HC Deb 17 May 1966 vol 728 c210W
61. Mr. Wyatt

asked the Chancellor of the Exchequer in view of the fact that the copper content of a penny piece is currently worth approximately 1.2d., what steps he is taking to prevent the melting down of penny pieces and their resale at 20 per cent. profit.

Mr. Callaghan

None. I doubt whether any profit could be made after allowing for the cost of extracting the copper from the alloy.