30 Day Free Trial - MarketWatch Retirement Weekly
The Perth Mint Australia
 

Large Copper Penny Lifted from High School

AnswerTips   

Penny close-upA large replica penny stood the test of time at a Chicago-area high school, marking the school’s entrance for over 50 years.

The 2 1/2 foot diameter, solid copper penny was gifted to Lincoln-way Central High School by the class of 1957.

Then, a few days ago, the copper content of the replica penny apparently caught the attention of thieves.

Back in 1957, copper was just cents per pound. Ten years ago it was about 60 cents a pound, 3 years ago under $2/lb and today around $3.65 per pound. The replica penny is now worth much more with its copper value alone, than what it had cost to make — just like today’s pennies and nickels.

Hopefully the thieves will be caught before the penny is melted.

For the more, read the very short embedded article by United Press International titled, "Jumbo penny pinched from high school".

Related News

  • Steel Cents and Nickels Dead in the Water?
  • One Hundred Million Pennies Photographed: The Penny Harvest Field
  • Current and 2007 Costs to Mint Pennies and Nickels
  • Nothing New for Penny and Nickel
  • Penny Harvest Field Photos: One Hundred Million Pennies
  • Penny Harvest Field Opens: It’s Built By Children and All for Charity
  • Is the U.S. Penny and Nickel Worth Keeping? 60 Minutes Asks.
  • Copper is the New Gold, Rich in Value and Sought After by Thieves
  • Pennies and Nickels Not Worth the Metal They’re Printed On
  • Steel Cents Debated in House, No Decision Yet
  •  

    Email this Article Email this Article                  Print this Article Print this Article


    One Comment

    1. Koichi Ito says:

      Large Copper Penny from Central High School should be a gift to Barack Obama in Presidential Inauguration in Janaury 20, 2009.

    Post a comment:

    Comments are moderated, and will not appear until an editor has approved them. (After you click to post your message, just leave this page.)