| Author |
 Replies: 31 / Views: 4,488 |
|
Valued Member
United States
161 Posts |
I see all these guys selling copper cents on ebay by the pound and wonder how long it can last. How long do we have before finding a copper cent in a roll is an uncommon event? |
|
|
|
Valued Member
United States
305 Posts |
good question...
I do not have a good answer.
|
|
Pillar of the Community
United States
7840 Posts |
Not sure, but they are drying up in the cash register...and I am doing my part to pull them from circulation!  Edited by oih82w8
10/15/2012 11:59 am
|
|
Pillar of the Community
United States
3184 Posts |
silver coins are far rarer to find and roll searchers are still finding some. Their are a ton of copper coins out there but I think slowly years down the line they will become rare to find in change like silver coins are. I still find copper in change and do my small part but I know there are bigger players out there.
|
|
Pillar of the Community
United States
4212 Posts |
I'm running @ 18% from boxes.
|
|
Valued Member
 United States
161 Posts |
When I roll search I get anywhere from 20-40% copper.
Silver dimes are still out there but I'm lucky to get one in 10 rolls.
Quarters... forget it. One silver quarter per box?
|
|
Pillar of the Community
United States
2602 Posts |
I think it will be 10 or more years before we see any significant drop in the % coppers in a box. People on this site have announced 15-25% range for years. People still find wheats cents in every 10 rolls or so. By numbers there were 10s of billions and billions of copper cents made from 1959-1982.
|
|
Valued Member
United States
161 Posts |
I would be interested in seeing data from anyone who keeps it on 1982 cents. How many zinc vs copper surviving today would give a better idea of the percentage of copper that has been pulled from the market just for the copper.
|
|
Valued Member
United States
141 Posts |
I don't think we will see a shortage of copper cents until 10 or so years after copper cents are legal to melt down. I know many people who pull the copper cents out of circulation but when money gets tight these are the first thing returned to the wild. Many of you are stock piling these coins but I think many more have realized it might be a long time before they will realize a profit on them and think the time might not be worth the effort and the stop pulling them and maybe even start returning them. I know this happened to me.
|
|
Valued Member
United States
250 Posts |
Ya I agree with WVUcoins...all these people who are using machines to go through 100s or thousands of boxes a year I mean eventually you are either going to run out of space...stop doing it all together...or just need the money and sell them all...i personally dont think the cent will be able to be melted down because of how many people are hoarding it and the government stepping in to put some kind of law on it by maybe you send it in to them and they give you certain amount a pound (no where near spot)...idk how it got with silver back in the day either...i would like to know all the old people out there how intense the silver hoarding got when it was announced that silver was going to be taken out of quarters/halfs/dimes...and if so what was the price of silver and when was it actually high enough to make a decent profit...not like a dime was worth 2x face or something like that
|
|
Valued Member
United States
305 Posts |
VGRX: that is the same as what I find.
|
|
Bedrock of the Community
United States
14454 Posts |
I figured there would be copper cents in rolls that your kids or grand kids would be able to pull since they were made in such high quantities. I don't roll hunt so I am not really aware of how it actually looks in rolls
|
|
Moderator
 United States
189270 Posts |
The last few years they were coming up in my change about one in five, down from the peak of one in two during the "great coin jar dump" of 2008. They now seem to be one in seven or eight.
|
|
Pillar of the Community
United States
1770 Posts |
silver quarters is more like 1 every 2.5 boxes - and I need to try a penny box again last time was last yr I believe? and I was pulling about 28-30% ill get one soon and post what I find
|
|
Pillar of the Community
United States
2224 Posts |
Quote:
I would be interested in seeing data from anyone who keeps it on 1982 cents. How many zinc vs copper surviving today would give a better idea of the percentage of copper that has been pulled from the market just for the copper. I don't keep exact numbers, but since I don't have a Ryedale sorter I do hand weigh all of the 82 cents I come across. I would say copper outnumbers zinc about 5 to 1 for me. |
|
Bedrock of the Community
Australia
21788 Posts |
There will be no definite point in time in which the copper cent will not commonly appear in rolls.
They will gradually dissapear. Sooner or later, the roll hunter will come to the decision where it will be simply not worth the bother to look for them.
All of the above answers in terms of a specific point in time must of necessity be speculative. That's OK, much better than no answer at all.
|
| |
Replies: 31 / Views: 4,488 |
Posted 10/15/2012 11:58 am
