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Replies: 36 / Views: 5,014 |
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Pillar of the Community
United States
4113 Posts |
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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Valued Member
United States
125 Posts |
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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Bedrock of the Community
United States
19935 Posts |
I'd say that was a freak thing. I'm still finding copper.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
United States
406 Posts |
I'm still averaging around 20% per roll as well.
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Pillar of the Community
United States
625 Posts |
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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Pillar of the Community
United States
2651 Posts |
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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Valued Member
United States
404 Posts |
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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Pillar of the Community
 United States
4113 Posts |
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Pillar of the Community
United States
836 Posts |
I am still finding plenty of copper so I vote freak thing.
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Valued Member
United States
297 Posts |
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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Valued Member
United States
404 Posts |
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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Pillar of the Community
United States
1903 Posts |
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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Moderator
 United States
187702 Posts |
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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Pillar of the Community
United States
2541 Posts |
I pickup from TD on a regular basis and always find copper - my vote is for freak!
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Bedrock of the Community
United States
10045 Posts |
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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Valued Member
United States
493 Posts |
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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Replies: 36 / Views: 5,014 |