Dug my first half cent..........

[michigan michael]

I dug my first half cent today. I just dont know why someone would cut a Wheat penny in half? It truly counts as a 1/2 cent right? I still wonder why it was cut though. I wonder if I can find the other half now? lol

 

[juju]

I call em lawn mower penneys. The cailfornia cutter rotary type mowers shear em right in half. Or I tell the kids its due to the economy and I am forced to cut their wages. They usually don't appreciate my humor. lol.

JuJu

 

[silvercop]

 

[spartacus53]

Lucky for you that you actually have just over half the coin, you can bring it to a bank and have it exchanged for a full penny. I just hope that damaged coins work the same way as bills do.

 

[allen]

you had me going with the title !!

 

[michigan michael]

LOl yeah got to have a little humor! I never thought about the lawn mower theory. Great suggestion...

 

[garthbfan169]

Too funny MM

 

[Evan/tn]

lol cool find

 

[crazyjarhead]

That sure is a clean cut.

 

[bangorguy]

makes ya wonder what a penny is really worth nowdays lol.

 

[TiredIron]

Well.....

Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:


$2.7983 = copper price / pound on Aug 14, 2009.
.95 = copper %
$0.8099 = zinc price / pound on Aug 14, 2009.
.05 = zinc %
3.11 = total weight in grams
.00220462262 = pound/gram conversion factor (see note directly below)


The NYMEX uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.



1. Calculate 95% copper value :

(2.7983 × .00220462262 × 3.11 × .95) = $0.0182265


2. Calculate 5% zinc value :

(0.8099 × .00220462262 × 3.11 × .05) = $0.0002775


3. Add the two together :

$0.0182265 + $0.0002775 = $0.0185040




$0.0185040 is the melt value for the 1909-1982 copper cent on August 14, 2009.

Tirediron

 

[IronSpike]

I've yet to find either kind of half cents

I call em lawn mower penneys. The cailfornia cutter rotary type mowers shear em right in half. Or I tell the kids its due to the economy and I am forced to cut their wages. They usually don't appreciate my humor. lol.

JuJu

I'll have to check into the California cutte rotary type mover

 

[CashIsKing]

When i read the title i was like no way then i saw the picture haha nice find though...
CashIsKing

 

[curbdiggercarl57]

Looks like about 51% of the coin, so no, it doesn't count. Now go find the other 49%!
Carl