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 Replies: 38 / Views: 3,960 |
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Pillar of the Community
United States
869 Posts |
I say keep all pre82. If they start to trade them for there melt @ $4.00 lb x 50 lbs = $200 (avaraging I get 25 lbs a month) I'm getting paid $2.22 a day just for lookin at them. And they can alway go back to the bank for what I bought them for 10,20 years from now if I want. No loss.
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Valued Member
United States
429 Posts |
I also wonder that the reason some of us hoard them is because we can. They are the cheapest coin around and easy to acquire and if things get tough you can always get your money back. I collect mainly cents and the idea of keeping around a bunch of older coins is more likely on a personal level and how I grew up. My grandfather was a wise man and every time he gave us money he would say "You can not spend it all and you can not save it all". I think I have just kept with this phrase and starting keeping a fair amount of copper coins. I do not keep them all and there is no way to give them all away.
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Pillar of the Community
United States
858 Posts |
I have not begun copper penny hoarding, but pretty much hoard all other older coins. Part of the mint's penny production cost problem is that since that penny is pretty much worthless and not worth alot of peoples time to roll them, so these coins pile up in jars all over the country. There are probably billions of pennies waiting to be rolled and returned to the bank. If all the citizens of America, those who do not collect or hoard that is, rolled their pennies and returned them to a bank, the mint could probably cease penny production for at least a year. Also, that would give collectors, like all of us, a great chance to find some key dates and wheat cents that we are all looking for. Overall, I think we should keep the penny and I love looking at my change and finding the occasional wheat. Imagine how many wheats and indians are out there in jars just sitting, waiting to be found.
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Bedrock of the Community
United States
19930 Posts |
I highly suspect the Gov is pulling all pre-1982 cents from circulation for the copper. They can probably make 20-30 Zincolns from the copper of a pre-1982. As time passes, those high mintage cents from 1959-1981 are going to move up in value. They are either remelted or lost forever in circulation (lost) so the mintage numbers are somewhat meaningless IMO.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
United States
230 Posts |
You know, Lincoln cents are nice. They are simple and look great in higher grades. And when I found a 1909 vdb I almost crapped myself until I realized it had no S :(
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Valued Member
United States
81 Posts |
I wish I had of kept all of the coins I had as a kid as there are no more like them. I keep all pre 82 cents. I am ahead of the game and I can always spend them later if I change my mind.
The word "toxic" has been mentioned. What are you talking about?
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Moderator
 United States
187446 Posts |
Quote:
I highly suspect the Gov is pulling all pre-1982 cents from circulation for the copper. They can probably make 20-30 Zincolns from the copper of a pre-1982. As time passes, those high mintage cents from 1959-1981 are going to move up in value. They are either remelted or lost forever in circulation (lost) so the mintage numbers are somewhat meaningless IMO. I suspect that BadThad is probably correct on all points here. |
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Pillar of the Community
United States
1121 Posts |
Very well put chrsb, I would have to agree.
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Replies: 38 / Views: 3,960 |
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Posted 07/14/2008 5:05 pm
