Pre 82's. Any Real Reason To Hang On To Them.

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Author	Replies: 7 / Views: 2,070
TMK65 Valued Member United States 202 Posts	Posted 11/17/2015 09:45 am In addition to the wheats, canadian and foreign pennies I find I also roll and keep all my 59 - 81 copper pennies in a bin. At first it was kind of a novelty but as time has gone by the pile has grown and I find myself wondering for what purpose am I keeping these pennies? It's illegal to melt, copper prices are in the toilet so why not just cash in and use the funds towards something else? So what are your thoughts? What are the pros and cons of such thinking? Is there really any benefit to holding on to these coins? Report this Post to the Staff

moxking Rest in Peace United States 17900 Posts	Posted 11/17/2015 09:53 am Unless you are one of those lucky folks who have eagle eyes and spend untold hours looking for die cracks and minor errors and itsy bitzy teenzy weenzy repunched mint marks, I'd suggest you give yourself a cash Christmas present. As you mention, even if the copper value is greater than the face value, they can't be melted. So the only thing making them worth more than face value is if you do want to spend those untold hours with a microscope (I'd need one) searching for a tiny something. Report this Post to the Staff
pepactonius Pillar of the Community United States 9395 Posts	Posted 11/17/2015 10:13 am I keep all copper cents that come my way, as long as they are in decent condition. I doubt they'll ever be worth much. I suppose sometime after the cents (and perhaps all coins) are no longer made, the ban on melting them will be lifted? Report this Post to the Staff
LibertyEagle20 Pillar of the Community United States 1192 Posts	Posted 11/17/2015 10:23 am If you need the $$ then cash them in. You aren't getting anything above face for them anytime soon. Saving copper is a very long term play. If you are fine on $$, hold on to them and they may be worth a decent amount in 20+ years. Report this Post to the Staff
TMK65 Valued Member United States 202 Posts	Posted 11/17/2015 4:15 pm Thanks. It's not that I'm desperate for the cash but I've built up so many darn copper pennies I can use the cash towards some ancient coins & artifacts that I've been eyeing up to add to my collection. Not much guilt in the spending if I'm just cashing in my copper pennies. :) I've got a lot and I do mean a lot of copper pennies......LOL! Besides silver is where I'd bank my return when I retire, in twenty years I'd be in my seventies...... Edited by TMK65 11/17/2015 4:18 pm Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 11/17/2015 5:04 pm I keep all of mine. No reason not to. However, I should point out that I seldom roll search and rely on the family change jar. My numbers are manageable. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
carloscoria Pillar of the Community United States 729 Posts	Posted 11/17/2015 6:16 pm Its survival money why would anyone want to get rid of their 500 LB hoard of copper pennies for? How would I buy bread and milk when everything goes to hell? Report this Post to the Staff
Hollywood Pillar of the Community United States 1228 Posts	Posted 11/19/2015 5:29 pm There copper Report this Post to the Staff
	Replies: 7 / Views: 2,070

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