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 Replies: 22 / Views: 5,416 |
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Moderator
 United States
188440 Posts |
I agree with BadThad.
If people really found it necessary to melt coins to get the full value, then we would not have the seemingly unlimited supply of junk silver at coin dealers and shows.
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Valued Member
United States
323 Posts |
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Pillar of the Community
United States
3098 Posts |
[quote]In fact, they're better unmelted because the weight and purity are guaranteed as cents. [quote]  Plus, there just might be a few Wheaties!  |
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Pillar of the Community
United States
3077 Posts |
not in my copper hoard but there is a very good chance of some 72 DDOs my eyes just aint good enuff to see them
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Bedrock of the Community
United States
17884 Posts |
Quote:
Oh wait that already happened in SC It was Ohio. |
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Pillar of the Community
United States
1807 Posts |
$0.0165011 is the melt value for the 1909-1982 copper cent on July 24, 2009. It was Jackson Metals in Ohio but I think it was just a rumor.
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Pillar of the Community
United States
1042 Posts |
Just a "sub-question" related to the original question posed... The 1982 Lincoln Cent... Is that date worth saving if your main reason for saving it is for the copper-value? What percentage of them were minted using the zinc? |
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Valued Member
United States
240 Posts |
You can check << (0124) This link is not allowed by the Staff >> .com to see what US and Canadian coins are worth as bullion. Base metal and silver are included.
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Pillar of the Community
United States
2520 Posts |
Quote:
You can check << (0124) This link is not allowed by the Staff >> .com to see what US and Canadian coins are worth as bullion. Base metal and silver are included. I've tried posting a link to this site too. Apparently (Name of site not allowed to be mentioned) was responsible for spamming on this forum. But I find the information useful as you apparently do. |
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Pillar of the Community
United States
1042 Posts |
I can find the day-to-day prices of copper bullion...
My question is strictly about the 1982 cent. I've read that some were minted using copper, and some using mostly zinc. Is it worthwhile for me to save each and every 82?
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Pillar of the Community
United States
1450 Posts |
About 2/3 of 1982 cents were copper about 1/3 zinc core. A scale will tell you which are which. Some folks separate them by the sound they make when you drop them on a table.
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Bedrock of the Community
United States
20753 Posts |
Several things to consider. 1. For one thing you would really have to have a lot of Copper coins for a metal recycler to take the chance paying for a few pounds of coins. 2. Unless you know the exact location of a metal recycler that would purchase your coins, you would be driving around a lot looking for a place to accept yours. With gas prices as they are, hopefully your car gets great gas milage or the cost of gas would surpass what you would profit. 3. I suppose you already know that calling a metal recycler and asking over the phone if they would purchase you Copper coins would not get a great response. 4. There are some metal recyclers around me that have been known to contact the authorities about individuals attempting to sell coins. 5. You may end up having melted a coin worth hundreds or even thousands as a coin value. An altenative is to purchase a smelter for metal. Melt down all coins. Learn how to separate Copper, Gold, Silver, Zinc, etc from the pile of stuff you just melted. Ship all to Mexico for producing jewlery.  |
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Pillar of the Community
United States
2520 Posts |
Sometimes things tend to get over analyzed! The simple solution with no illegal activity is to roll your coppers up and sell them like you would rolls of silver (as bullion). A member on this forum recently sold his for 1.2 cents each. When copper was up a year ago and melt was 2.5 cents, I saw many people selling their copper cents for 2 cents each. Copper is on the rise again, If it keeps climbing I might start rolling!
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Pillar of the Community
United States
1042 Posts |
"5. You may end up having melted a coin worth hundreds or even thousands as a coin value." enough said...  Very good point, and I'd honestly hate myself if I knew that I'd done that.. I've just finished rolling almost $100 of copper cents. (don't fret, I've kept all the nice *shiny* ones, and all of the key dates that my old eyes could find.) :) The bundle will be turned back into circulation sometime during the week...exchanged for others for me to sort thru... |
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Bedrock of the Community
United States
17884 Posts |
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Replies: 22 / Views: 5,416 |
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Posted 07/21/2009 12:49 am
