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COPPERS!

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Adam_E
Pillar Of The Community

Coin Community Supporter Supporter!

United States
1983 Posts

Posted 03/17/2010 07:52 am

Poll Question:

after about a month of having 5,000 pennies on my desk, I decided that I want to look through them for the coppers, I spent 2 hrs last night and came up with about 5-10 dollars of copper. I still need to finish, my question is, is it worth my nights to search through every penny looking for the coppers?

Results:

yes! pull out ALL the coppers you see! it will be valuable in the future!

[63%]

27 votes

NO! its definently NOT worth your time to search for all those coppers

[37%]

16 votes

Poll Status: Open »»

Total Votes: 43 counted »»

Last Vote: 04/11/2010 12:11 am

A wise man learns by the mistakes of others,
a fool by his own.

Edited by Adam_E - 03/17/2010 07:53 am

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thai-vic
Valued Member
Thailand
365 Posts

Posted 03/17/2010 08:10 am

Yes. Ideal opportunity to check for errors as well.

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just carl
Pillar Of The Community
USA
4793 Posts

Posted 03/17/2010 11:26 am

If you spent one minute on each coin you would have used about 3 to 4 days of your life. When you get really old someday, you'll wish you had those back.

just carl

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scmoore61
Valued Member

USA
428 Posts

Posted 03/17/2010 11:44 am

I average about $100 worth a week and it is only worth doing if you enjoy it. I tell people its like fishing. If you fish for all the money you are going to save on food you are probably not good at math. That being said the $20 worth I went through last night netted $5 worth of coppers, 12 wheats and an 1899 IHC.

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Adam_E
Pillar Of The Community

Coin Community Supporter Supporter!

United States
1983 Posts

Posted 03/17/2010 12:16 pm

well I only spend like 1 sec on a coin so....

A wise man learns by the mistakes of others,
a fool by his own.

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jbuck
Moderator

Coin Community Supporter Supporter!

USA
7210 Posts

Posted 03/17/2010 12:18 pm

I am keeping all of my coopers, valuable or not. I would like to see all copper cents pulled from circulation and safely stored away.

Jbuck ... Coin Collector since 1978

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cwb8539
Valued Member

United States
352 Posts

Posted 03/18/2010 2:27 pm

I don't spend time going through bags or rolls, but I keep all the coppers I find out of my pocket change. Just my 2 cents.

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VinceU
New Member

United States
34 Posts

Posted 03/18/2010 7:15 pm

I don't know, but I voted Yes! I'm by no means an expert, but just the sound of looking though coins (for copper) sounds very appealing to me. Isn't that half the reason why we collect coins; to look for them? :)

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CoinHunter53562
Pillar Of The Community

USA
1200 Posts

Posted 03/18/2010 7:24 pm

What harm does it do to look through them for coppers/wheats/Indian Heads/foreign coins/varities? I can go through a box of 2500 cents in 60-90 minutes depending on how tired I am and how often I get distracted. It shouldn't take anyone a minute per coin, but even if it does, there are alot worse things you can do with your life. You could spend it watching Survivor or American Idol, or surfing the internet so I don't see any harm in putting a little bit of time each week into roll searching as part of your overall coin enjoyment and hobby.

Plus, the copper has potential upside if you're keeping them just for the copper, and little to no downside risk. I made a similar statement in another thread along the lines of what people did back in 1965. If they knew back then that silver coins would actively trade at 10-13 times face value, wouldnt they have pulled every single silver coin in circulation? I'm not saying that copper cents will trade at that level or as commonly as junk silver does now, but with the upside being there it would seem silly to me not to sort your pocket change for copper. Just my two copper cents worth... :P

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925dealer
Valued Member

United States
258 Posts

Posted 03/18/2010 8:50 pm

While I will concur that spending time playing with coins (in this case copper pennies) can be considered "wasted time" by some I have a different take. First of all there is just something satisfying about playing with money. It can be a stress reliever to look at all of the neat coins.

