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Are Early LMCs Like The "New" Wheat Pennies

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wulffy11's Avatar
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 Posted 03/10/2013  10:04 pm Show Profile   Bookmark this topic Add wulffy11 to your friends list Get a Link to this Message Number of Subscribers
It is very well established that the LMCs from 1959-1982 are made of mainly copper and have sold for decent premiums in bulk lots on ebay. I was just on there and noticed someone has only a handful of early-1960s LMCs for just over double face with two bids. Is this a sign that the earlier LMCs, which I felt have been undervalued, are starting to get noticed? They are still much easier to find in circulation than even later wheats. Any thoughts on this? Here is the link to the auction:

http://www.ebay.com/itm/Lot-of-16-U...em27d08a8aab
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xZACKx's Avatar
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 Posted 03/10/2013  10:17 pm  Show Profile   Bookmark this reply Add xZACKx to your friends list Get a Link to this Reply
Honestly, I doubt it. $0.35 is about the value it has in copper so it's probably just for the copper. Not because they are becoming noticed like wheaties.
Edited by xZACKx
03/10/2013 10:17 pm
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solotime's Avatar
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 Posted 03/10/2013  10:20 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
Zack, they are worth like 2 cents in copper, not 35 cents.
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xZACKx's Avatar
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 Posted 03/10/2013  10:21 pm  Show Profile   Bookmark this reply Add xZACKx to your friends list Get a Link to this Reply
All together?
Edited by xZACKx
03/10/2013 10:28 pm
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solotime's Avatar
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 Posted 03/10/2013  10:36 pm  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
I was reading one about the 1982 pennies. They said the only way to tell if the copper or zinc is by dropping them onto a table or something. So I believed them thinking I won't be able to find out if they copper or zinc. So I was telling my older brother about it. He said nope, I'm wrong. You can just weigh them to see. Copper weight 3.1 and zinc are 2.5. So much for that stupid article, gave me two times more work. I was taking all copper pennies out and separating them from zinc. I threw all the 1982 with the zinc pennies. But I got them all out now. 80% of them were copper.

Two Cents each the copper pennies are worth in any junky condition. If you got a MS-63 1968, that might get you five dollars.
Edited by solotime
03/10/2013 10:39 pm
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daniels's Avatar
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 Posted 03/10/2013  10:46 pm  Show Profile   Bookmark this reply Add daniels to your friends list Get a Link to this Reply
That's what I do when I wanna know what Lincoln is zinc or copper from 1982 or just look for zinc rot or gas bubbles on the surface.
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wulffy11's Avatar
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 Posted 03/10/2013  11:04 pm  Show Profile   Bookmark this reply Add wulffy11 to your friends list Get a Link to this Reply
I also saw a (non-proof) 1963 plain cent bu with one bid for twenty-five cents. Is it only a matter of time until the metal value will keep going up and increase demand for the LMCs? I have almost 20,000 of these saved and eagerly looking for the value to go up. I don't have any intention to sell but just looking for gratification.
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SA4H's Avatar
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 Posted 03/11/2013  04:16 am  Show Profile   Bookmark this reply Add SA4H to your friends list Get a Link to this Reply
He's not getting his money back for sure: $0.30 + 3% fee from PayPal & Final Value fee from ebay + postage & envelope.... he's loosing money.... make profit for ebay!
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n9jig's Avatar
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 Posted 03/11/2013  06:44 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
Zack and Solotime are talking apples and oranges. The ebay listing is for 16 pennies, total value is 30-35 cents worth of copper. Individually pre-82 cents are worth about 2 cents in copper value. Both values fluctuate daily.

daniels: One can tell the difference in 1982 cents by a couple of method. The easiest is sound. Take a known copper penny (1981 or older) and drop it on the desk. Next take a known zinc penny (1983 or newer) and do the same. make a note of the sounds. Drop your 1982's and you can tell which is which.

You can also weigh them. A copper cent will weigh about 3.2 grams, a zinc one about 2.3. For about $5.00 you can get a small scale at a kitchen store that is ideal for this.

You can also make a balance scale out of a popsickle stick or wood coffee stirrer. Balance the stick on a round pencil until it stays level and put a tiny dab of glue so it stays balanced. Put a known copper on one end and your target on the other. If the copper stays down the target is zinc, if the copper rises than the target is copper.
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BadThad's Avatar
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 Posted 03/11/2013  09:34 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Those coins are worth melt, nothing more. That seller is about to learn a lesson about losing money on ebay. LOL

As far as the 82's, the 82 LDC's are the predominant coin. In my experience about 80% of 82's I find are LDC.
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solotime's Avatar
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 Posted 03/11/2013  11:57 am  Show Profile   Bookmark this reply Add solotime to your friends list Get a Link to this Reply
@n9jig, I never clicked the link, somehow I never saw it... I just clicked now and saw the link. I was just telling him that the pennies are worth 2 cents each in copper value. That guy who listed them is going to loose money. He needs to pay for the stamp cost too.

I tried the dropping sound test with the 1982's but can't seem to hear the sound you need.So don't always expect people to do it that way. I also don't have Popsicle sticks.

*I have a hearing problem*
Edited by solotime
03/11/2013 11:58 am
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carmykle's Avatar
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 Posted 03/11/2013  4:24 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
There is only one way to hoard LMCs or LWCs profitably, collect them from change or roll searching. BTW, I found several IHCs in a roll last week. Will wonders ever cease.
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