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 Replies: 26 / Views: 4,334 |
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Valued Member
United States
306 Posts |
Quote:
The bottom line is that there are a whole lot of nice wheaties and copper pennies tied-up in basements or heading to a smelter. This makes me sad.  Pre-'82..I personally keep all wheats and S mint marks (unless they are completely trashed) and anything that is fully struck and in nice condition. Wheats get rolled by date and mm and everything else goes into a 5 gallon glass jug (In 10+ years roll searching and what not...I have 1 that is 3/4 full). Anything "collectable" i.e. MS-60+ or error or variety gets an airtite or 2x2. As for hoarding copper I have some...never really understood why people buy copper bars and such when you could just save pennies. I have a few boxes maybe someday I'll sell 'em. |
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Valued Member
Canada
189 Posts |
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Pillar of the Community
United States
7840 Posts |
It depends on what your time is worth. It's worth it to " me". I pull copper out of the tills at my part time job whenever I hear the " coin roll busting" song.  Edited by oih82w8
04/17/2013 3:33 pm
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Valued Member
United States
134 Posts |
I don't go through a whole lot of pennies, probably around 20 t 30 rolls a week, and, yes, I do pull the copper, along with the wheats, S mint marks, reds, and other superior conditioned cents. I know it is not worth a lot of high volume folks' time to pull them, but I don't mind - just throw them in a large container. The coppers usually amount to about 20-25% of what I'm looking at and it's sort of a waste hauling them back to the bank.
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Pillar of the Community
United States
1217 Posts |
I look for wheats, copper, Indian heads, proofs, s mints and other bu pennies older than 82. I sell all the coppers I get for 160-165$/100$ face - and not on ebay so I keep the profit. I do 200$ or more/week. It adds up |
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Pillar of the Community
United States
5210 Posts |
I just sold 80lbs of copper LMC to a guy today for $3 lb. That's $116 profit in my pocket. Now I just need to find someone to take the other 150lbs of my hands at a good price. If I had a steady buyer I would invest in a sorting machine but for now it's the thrill of the hunt the old fashioned way. |
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Valued Member
United States
98 Posts |
It is certainly worthwhile to separate the coppers from the zincolns. The main thing to account for is the time value of your labor. Currently my change consists of about 20% coppers and 80% zincolns. I don't spend the coppers.
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Valued Member
United States
144 Posts |
If you are searching the rolls anyway, then it is worth it to save the coppers along with any wheat pennies, etc.
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Pillar of the Community
United States
1217 Posts |
Jeckel - thats a good price. Wish I could find someone here. Maybe I haven't looked hard enough.
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Pillar of the Community
United States
811 Posts |
i sold several 50.00 lots on the bay for 70-80 dollars.when you factor in fees you dont make much but at least its a proffit.later greg
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Pillar of the Community
 Canada
1980 Posts |
isn't it funny how I started this thread in a canadian coin forum, mods move the thread and now its an american thread
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Pillar of the Community
Canada
1980 Posts |
as our pennies are 98% copper
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Valued Member
United States
256 Posts |
Since I'm already searching Lincoln rolls, it hardly seems like extra work to set aside the copper. Been doing it for years, so I'm not in it for a quick score. I separate out the wheats, the nicer Lincolns, and the S mints. I also get a fair number of Canadian cents too.
I'm guessing I have about 46,000 Memorial Lincolns in a big, thick glass jar.
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Valued Member
United States
75 Posts |
People keep saying they save the s mint pennies... Are all s mint pennies valuable regardless of the year?
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Moderator
 United States
189340 Posts |
Generally speaking, yes, since their mintage numbers are usually lower than the other two mints.
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Replies: 26 / Views: 4,334 |
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Posted 04/17/2013 11:46 am
