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 Replies: 41 / Views: 4,072 |
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Valued Member
United States
60 Posts |
Bradford71,
The advice I am going to tell you will save you LOTS of money and time. Find a bank or credit union with a coin counter. Then you wont have to roll the coins. Regard, David
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Valued Member
 United States
286 Posts |
I have an account at a bank with a coin counter, it is simple a matter of time to load all the coins in the car (I live in an apartment and have two flights of stairs to walk and then about 60 yards across the parking lot to my car) before I can take them. I am planning on taking them to the bank with the coin counter this weekend. Thankfully I am not hurting for the cash right now so in a way it is almost like a savings account that I can't spend at the present moment.
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Valued Member
United States
60 Posts |
Awesome. And I hope you're saving your pre-1982 pennies as well. their melt value is 2.5 as of today. in 2008 it became illegal to melt pennies. that might be lifted one day
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Valued Member
United States
286 Posts |
Currently I am not searching pennies, Just have not gotten into them but if the CWR's of dimes remain difficult to find in large enough numbers I might get a box of pennies now and then.
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Valued Member
United States
60 Posts |
cool. I love going through bank pennies. some indians now and then and definetly some wheats
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Pillar of the Community
United States
1770 Posts |
good advice dave like bradford I never have done pennies myself but the way my luck with halves has been going I'm think I'm going to do some penny boxes I've never had any luck with CWR's only time I was lucky this old lady brought in 2 rolls of quarters and one roll had 41 in it HAHA
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Valued Member
United States
214 Posts |
Just to clarify, for pennies: is it 1982 and below is copper or is it 1981 and below? I'm always confused by this.
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Valued Member
United States
417 Posts |
Maybe try reading some books on coins to help.
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Valued Member
United States
60 Posts |
jizer1, 1982 has a mix of copper pennies and also zinc pennies. that was the year they changed the compostition of the penny.
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Valued Member
United States
60 Posts |
if the 1982 penny weighs 3.11 grams, then its copper, if it weighs below 3 grams, its zinc
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Valued Member
United States
60 Posts |
monks, try to get the pennies that are in bags. you'll probably get a lot more unsearched ones
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Pillar of the Community
United States
1770 Posts |
dave, bags from banks? I only know of the 25 dollar boxes
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Valued Member
United States
60 Posts |
hey monk, yea bank bags. they'll have those if they have a coin counter, most likely community banks. if they have a coin counter, they wont have to roll them and send the extras to the federal reserve. they just send out 50 dollar bags
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Valued Member
United States
62 Posts |
What are your finds like? What are your find rates? If you're doing real well there's nothing wrong with that.
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Valued Member
United States
60 Posts |
caincollectorjj. I average 20 % copper pennies out of a $50 bag. so out of 5,000 pennies, 1,000 of them are copper. out of those, around 10-30 are wheats and probably 1-2 indian head.
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Replies: 41 / Views: 4,072 |
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Posted 02/08/2012 11:58 am
