A convertible threaded compression device connects a bone fragment to an anchor bone for a healing duration. The compression device has a distal bone penetration section which is advanced into the bone and a proximal bone exterior section. The proximal bone exterior section is longer than the bone penetration section. The bone penetration section includes a distal bone anchor section which threadingly engages the anchor bone, and a proximal fragment section which fits within the overbore created by the bone anchor section. A compression engagement on a distal end of the bone exterior section provides a compression shoulder. The shoulder makes substantial contact with an exterior surface of the bone fragment, biasing the bone fragment toward the anchor bone with a controlled compression force. The compression engagement enables the device to be easily removed from the healed fracture without damaging surrounding tissue.