Washington- An Ohio metal company is banking on a change in federal law to make a pretty penny off the lowly 1-cent piece.

Jackson Metals believes it can make a profit and save the U.S. Mint more than $18 million annually through a plan to sift through roughly 5 billion pennies a year and cull high-copper-content coins made before 1982 whose components are worth 1.7 cents.

The firm in Jackson County, south of Columbus, would like to melt those older pennies and sell the metal to companies that make brass products like doorknobs and plumbing fixtures. Read Full Story