>>>After reading this article: http://www.msnbc.msn.com/id/5334880/ I think I better stop collecting coins…
>>>I cannot understand WHY nobody wants to cash it. It is money after all!
>>
>>Because it is 3.6 tons of copper and any bank will incur costs to handle it. What's in it for them? That's why they may do it for a fee.
>
>So the same bank would incur no 'costs' if 10,000 people all walked in with 2 rolls of pennies and wanted to change them into a dollar bill?
>
>You'd think that at least the U.S. mint would be interested, and possibly even obligated. And others too, considering a good many of those pennies are all real copper through and through as opposed to the zinc stuff of today.

Hey Jim,

I was thinking the same thing and then found that the price for copper is around $2,500 per ton. Much less than the face value of the pennies. The mint should be obligated to take it, but unfortunately government usually doesn't work that way for an individual.