It's currently illegal to melt down pennies for scrap metal. Every so often there are stories about hedge funds who have millions of them and are waiting or lobbying for the laws to change [0]
I think it's mostly a cute story rather than a real business opportunity. The costs of operations and storage add up, even if you can wave away the time-value-of-money costs by holding them in an institution that is required to keep $X in cash.
I think it's mostly a cute story rather than a real business opportunity. The costs of operations and storage add up, even if you can wave away the time-value-of-money costs by holding them in an institution that is required to keep $X in cash.
[0] https://www.cnbc.com/2011/10/05/kyle-basss-nickel-collection...