Pennies from Heaven

Anyone looking to make a small investment "right now" might want to look at all those pre-1983 pennies that your have accumulated in your house.  I will show you how you can double your money just by counting pennies.  Sounds too good to be true?  No, it is true!  Just thank the Federal Reserve System for providing you with this opportunity through its easy credit (money) policy.   These polices have sent the prices for "copper and zinc" on an exponential rise.

Using the latest metal prices for copper and zinc, these are the numbers required to calculate the metal value of pre-1983 pennies:  

$3.4592	=	Copper Price/Pound on Dec 13, 2011.
$0.8779	=	Zinc Price/Pound on Dec 13, 2011.
.05	=	Zinc %
3.11	=	Total weight in grams
.00220462262	=	Pound/gram conversion factor  (Prices are quoted in pounds.  Therefore, the reason for the conversion.)

 

1. Calculate 95% copper value of Pre-1983 pennies:

    ($3.4592 × .00220462262 × 3.11 × .95)  =  $0.0225314

2. Calculate 5% zinc value:

    ($0.8779 × .00220462262 × 3.11 × .05)  =  $0.0003009

3. Add the two together:

    $0.0225314 + $0.0003009 = $0.0228323 (Value of that Penny)

  $0.0228323 is the metal value for the 1909-1982 copper pennies as of December 13, 2011, or 128.32% increase from its face value.  Therefore, get those "penny jars and penny banks" out and start going through those pennies to find those pre-1983s.  What are you waiting for?  Go calculate your new found wealth, now!