psi wrote:If you have a lot more sorting money and storage space than you can find coins to sort then I guess it couldn't hurt, but if not you are much better off keeping the money cycling to get more copper while you can. The zinc coins should be plentiful for some time after a composition change but the copper is disappearing right now.
jerry278 wrote:Hey all,
So as we all know the mint is in the process of considering compostion changes for the penny and nickel. Obviously the nickel seems to be the one on the priority list. So people suggested that the penny will be discontinued but I for dont believe this happen for a while, and that yet another composition change will happen to the penny AGAIN. A lot of talks of have been about the composition change for a penny to be steel, which would make 'cents' for the mint. But this brings up another question. Zinc. So if zinc is discontinued will you all hold onto some zincers? Its only .06 of a cent right now but this all about speculation anyways. I think its safe to say the price of zinc will pass 1 cent sometime sooner rather than later, maybe quite soon depending upon the speed of the 'compostion change program'. So what do guys think, hold on to zinc or cash it?
NotABigDeal wrote:No connection between penny composition and price of zinc, but there could be a connection between price of zinc and the penny's compostion. Catch the drift, hehe?
Keeping zinc ties up way too much money that could be used to buy more unsorted pennies. Keeping zinc, is like keeping a lot of money in a bank. It doesn't make "cents"....
Deal
Pennybug wrote: I think that certain zincs WILL become more valuable (hence the tie in previously mentioned)... 2010 and 2011's (look that thread up). I think THEY will be the ones to have (apart from the 2009's as already mentioned). Why? Because #1 they will be BU condition and #2 they will be the second most rare of the zincolons with the new shield design (next to the 2009 designs). THAT is why I am holding onto a few boxes of zincolons.
jerry278 wrote:Interesting thoughts from everyone. Pennybug I tend to agree to what your saying, primarily in that you shouldnt keep 'TOO MUCH' tied up in zincs, but might not hurt a little for the 2009 and shields. Or perhaps if you collect mint sets I am sure they would appreciate to some extent if they discontinued the penny/changed the composition. Anyone here familiar with any industrial uses of zinc, other than making pennies?
exbingoaddict wrote:Take your choice between item A and item B. They are both the same size and they cost the same amount.
Item A is worth 2.5 cents give or take.
Item B is worth .06 cents.
Which one do you want?
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