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 Replies: 11 / Views: 1,592 |
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Pillar of the Community
United States
3079 Posts |
Separating copper pennies fron zincs when rolling? I'm a token collector not a coin collector first off. My mother was a coin collector,  She never meet a State Quarter she didn't have to keep, But that's another story. She has about 7 to 10, 3 pound coffee cans filled with pennies. I have been separating the Canadians out since they seem to have some value to collectors that don't get them daily in change. But after going through a couple of cans, separating the pre-1982's ( I am not going to way them to pull the coppers out. So I have been doing rolls of 1981 and earlier mostly from the late fifties and newer so far. This is what I have been told to do, by a couple of coin collectors I know. Because they claim that you can see the pre-81 rolls for a premium. First question is it true that they can be sold for a premium above the roll value? Other than saving them for their copper/zinc melt value. Is it worth it? It is an activity during Boob tube watching, so I'm not doing this on its own. And no I don't have any interest in coin collecting! Edited by Circus
07/05/2015 07:40 am
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Pillar of the Community
United States
1414 Posts |
If they are after 1958 and are not BU then no premium unless there happens to be an error. Also, a few dates may be a little scarce if in high grade. Have you checked for errors and are there any Wheat cents (Pre-1959) in there?
Edited by kakaratt77
07/05/2015 08:27 am
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Pillar of the Community
 United States
3079 Posts |
Have no idea or care to learn about errors. Most are 1959 and newer all are circ. only one or two wheaties have showed up so far but I might not have hit the cans with the wheaties in them yet.
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Pillar of the Community
United States
1414 Posts |
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Pillar of the Community
United States
1414 Posts |
Ok, looks like you don't PM available or wish to receive email. Can you go to my name and send me a message please. Thanks!
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Pillar of the Community
 United States
5828 Posts |
Pre 1959 cents have a bigger premium over LMC's. Make sure not to put these in rolls with normal coppers, but rather in their own rolls. You can sell a roll of "Mixed" Wheat Cents (Pre-1959 cents) on ebay for $4. |
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Pillar of the Community
United States
650 Posts |
Some people save the copper 1959-1981 Lincoln cents because of the speculation that copper prices are bound to go up in the future. To a collector, unless they are in uncirculated condition, they are probably not worth much at the moment.
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Pillar of the Community
United States
4809 Posts |
As Child notes, you may want to sort out the wheats and sell those separate. Some folks buy copper off the bay but those are mainly copper hoarders hoping to cash in some day. Most collectors aren't interested in rolls of LMCs unless they are packaged and rolled by date/mm. And at that the price has to be right including shipping.
Myself, I wouldn't bother. Not worth the effort for minor ROI.
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Pillar of the Community
United States
6130 Posts |
I wouldn't bother rolling the '59-81. If you have a scale, they sell best on ebay by weight, usually 5, 10, or 25 pound bags (143 copper cents to a pound, btw). It would be hard to make a profit after shipping charges, but the market and demand picks up if copper goes up. Personally I would separate out all wheats and all S mints and coins from the 60s or 70s with brilliant luster. If this collection is a long time in the making (i.e. she started in the 60s or 70s) there is a good chance she could have a valuable dare variety in there. At a minimum, separate out the '70-s and check for the small date variety--you shouldn't have more than 20 coins to search, and the small date is quite valuable for a modern cent. Truthfully, if you are interested in making a lot of money for your time, I would skip pulling the coppers, since you are likely to come out at $4-6/hr after all is said and done. This is coming from the guy with 80 pounds of copper and no idea how or when I'm going to get it out of my garage. |
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Pillar of the Community
United States
2168 Posts |
If you are looking at them anyway, why not just place in 2 containers and keep apart. The pre 1982 (and Some 1982 as well) are 95% copper and to me worth holding on to.
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Moderator
 United States
188213 Posts |
Quote:
If you are looking at them anyway, why not just place in 2 containers and keep apart.  |
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Pillar of the Community
United States
6130 Posts |
Also, it's probably worth mentioning that the ratio of copper:zinc '82s is close to 20:1. They didn't actually get the new planchets approved until November, so zincs are reasonably hard to come across, comparatively speaking. Just do a simple coin toss and listen for a ring or thud to differentiate between them. 1982 coppers should make up a good 10-15% of your total copper yield, with a mintage of 16 billion across both mints.
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Replies: 11 / Views: 1,592 |
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Posted 07/05/2015 08:34 am
