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 Replies: 16 / Views: 6,167 |
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Valued Member
Canada
202 Posts |
So sorry if this topic is already covered elsewhere, I did searches trying to find out what I needed but nothing came up.
I'm up in Canada building my own copper hoard of our up-to-1996 pennies and I get the odd US pennies in the rolls from the bank. I'm saving the copper ones from there, but not sure what to do with the zinc..
My first inclination is to think "Canada already transitioned to steel, so zinc must be a metal to keep for the future like copper and silver".. but is that right? Am I just wasting space thinking these Cdn and US zinc pennies will jump like the other metals?
Thanks! Edited by darcyrmt
08/04/2012 3:20 pm
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Valued Member
United States
397 Posts |
Personally, as a pure guess, I don't see Zinc jumping up to make it worth it to make money off of like copper.
But... you could always get an album and start a new collection... :-)
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Pillar of the Community
United States
4897 Posts |
 To CCF! I cant speak in regard to the future metal value of zinc. But It is worthwhile to save BU examples of 1982-1988 zincolns. These, I believe, will out pace copper values of pre 1982 cents. |
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Pillar of the Community
United States
2077 Posts |
I think zinc LMCs will be in circulation for quite a while if they don't all disintegrate first. You probably are safe in holding off for a while.
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Pillar of the Community
United States
4132 Posts |
No way. You will be able to get zinc pennies for face value for a long time. The only reason copper ones are worth saving for bullion value (and even that is debatable) is because they're disappearing from circulation.
I agree that high grade examples with no plating bubbling, particularly the early years, will have some numismatic value.
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Valued Member
 Canada
202 Posts |
@amida17, what is special about the 1982-88 coins? I know they are the first zinc ones, but is there something such as they were "constructed" better?
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Pillar of the Community
United States
4897 Posts |
@darcy...quite the opposite they were poorly made. Many have already rotted away. High grade/problem free ones are difficult to find.  |
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Valued Member
Canada
135 Posts |
I would save good examples of the crappy, non copper Canadian pennies. (Zinc or Steel)
Not for the metal, but for the potential numismatic value.
From the collector point of view, once the destruction starts, coins from the last decade will become scarce rather quickly while older pennies will be coming out of the wood work for years down the road.
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Pillar of the Community
United States
1770 Posts |
ive saved a 5 gallon container of the early zinc yrs (still mostly uncirculated) actually did it by accident when I used to separate the zincs and coppers back in the early 80s and only recently discovered it so ill basically hold on to those
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Bedrock of the Community
13014 Posts |
Cant hurt. Especially for people in the US worse case you end up with face value which is hopefully what you paid for them
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Pillar of the Community
United States
965 Posts |
i don't think its worth it to save zinc. Hope it helps!  |
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Pillar of the Community
United States
543 Posts |
Kind of like BadThad does, I save zinc in high grade (LMCs) I get excited when I see Zincolns from the 1980s still in good shape with luster. I don't think the zinc itself will be worth anything like copper, even though the two are nonrenewable resources. Because of how many cents are corroded when I search through boxes, zincs in high grade seem like a treasure. There will probably be a payoff for those before zinc eventually shoots up in value.
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Bedrock of the Community
United States
20753 Posts |
The answer is YES. And for many reasons too. 1. Zinc could eventually be found to be a metal that can be trasformed into Gold. 2. Zinc could eventually be found to cure the Common Cold. 3. They are still required to complete an Album of Lincoln Cents. 4. If you look carefully, there are some that are worth a lot of money. And don't forget the 72 and 95 Doubled Dies. 5. Watch for that 83 Copper one too. 6. They make fantastic shining items for inside a paper weight. 7. The more you take out of circulation, the more mine will be worth. Eventually Canada and Mexico will be annexed into the USA. Canada will be the largest State and you'll all have to start using Penniese again anyway.  |
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Valued Member
United States
350 Posts |
Hang on to the copper. I would have little hesitation letting the Zinc go...
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Pillar of the Community
United States
4897 Posts |
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Bedrock of the Community
United States
20753 Posts |
SEE. One of my suggestions is already in use. Glad I didn't say Arsenic for the common cold. |
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Replies: 16 / Views: 6,167 |
Posted 08/04/2012 3:25 pm
