. The base metal value of the pre-1982 copper cent has surpassed its purchasing power. Copper closed at 1.4875/lb making the 3.11 gram copper cent worth $0.01003."


Ten years worth of inflation and see what we have become. Any ideas on how we should celebrate, commemorate, commiserate?

coppernickel wrote:Looking through Coinflation's Archives I found two articles of interest.

February 18, 2005 the copper closed the day with the cent being higher than face value.

http://www.coinflation.com/greshams_law.html

"For example, copper settled at $1.5126/lb on Friday, February 18. Using the calculations below, the pre-1982 cent that weighs 3.11 grams and a metal composition of 95.0% copper/5.0% zinc has a metal value of $0.01006437 (roughly 100.64% its denomination value)."

October 8, 2004 copper touched being higher than face value of the cent.

http://www.coinflation.com/10092004.html

"Mark today's date on your calendar. The base metal value of the pre-1982 copper cent has surpassed its purchasing power. Copper closed at 1.4875/lb making the 3.11 gram copper cent worth $0.01003."


Ten years worth of inflation and see what we have become. Any ideas on how we should celebrate, commemorate, commiserate?

Just two articles?! You need to look harder! All kidding aside, I plan to celebrate/commemorate by stacking higher, wider & deeper! Long term perspective is usually the best perspective! Thanks for sharing! Good posting!

I'm also curious about the anniversary (3 year) of the last mintage of the Canadian penny. The anniversary will be May 4, 2015.

Shazbot57 wrote: I plan to celebrate/commemorate by stacking higher, wider & deeper! Long term perspective is usually the best perspective! Thanks for sharing! Good posting!

Sounds like the best plan to me.