http://cities.expressindia.com/fullstory.php?newsid=199637

It weird you don't hear about people here melting pennies, or nickels for that matter.

I think it's only the lack of a market for the post melt materials that keeps it that way. I've been told that there are not places left in the US that melt silver at this time. Supposedly because of ecological regulations it's all sent to Canada.

You would have to melt down $1.65 in pennies to get $2.65. Good Idea for the govenment because they could take all copper pennies and replace them with new pennies. Then the penney would not have to be done away with. But the value of pennies may rise if they don't make them any more. The government would probally us the billions of pennies the took in and keep the melted value as profit..