Getting Rich By Hoarding Copper Pennies!

so, maine, you must be the guy I've got on my watch lists on ebay. I've been thinking of getting into it for sure, but I think i'd need to get a mechanical sorter to make it faster. do you do it all by hand or what?

Sorry to come back again but forgot to say I'm not on an ebay watch watch list ebay scares me,afraid I might click on something and find I just bought the Brooklyn Bridge if you know what I mean.gasman96

johnstac:

I've been hoarding copper cents about 18 months now. So far I've got about 23000. After awhile, I started to save BU coins of all years, (including the zinc 83's and newer). Then I discovered there were all kinds of RPM's, errors, double dies and so forth out there. So I kept accumulating more reasons to search through Lincoln Cent rolls.

None of these coins will ever be rare, (except some of the errors), but it doesn't mean they can't go up in value... Since I have discovered this forum, I have become convinced that some of the best "finds" may be the zinc coins 83 and newer in MS63+. These coins turn to garbage MUCH quicker than copper cents.

Wheat cents, copper cents, errors and varieties, conditional rarities, and the one year 2009 type set. In my view - there are plenty of reasons to search through penny rolls. For me it's the coppers that make it doable, as I would not spend the hours, without the confirmation at least 18 - 20% of the time, that I'm finding something of more than face value.

I believe the Lincoln Cent, and the ban against melting are both gone before the decade is thru...

I, too "hoard" lincolns. I just look through whatever change Ihave at the end of the day and seperate copper and zinc.

If you're getting it for face value, why not?

A couple years back I went to a yard sale that some family was having as their father or grandfather had just passed and they had a huge box full of rolled coin. I was looking through and they had rolls upon rolls of wheat pennies and wanted .60 a roll. Needless to say I purchased every roll they had, I believe it was $40 worth so 80 rolls. I made out real good considering what they sell for on auction sites. I also made out real well on dates, mm's considering they were truly unsearched. I still roll hunt cents all the time and just over last weekend picked up 20 rolls from the bank and found about 60 wheats out of those rolls. And a lot of non wheat coppers.

If you can get copper pennies at face, I say buy them all day long. As ebay sales show, you're getting at least 1.3x face in scrap brass just don't be under any illusion that you're getting 3 pennies worth of value for a penny. That's not how the scrap market works particularly w/r to coins since it is not legal to melt them down.

murrellington the only thing I can think of is someone needed money and cashed in some of their collection. That was an unusually high amount for me. I usually get 1 every two rolls or so. That's been my normal average for the last few years.