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 Replies: 16 / Views: 2,482 |
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Valued Member
United States
51 Posts |
i start collecting pennies before 1982 because I read the article that pennies before 1982 is valuable metal and cooper but I have just watched a video from youtube that pennies are not valuable and its illegal to melting down the pennies.. I dont know who I'm going to believe please help  |
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Moderator
 United States
14463 Posts |
both of those statements are correct. The mint transitioned the metallic content of the cent mid-1982, so cents prior to 1982 & part of the 1982 cents are 95% copper 5% tin/zinc, cents after 1982 & part of the 1982 cents are 97.5% Zinc, 2.5% Copper. It is illegal to melt cents. For this and more information, follow this CCF link to Lincoln Memorial Cents |
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Pillar of the Community
United States
1249 Posts |
Fuzzy hit the nail on the head.
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Valued Member
 United States
51 Posts |
is penny still valuable or worth something in the future, should I still collecting them?
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Pillar of the Community
United States
4963 Posts |
The melt value is higher than face. Although it is illegal to melt them at this point in time, if/when the mint discontinues production of cents it will be legal to melt them. Many keep them so they can melt them when they are discontinued, although it may be a good idea to hold on to the coins, as they may gain a bit of value after so many get melted.
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Valued Member
United States
51 Posts |
omg thank you so much numisma thats helps me a lot to decide either to throw it or to keep it. my decision is ill keep collecting and keep it. because I notice all new pennies are like plastic or fake pennies when I toss/flipping the new coins theres no sounds or metal sound unlike the old pennies.. thank you again
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Pillar of the Community
United States
4963 Posts |
 Yes, I would keep them. I agree that the new ones don't feel very good. In my opinion, the last high quality American circulation-issue coins were produced in 1982. |
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Valued Member
United States
51 Posts |
yes I agree, I just started collecting coins 3 days ago and I'm getting obsess or something about old coins lol now its becomes my hobby which is I really love it haha
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Pillar of the Community
United States
4963 Posts |
The hobby is definitely addicting. One of the big attractors is that there's always more to learn- no matter how much you know about numismatics, it's never quite enough.
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Valued Member
United States
51 Posts |
yes thats right I'm learning and I'm still learning,I like to learn more, more and more :)
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Moderator
United States
56855 Posts |
It takes about 146 copper cents to make one pound of copper. Copper value is $2.24 per pound,not much of a profit margin. Once you add in melting costs how much are you really making? Is it worth all the hassle? John1  |
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Pillar of the Community
United States
500 Posts |
And  Angelo. Yes coin collecting is a great hobby. Enjoy |
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Valued Member
United States
51 Posts |
people in this website is very informative and supportive thank you guys for sharing your knowledge :) :) :)
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Pillar of the Community
United States
4963 Posts |
We give knowledge, we get knowledge. Everybody wins.
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Rest in Peace
United States
18456 Posts |
Angelo , you only stared collecting 3 days ago. do what you like for now, but you will more than likely venture out for other kinds of coins that interest you. when that happens you can call yourself a coin collector.  To CCF. |
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Moderator
United States
188990 Posts |
Quote:
We give knowledge, we get knowledge. Everybody wins. |
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Replies: 16 / Views: 2,482 |
Posted 11/09/2015 10:44 pm
