Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Is Saving Pre 1982 Copper LMC A Good Idea Or Not?

To participate in the forum you must log in or register.
First Page Previous Page  Showing last 15 replies.
Author Previous TopicReplies: 53 / Views: 7,398Next Topic
Page: of 4
Pillar of the Community
United States
1116 Posts
 Posted 06/29/2012  12:18 am  Show Profile   Bookmark this reply Add ghostrider to your friends list
I weigh 1982 pennies and I find that there is not a clean break between what a copper and zinc penny weighs in at.

Anything above 3.0 grams on my scale I consider copper, and anything 2.9 or less I consider zinc. I realize that I may be consigning a 2.8 gram copper coin to the zinc pile but maybe I should be drawing the line a little closer to the 2.8 line. After all some copper may have been rubber off but then again maybe the copper mixture in the zinc penny could have been a little greater.

I still consider penny sorting to be worthwhile especially when watching the news and the nights I can't sleep. It beats drinking.

{edit} I also keep all 1982's just segregate the copper from the zinc. You can get an inexpensive scale that weighs grams rather cheaply from either Harbor Freight or Northern Freight. I can't keep the two straight. Anyway it's Chinese made but it works.
Edited by ghostrider
06/29/2012 12:21 am
Pillar of the Community
United States
4897 Posts
 Posted 06/29/2012  12:23 am  Show Profile   Bookmark this reply Add amida17 to your friends list
If you are just after copper only keep 1981 and before. If, however, you want to collect cents, hang out here and search the forums for what varieties to look for. There are far too many to be listed or learned in one thread.


Have fun hunting!
New Member
United States
30 Posts
 Posted 06/29/2012  03:57 am  Show Profile   Bookmark this reply Add royscoins to your friends list
you could always by a scale and separate the 82 copper 3.11 from the 82 zinc 2.4 grams.
Pillar of the Community
United States
2295 Posts
 Posted 06/29/2012  08:57 am  Show Profile   Bookmark this reply Add wquinn to your friends list
The best way to tell the copper from the zinc, is to build a balance with a popsicle stick and glue it to a pencil. And put a copper cent on one end. If it balances, then the other cent is copper. If not, then it is zinc.

Just make sure the popsicle stick is in the middle of it, when glued to the pencil. Otherwise it won't balance correctly.
Valued Member
United States
90 Posts
 Posted 06/29/2012  11:11 am  Show Profile   Bookmark this reply Add ant024 to your friends list
Thanks for all the help
Valued Member
United States
76 Posts
 Posted 06/29/2012  12:02 pm  Show Profile   Bookmark this reply Add RealMetal to your friends list
I keep all my 1982 pennies separate from my other stash. Someday when I get around to it (maybe in retirement and copper is $30/lb!) and don't have anything else to do I will sort those out and keep the copper ones.

Other CCF members might laugh at me but I do believe that someday (hopefully when I reach retirement age) even zinc pennies will be worth what copper pennies are worth today just for the value of the zinc. More if the zinc pennies are in pristine condition.
Pillar of the Community
United States
2077 Posts
 Posted 06/29/2012  4:29 pm  Show Profile   Bookmark this reply Add OldSkoolMadSkilz to your friends list
Probably wouldn't make it a significant part of your retirement portfolio. Besides just the copper value, I'd think inflation would exceed the numismatic value for at least a decade. I'd say only save them if they are AU.
Valued Member
United States
417 Posts
 Posted 06/30/2012  07:34 am  Show Profile   Bookmark this reply Add ram96 to your friends list
I will take a couple of boxes to the next local show. If someone is buying them I will let my grandson sell the and use the money for buying coins to fill holes in his books.
Valued Member
United States
234 Posts
 Posted 06/30/2012  08:06 am  Show Profile   Bookmark this reply Add StashTreasure to your friends list
Finally I can fight my insomnia,make a few bucks. I wonder would the gov miss a few fuel drums full of em
Pillar of the Community
United States
1088 Posts
 Posted 06/30/2012  10:56 am  Show Profile   Bookmark this reply Add stud722 to your friends list
The way I see it, if I save them and they go up...AWESOME! If I save them and they do not increase in value much, oh well no harm done. I Pull them out of circulation change I get. Put them in rolls and they store pretty easily and do not take up much room.
Pillar of the Community
United States
959 Posts
 Posted 06/30/2012  12:34 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list

Quote:
I'm sitting on several hundreds of dollars worth, and counting. I don't go through rolls specifically to pull copper, but since I search for varieties I keep the copper.





What can it hurt? If the world economy ever gets its act together, copper is one of the metals that will be in high demand! Nothing over face value invested anyway.
Pillar of the Community
United States
959 Posts
 Posted 06/30/2012  12:45 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list

Quote:
ive been sitting on thousands of dollars worth of cents for many many yrs, theres literally no risk its money I dont really need right now only problem it basically takes away most of a room hahaha plus a filled closet



With that much weight, I hope they are on the bottom most floor in your house, or the floor supported. I keep my stash in the basement.
Pillar of the Community
United States
8516 Posts
 Posted 06/30/2012  2:55 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
Yeah, once you start hoarding copper you need to find a permanent place for that 5 gallon bucket, lol.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Pillar of the Community
United States
4897 Posts
 Posted 06/30/2012  3:08 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
It seems that, in the long run, if I had "thousands" of dollars in copper cents they would be better invested and not hoarde. IMO
Valued Member
United States
493 Posts
 Posted 07/03/2012  9:48 pm  Show Profile   Bookmark this reply Add everything to your friends list
Someday, once they are hoarded up, they will sell the same as 90% silver does now. Good for weighing down a safe. In currency collapse, they will still be an acceptable form of payment, just like 90% would. The reasons to keep some of these around are endless. They make good spacers, and crush washers as well, ok, that last one was a stretch :)
Previous TopicReplies: 53 / Views: 7,398Next Topic
Page: of 4
First Page Previous Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.3 seconds to rattle this change. Forums