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Do You Keep Copper Cents For Bullion?

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Bedrock of the Community
United States
12477 Posts
 Posted 12/30/2016  04:31 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list
Are pre-1982 US cents bronze?
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/30/2016 04:32 am
Rest in Peace
United States
17900 Posts
 Posted 12/30/2016  07:57 am  Show Profile   Bookmark this reply Add moxking to your friends list
No no no no,
I don't save them no more,
I'm tired of lifting them up off the floor.
No thank you please...
Pillar of the Community
United States
2130 Posts
 Posted 12/30/2016  08:26 am  Show Profile   Bookmark this reply Add Connor to your friends list
I only save the coppers I get back in change. I really don't spend nearly as much cash as I use to so I don't have that many. I would never coin roll hunt just for coppers.
Pillar of the Community
United States
3079 Posts
 Posted 12/30/2016  08:34 am  Show Profile   Bookmark this reply Add Circus to your friends list
Not worth the time, scrap piping and wire house type not phone/computer type are worth more. Besides you may grow old waiting to sell them as scrap! My parents had 7 3 lb coffee cans filled from about the 30's to modern dates. I sorted them into 81's and post 82's then either cashed them in of swapped them with members of this forum for their unwanted tokens.
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United States
54283 Posts
 Posted 12/30/2016  08:35 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list

Quote:
the melt value for 95%/5% zinc cents is $0.0167.


The problem is:
1) Illegal to melt.
2) If it were legal, you couldn't sell them for melt value.
3) Too bulky and heavy to keep and store any significant dollar amount.

I figured this out once...
There are about 294,000 "copper" cents in a TON. This means if you had close to $3,000 in cents, the weight would be 2,000 pounds. Now that's a "ton of money".

That would be 5,880 rolls. That would take up a bit of space.

$10,000 in "copper" cents might just collapse the floor and if you live in an upstairs apartment, you might just kill someone.
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Pillar of the Community
United States
6130 Posts
 Posted 12/30/2016  08:42 am  Show Profile   Bookmark this reply Add Finn235 to your friends list
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United States
5029 Posts
 Posted 12/30/2016  09:35 am  Show Profile   Bookmark this reply Add scopru to your friends list
No - I started to at one time but no longer. Got to be too many coins taking up too much space.
Edited by scopru
12/30/2016 09:39 am
Rest in Peace
United States
18456 Posts
 Posted 12/30/2016  10:10 am  Show Profile   Bookmark this reply Add T-BOP to your friends list
I stopped saving 95% copper cents ,other than Wheaties about 2 years ago when I realized I was peeing against the wind . So I decided to dump them all and bought some gem bu FSB Mercury dimes with the dump money .
My friends please adhere to my words; It's just not worth the time ,effort ,and room to pursue this craziness .Cash in and reap the harvest of nice collector coins !
Pillar of the Community
United States
3843 Posts
 Posted 12/30/2016  1:12 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
Used to keep the copper pre-1982 cents but don't save many these days. Seems to be wasted space and effort.
Pillar of the Community
Canada
693 Posts
 Posted 12/30/2016  1:17 pm  Show Profile   Bookmark this reply Add Scissel to your friends list
I haven't saved copper cents for their bullion value. I didn't think I'd have the space for them. Although I did pick up about a dozen of those one ounce copper rounds, since they have some interesting designs. I paid about $3 each and the bullion value is something like 25 cents apiece. I'm trying not to think of the logic in that.
Bedrock of the Community
Australia
21788 Posts
 Posted 12/30/2016  6:05 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
ALL Cent coins are annoying to receive in change.

Just throw those you get into an old cookie jar or similar.
When you have accumulated a lot, include them in your recycling trash bin. All metal should be recovered by your municipal authority.

If you happen to be a CRH'er, go through them before throwing the rest into the recycling bin.

I find all Five Cent and Ten Cent coins annoying as well, and just return those to the bank in bulk.
Bedrock of the Community
United States
12477 Posts
 Posted 12/30/2016  9:21 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list
Finn, thanks for posting the link to your experience. I'm enjoying everyone's advice.

I expected mostly No's but am surprised to see several Yes's. If anyone that does is willing to share their story, it'd be much appreciated!
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Valued Member
United States
397 Posts
 Posted 12/31/2016  07:50 am  Show Profile   Bookmark this reply Add smoke1439 to your friends list

Quote:
I expected mostly No's but am surprised to see several Yes's. If anyone that does is willing to share their story, it'd be much appreciated!


Yes I do save pre 82's Lincoln cents. Why, I don't know. As many have already stated it may take years before they are worth anything more than a cent, if then. I don't have any children just nephews and nieces. Just the thoughts of them moving those boxes of cents out one day with one hand will be worth the effort. Yes I said one hand, because they will have some type of electronic device in the other.
Seriously, I have the space and time so a $1000 of LMC isn't going to change my life style, so why not. If logic and or rationality was my reasoning for everything I do my friends and family would think I'm sane.
Valued Member
United States
343 Posts
 Posted 12/31/2016  07:54 am  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list
I have been lately. Not sure why either. Call it more savings I guess.
Bedrock of the Community
United States
36845 Posts
 Posted 12/31/2016  12:17 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
They do take up space but I keep them anyway. Stored in bank $50 canvas bags. Not being rolled, it makes it harder to get rid of them if I felt like doing so. I still remember silver coins back in 1965-66 and how few people were actually saving them.
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