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No Copper Cents!- A Sign Of Things To Come Or Is It Here?

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chuckster 125's Avatar
United States
4113 Posts
 Posted 01/11/2012  07:45 am Show Profile   Bookmark this topic Add chuckster 125 to your friends list Get a Link to this Message Number of Subscribers
Picked up $10.00 worth of pennies from a TD Bank yesterday morning. (Brinks Plastic Wrappers)

Not one coin was earlier than 1982 and all 1982's were zinc ( weighed each one I found to make sure!)

Not 1 copper cent in the entire 20 rolls.

This is the first time anything like this has happened.

I don't save all "copper cents" so did copper prices increase to a point that it's being collected like silver etc? or was this just an anomaly?
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PocketChangeJunk's Avatar
United States
125 Posts
 Posted 01/11/2012  08:07 am  Show Profile   Bookmark this reply Add PocketChangeJunk to your friends list Get a Link to this Reply
Probably got some coin roll hunter's dump. Where I live I still average 20- 30% copper. Luck of the draw.
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BadThad's Avatar
United States
19935 Posts
 Posted 01/11/2012  09:17 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
I'd say that was a freak thing. I'm still finding copper.
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ljenkins990's Avatar
United States
406 Posts
 Posted 01/11/2012  09:30 am  Show Profile   Bookmark this reply Add ljenkins990 to your friends list Get a Link to this Reply
I'm still averaging around 20% per roll as well.
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AGCoinHunter's Avatar
United States
625 Posts
 Posted 01/11/2012  09:54 am  Show Profile   Bookmark this reply Add AGCoinHunter to your friends list Get a Link to this Reply
Its out there but the supply seems to be dwindling, slowly. I have seen my percents drop in the two years I have culled CU (from about 22% to around 17% now). Also, I believe the production of billions of new cents every year contributes a lot to the dilution of the supply. I see a lot of newer cents which seem to be on the top of the distribution pile. Don't get me wrong, there are lots of CU cents out there just becoming less and less each passing year.
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Jayman931's Avatar
United States
2651 Posts
 Posted 01/11/2012  11:01 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
Last month when I went to Indiana I got 2 boxes of pennies. I was amazed at the amount of copper that was in those two boxes when compared to any box I have gotten in Mississippi (I would Say Double). I also found alot more wheats than normal. I need to make a return trip soon.
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akane17's Avatar
United States
404 Posts
 Posted 01/11/2012  11:47 am  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
When silver was at $47/oz copper was up to $4.50/lb. Now that it's back down to $3.40/lb I think you'll see a lot less people trying to hoard and flip it.
I know a couple guys in Philly that do between 20-25 boxes a week and dump solely at TD's. So there's a good chance a solid 15-20 boxes in a row may be all zinc.
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chuckster 125's Avatar
United States
4113 Posts
 Posted 01/11/2012  12:54 pm  Show Profile   Bookmark this reply Add chuckster 125 to your friends list Get a Link to this Reply
Thanks Gang!
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United States
836 Posts
 Posted 01/11/2012  12:56 pm  Show Profile   Bookmark this reply Add brenpickle to your friends list Get a Link to this Reply
I am still finding plenty of copper so I vote freak thing.
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Granite's Avatar
United States
297 Posts
 Posted 01/11/2012  1:51 pm  Show Profile   Bookmark this reply Add Granite to your friends list Get a Link to this Reply
Yeah, I agree that you probably picked up someone elses dump. I keep fearing that someday I am going to pick up $10 in cents from a bank and spend an hour for nothing but zinc, but thankfully it hasn't happened to me yet.
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akane17's Avatar
United States
404 Posts
 Posted 01/11/2012  2:52 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
Just a heads up, if I'm not mistaken Ryedale machines don't pull out wheat cents. So don't give up all hope if you see a lot of zinc's. You may not get copper but there may still be wheaties.
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unholyroller's Avatar
United States
1903 Posts
 Posted 01/11/2012  3:37 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
Take it from a ryedale owner, it does pull wheats but will occationally miss a prewar one. Not consistant, but have had one or two slip by, none of which were ever postwar. Have had two wheats slip by in 7500 coins
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jbuck's Avatar
United States
187702 Posts
 Posted 01/11/2012  3:45 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I do not roll search anymore, but when I do get cents in change, I am still getting a fair amount of copper in the mix.

I say when because an increasing number of places are not using cents; they have figured out what the government has not.

For what it is worth, all of them are rounding totals down (that is, rounding up the change due to me), even it if costs them four cents. So much for the price gouging some people claim will happen if the cent is discontinued.
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 01/11/2012  7:24 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
I pickup from TD on a regular basis and always find copper - my vote is for freak!
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DVCollector's Avatar
United States
10045 Posts
 Posted 01/11/2012  9:07 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I say when because an increasing number of places are not using cents; they have figured out what the government has not.
Funny how that works, huh?
As word gets around that copper cents are "worth more", I think they'll get hoarded just like wheaties were, eventually disappearing from circulation.
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everything's Avatar
United States
493 Posts
 Posted 01/12/2012  02:53 am  Show Profile   Bookmark this reply Add everything to your friends list Get a Link to this Reply
Total dump of a copper cent hoarder. ABC news just had a story on it a few weeks ago. Also, some one down south contracted coinstar for 5 million face LMC's over a two year period.

A severe deflationary spiral or complete currency collapse might bring more hoarded copper cents back into circulation though.




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