Are pennies worth hoarding?

Everyone is trying to get gold and silver, but what about saving pennies? I read that the amount of copper in a penny is worth more than a penny. In an economic collapse, would pennies be considered a valuable means of monetary exchange like silver and gold?

 

You can't eat pennies

 

Question: Is My Penny a Copper or a Zinc Cent?

Answer:
If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating.

 

Sometime in the 1980s the gummit took the copper out of the penny. They are now only copper plated...:eek:

 

I remember in the early to mid 80's some banks paying $1.10-$1.20 for $1.00 us pennies. Even recently the zinc content was worth more than $.01 us. Even if it was legal, by the time you scrap and refine it your margins are very slim at best. Get a metal detector and comb the beaches and parks for lower hanging fruit.

 

I think I'd horde wire and copper pipe before pennies.

 

Yes. Even more so in a few years, but pre 1986 pennies are rapidly disappearing from circulation.

 

Drpepper, you might find the following site of use:

http://www.coinflation.com/

1904 to 1982 pennies now contain metal worth about 1.01503 cents