Fair Value Of A Common Pre-1982 Brass Penny ; 1.25 Cents?

coppertop....who are most hoarders ? Those of us that share our info on here are at about 20%.
And it would be one in every three to make 33%
And who mentioned "mass hoarding " ?
Once again...I ask "What is your motive ?"
The only two reasons I can see for people to discourage are: They work for the mint or they are hoarders.

Interesting... I thought this thread would provoke some good responses I think 1.50 might be the better figure since the 95/5 alloy is useful for bullet casings.

While technically possible, I think the energy inputs for boiling off the zinc would make elemental recovery impractical so much more likely it would be resold as that gilding metal alloy. I guess we don't need NASA though :)

Im not discouraging hoarders.I discouraging people paying above face for them and saving them

I did the same thing untill last year hoarded close to 15,000 60-70's copper cents when copper dropped/crashed from almost $4.00 to $1.10 back in 09 then suddenly this hoard was worth less then face in copper value.
Then I relized how big of a waste it was ( atthat time )

history shows copper does not get much over 4$ a lb then drops very fast with in weeks
If history showed different then I would have held for the long run being history usually repeats itself.

If anyone wants to sell copper cents and make a profit . Go for it I ENCOURAGE PROFIT !
Only thing I discourage is people paying more then face for coppr cents as a gamble thinking they will get rich .

I sorted out all the best copper from my hoard and only ending up keeping the nice S mint marks from 68-74
I feel those will bring a prem in the future.(20 - 30 yrs )

Fenton yes if someone is unemployed and does this DEF A WAY TO BE YOUR OWN BOSS and make more then min wage
USING SORTING MACHINES would be the only way though.
If someone can sort 150,000 cents and get 50,000 copper
200$ and make $100 a week heck its not alot of money but its still a $100 a week
or $5200 a year. ( provided copper stays high for a year , it usually falls every year)

I just dont see it being a long term thing. As copper comes back down I can see people sitting around the garage with sorting machines collecting dust.
If they decide to hoard 100,000 cents for the " next " rise in copper to 4$ a lb agian that is there choice.
I can see people that hoarded these cents at 1.5 censt each fustrated and just spending the coins.

Personally I would sell at the 1.25 -1.50 cents per coin and cash in
being you will not have to invest much becuase you keep turing the coins over and keeping profit
using the profit to buy more coins, You also dont have to worry if copper falls you can always spend it and not loose anything. Just maybe the investment of the sorting machines.


If anyone wants to invest in copper just wait till it crash to $1.00 a lb as it always does
then go buy a few 100 lbs cubes and stash them away
being copper by the pound from scrap will only be $1.00 a lb
and copper from pennies will be around $1.50 in pennies.
I am serious about buying a few 100lbs of copper for my self at 1.00 a lb and waiting then selling for $3.00 a lb when copper gets $4.00+ agian ( $ scrap buyers usually pay %60-%70 of value for metals then resale )
this way there is no gamble about a ban being lifted on copper cents

The stats I posted are true you can not deney .
Zinc/copper cents have been in production 27 years
copper cents 22 years .
the amount of copper/zinc cents in population is huge becuase they have been minted longer and more amounts.
In another 10 years copper would be around 20% then 20years down to maybe 10-15% as the amount of zinc coins rise in circulation. So that could be one reason to save the nice ones for a fact they will be lesser in circulation

Dont get me wrong its a no lose brianer . YOU WILL MAKE A PROFIT SORTING COPPER AND SELLING IT AND NOT LOOSE IF YOU PAY FACE.
BUT YOU CAN LOOSE IF YOU PAY ABOVE FACE FOR THE COPPER.


My suspect is that these people paying 1.25 -1.50 cents might have away of shipping these cents out of the country say to canada or mexico to a " cent collector "and what happens to them happens to them.

Also maineman you are not "hoarding copper".
you are simply seperating it and reselling it to hoarders.
Big diff, you are making a profit and the hoarder/buyer may not.

1.I dumped mine becuase I could by copper blocks for $1.00 a lb why save copper cents when it cost $1.50 a lb for copper?
2.At 1.00 a lb no one would pay above face for them
3.I can do it agian anytime I want when copper is $4 a lb like it is now I can get it from circulation at $1.50 in coins any time any where.
4 I WAS NOT AWARE PEOPLE WERE PAYING ABOVE FACE ON ebay FOR COPPER CENTS at 4$ a lb or I might have saved them
MOTIVES
1 is to make people relize copper/silver/gold values fluctuate and hoarding COPPER is not a IMMEDIATE payoff and MAY NEVER BE.
Buying and selling for above face is great nothing agianst its called reselling and has nothing to do with hoarding.Hoarders that never take a profit but keep hoarding seems unlogical based on the laws of copper coins
2 so you hoard and hoard ? when it is illegal to do anything reguard to melting cents
3 When and who do you sell this hoard to and for how much , being most hoarders never sell but end up dying with hoarded stuff, cars,coins,what they think is art .they end up dying and the children come in and sell it to get ride of it.also consider the melt ban may never lift and that they might die with this hoard if the dont sell it.

So my complaint is not about pulling them from circulation , its hoarding them at this time paying above face for copper ,
They should be selling them like you are to others that are to lazy to pull them themsleves

I kind of wish I had a Great Great Grandfather who horded copper in the 1800's. Would be nice to find a few hundred boxes in an attic :) BOONDOGGLE

Yikes stwearts,
All the big banks has the " bsat"
bank secured asset trust , they were securities back with realestate mortgages that flopped

If this is true banks are gonna do this, this is another run up instead of mortages backed securities
it will be metal backed securities

OH boy another bubble to burst
But why should the banks care they take the investors money pay out a lil in the first few years as the metal goes up
the ceo's vp's walk with billions in bonuses and the investor the shaft
when it falls down