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








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 It Worthwhile To Hoard Copper Pennies?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 174 / Views: 27,094Next Topic
Page: of 12
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 09/13/2024  11:03 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Whoa baby!
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
 Posted 09/13/2024  11:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
My quaternary investment strategy may pay off after all.
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 09/13/2024  11:28 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I wonder if those have been searched.
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
Valued Member
United States
397 Posts
 Posted 09/28/2024  2:57 pm  Show Profile   Bookmark this reply Add AllSeasons to your friends list Get a Link to this Reply
Haven't posted in this thread in a while, but I'm now over 54k in copper pennies. Let's see when I can hit 100k

Cheers!
Moderator
Learn More...
Spence's Avatar
United States
34397 Posts
 Posted 09/28/2024  3:11 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Yikes @all. If my math is right, you've got a little under 400 pounds of them lying around.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
 Posted 09/29/2024  1:19 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Haven't posted in this thread in a while, but I'm now over 54k in copper pennies. Let's see when I can hit 100k
Valued Member
smauggie's Avatar
United States
271 Posts
 Posted 10/23/2024  1:55 pm  Show Profile   Bookmark this reply Add smauggie to your friends list Get a Link to this Reply

Is-It-Worthwhile-To-Hoard-Copper-Pennies?

I collected copper pennies when I lived in Panama, including Panamanian copper pennies (made at the US mint with identical planchets as US pennies of the time).

A few are corroded but there are still quite a few in decent condition.
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
Pillar of the Community
mrwiskers's Avatar
United States
1780 Posts
 Posted 10/23/2024  5:21 pm  Show Profile   Bookmark this reply Add mrwiskers to your friends list Get a Link to this Reply
based on today's spot prices, it takes 1236 pounds of copper (1377 pounds of pennies) to equal one ounce of gold ... hmmm ... that being said, I also hoard copper pennies ...

Is-It-Worthwhile-To-Hoard-Copper-Pennies?
Edited by mrwiskers
10/23/2024 6:23 pm
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
 Posted 10/23/2024  5:34 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
based on today's spot prices, it takes 1236 pounds of copper (1377 pounds of pennies) to equal 1 ounce of gold ... hmmm


Quote:
... that being said, I also hoard copper pennies ...
Valued Member
United States
392 Posts
 Posted 10/31/2024  11:51 am  Show Profile   Bookmark this reply Add Parnelli917 to your friends list Get a Link to this Reply
I was foolish enough to hoard cents in 1981-82 because of the copper shortage. Spot copper has appreciated over the years, but I thought I'd be able to find lots of rare, valuable coins when I reviewed them. About 30lbs of cents. Very little of them were "fresh". I had not kept them safe from environmental damage. In hindsight, I should have just taken them to a coin machine!
Moderator
Learn More...
jbuck's Avatar
United States
188066 Posts
 Posted 10/31/2024  12:13 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I had not kept them safe from environmental damage. In hindsight, I should have just taken them to a coin machine!


A coin machine may still take most of them.
Valued Member
United States
117 Posts
 Posted 11/24/2024  09:28 am  Show Profile   Bookmark this reply Add Bosstone100 to your friends list Get a Link to this Reply
Do your hoarded copper cents include Wheaties or do you separate those out? That's what I do but I don't have a ton of them lying around. Wrapping up cents is not cost effective to me.
Moderator
Learn More...
Spence's Avatar
United States
34397 Posts
 Posted 11/24/2024  6:13 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@boss, in general wheat cents are worth three to five cents each and therefore are worth separating for sale.
"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
  Previous TopicReplies: 174 / Views: 27,094Next Topic
Page: of 12

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 0.41 seconds to rattle this change. Forums