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Waiting to Cash In Mark 12:38-44

Waiting to Cash In

Today people stash pennies away as a major investment strategy. But is giving them away the even better investment?

At a Glance

If you have a pre-1982 penny lying around, here's a newsflash: Because of its copper content, it's worth more than a penny. That's why people are hoarding pre-1982 pennies until the United States either eliminates the penny altogether or legalizes the melting of pennies. But long ago, there was a lady who -- instead of hoarding her last pennies -- gave them away.

Editors' Pick

For material based on this same text, see "The Widow's Might," November 9, 1997, at Want to make 220 percent on your initial investment without losing a dime! All you need to do is some penny pinching.

To explain, we start with a lesson in metallurgy. Before 1982, the penny was made of copper. But that year, the cost of the copper required to create one penny rose above 1¢. So since 1982, the U.S. Mint coined pennies made primarily of zinc. That was cost-efficient until 2006 when the penny production cost rose to 1.23¢. In 2012, it costs 2.41¢ to make a penny.

Legislation is now...

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