Additionally you get the added benefit of "saving" for whatever you may want in the future by keeping some of what you look at. Even if the copper pennies are never valued at more than a penny (which they are, just look at my ebay completed auctions page) then you still have some savings to fall back on in an emergency. As one poster here has on his signature, "Coin collecting is the only hobby where you can be broke and still have money!" While some here may say "A penny saved is not much" I beg to differ as a "Penny saved can be a penny earned" especially since copper pennies really are worth 2 cents each! Add that up over time we start talking real money.

For example let's say you only save $1.00 a day in copper pennies. Multiply that by a year you have $365.00. 10 years you have $3,650.00 (not including for the leap year). Over a 40 year collecting lifetime that is at least $15,000 just in face value of copper pennies. This does not take into consideration whatever bullion or numismatic value they will have by then. For me I think I will continue to look for them, cherry pick them, sell off the remainder for a few dollars profit after expenses and enjoy the experience of pretending to be rich because I am sorounded by PENNIES!

The price of gold, silver, copper and oil are not going up. The value of the US fiat "money" being compared to it is going down! Inflation is government theft by deception. Protect yourself. Got gold, silver and copper?

Edited by 925dealer - 03/18/2010 8:52 pm

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DNA
Pillar Of The Community

United States
1375 Posts

Posted 03/19/2010 3:54 pm

There's no downside to saving copper Cents from circulation at face
value, except possibly their bulk. And, like lafaa said,
it only takes a quick glance at the date to pull a copper Cent
(unless it's a 1982, even then you could set aside all of the '82's
and weigh them on a gram scale later).

Since lafaa123 is young, he could get the most benefit
from saving copper Cents. Who's to say that they won't be traded as
'junk copper' in the same way that common silver coins are traded as
'junk silver'? (and trading them as 'junk copper' makes any melting
bans irrelevant)

IE: If someone born in 1950 started hoarding silver from circulation
in 1963 and still had every coin they'd saved....

GO: (Coin Collecting is) the only hobby that when you are broke you still have money.

DNA: "When you pay with cash, you KNOW when you're broke."

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Wornslick
Valued Member

Coin Community Supporter Supporter!

United States
458 Posts

Posted 03/20/2010 8:44 pm

Quote:
it only takes a quick glance at the date to pull a copper Cent
(unless it's a 1982, even then you could set aside all of the '82's
and weigh them on a gram scale later).

I started setting aside the copper cents last weekend, but I was saving all the 1982's. Is there a differnce in them? Are they copper?

Wornslick

"I Love This Hobby"

" The Sunshine Bores The Daylights Out Of Me "

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Funny Money
Valued Member

United States
60 Posts

Posted 03/20/2010 9:49 pm

the eastly 82's are copper...the later ones are zinc.

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DNA
Pillar Of The Community

United States
1375 Posts

Posted 03/20/2010 10:46 pm

When checking 1982's:
3.11 grams for the coppers, 2.5 grams for the zincs...

GO: (Coin Collecting is) the only hobby that when you are broke you still have money.

DNA: "When you pay with cash, you KNOW when you're broke."

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Metalman
Moderator

Coin Community Supporter Supporter!

USA
6927 Posts

Posted 03/20/2010 10:53 pm

I voted yes on the coppers, but I also keep other things as well and look for other things when I go through Lincoln cents.

If you want to know what else to look for let us know!

Touch not the cat bot a glove!
http://www.coincommunity.org/galler...hp?cat=10006
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KNOWLEDGE- THE KEY TO COLLECTOR SUCCESS !
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WHO'S TEACHING YOU ?

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925dealer
Valued Member

United States
258 Posts

Posted 03/21/2010 09:47 am

Another thing to keep in mind is that a majority of all coins dated 1982 are copper. It is the zinc ones that are rarer. I am currently doing a study to help determine which are the rarest of the 1982 coins. Will get back with everyone on that in a few more weeks. Sincerely, John Leckrone

The price of gold, silver, copper and oil are not going up. The value of the US fiat "money" being compared to it is going down! Inflation is government theft by deception. Protect yourself. Got gold, silver and copper?

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