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 Replies: 27 / Views: 5,008 |
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Valued Member
United States
368 Posts |
hello, I was curious about something. does anyone here still hoard pre 82 cents found in circulation for their copper value? I dont actively roll hunt like in years past, but when I find on it goes into the jar still. thoughts? opinions?
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Bedrock of the Community
United States
11951 Posts |
Sounds like I do the same as your doing.
If I seem them in my change I put them into a bank bag.
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Moderator
 United States
14463 Posts |
I carry very little in pocket change, so each day I pull out and separate the quarters by Clad, Statehood, and ATB. I also check my cents and separate those Wheat Cents, Copper Cents, and Zincolns. I weigh the 1982 cents to put those to the correct group  EDIT - rolled coins I have: 1 LWC27 LMC copper 117 Zincoln |
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Pillar of the Community
United States
997 Posts |
I save the coppers I find in my change or from the occasional roll hunting. I don't suggest it for investment purposes but I am hoping that one day there might be some value to it.
I have a few hundred dollars worth, not enough to get rich on but also not enough to put a dent in the family finances.
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Pillar of the Community
Canada
5239 Posts |
Quite a few of us hoard the copper 1 cent coins. They are sold in bulk lots on ebay for a modest premium over face value, and a not very modest shipping charge. A number of previous threads point out that it is probably of little monetary value to do so. While this is undoubtedly correct, hoarding them from circulation is harmless, costs nothing, as is great entertainment. You just might find a rare date or more likely a rare variety. One thing I have realized about coin collecting over the years is that you always have to have something to hunt for, or there is no fun. |
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Rest in Peace
United States
18456 Posts |
I stopped saving copper memorials a few years ago . At $2.50 a pound I found it fruitless to continue . I'm not getting any younger . So I dump all of them and bought some nice MS Mercury dimes with the total dump money .  |
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Pillar of the Community
United States
4085 Posts |
I save any that I get in change in rolls of 50 and then down to the basement in a box along with their friends.
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Pillar of the Community
United States
790 Posts |
Back in the 80's, my grandpa told me to hang onto coppers, and I've done so, tho not religiously, ever since. I also separate out wheaties, though the ones in circulation are probably so well worn now they aren't worth much more than memorial coppers, unless you stumble onto a rare date.
There are still some of those out there. I recently met a guy who found a 1922 no D in the till at his shop. It's definitely low grade but you can tell what it is (tho I'll take his word it's a NO D, since I don't know how to tell). He's asking $700 for it.
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Bedrock of the Community
United States
94367 Posts |
Gave it up 20 years ago, except for clean wheats.
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Pillar of the Community
United States
4867 Posts |
Do you think the US Mint will every implement an alloy recovery program like Canada?
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Pillar of the Community
 United States
5668 Posts |
I used to hoard them, but they were too unwieldy for a planned future move. Took about 50 lbs of copper cents to the bank earlier this year (non-wheats). Wasn't worth the time or shipping cost to sell them....
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Bedrock of the Community
United States
12819 Posts |
I have a large jar of them... nothing too ungainly. Yet.
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Pillar of the Community
United States
593 Posts |
I just throw the non corroded ones in a plastic coffee can til its full, then another. I separate the S mints into rolls. I'm not sure why I save any except I can cash them in or if I need money to hire my grandson. I got him into coins.
I watch what years, LMC`s or Shield have known errors and try to separate those years and maybe when I have time and a good glass with a light to check them. Like winter coming
I got a 70S small date a while back. several 60d small dates A few more LWC`s from my gal at the market
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Pillar of the Community
United States
790 Posts |
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Pillar of the Community
United States
997 Posts |
Quote:
Do you think the US Mint will every implement an alloy recovery program like Canada? At this time I doubt it. The costs vs. reward is just not enough to do so, even when copper prices were higher. Unless all coins are going to be made of the same alloy (like Canada does) then there would likely not even if prices go up. The private sector would take care of it, either by individuals or companies like CoinStar. The US has 4 different compositions currently made and 5 in common circulation. the hardware needed to pull one type out and ignore another of the same size to go through hundreds of billions of coins probably isn't worth while. I thought I read someplace that the US mint tried this with silver coins back in the 60's, but I don't recall the details and whether it was successful. The Canadian program is simpler due to scale (a tenth the size of US coinage figures) and that the coins remaining/put back are all of the same composition. They can start by size and pull out all the cents, then pull everything except the plated steel. |
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Moderator
United States
188213 Posts |
I keep all of mine. I am not expecting to get rich, I just want to keep them from being melted.  |
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Replies: 27 / Views: 5,008 |
Posted 10/14/2016 10:38 pm
