| Author |
 Replies: 46 / Views: 4,712 |
|
|
|
Valued Member
United States
258 Posts |
Saving the copper pennies (to include the 1982 zinc) is a wise investment. Right now you can get way better than face value on ebay. A recent ebay auction showed a 33% premium over face value for copper pennies dated 1959 to 1981. Most of the copper is sold in pounds. It takes approximately 146 coins to make a pound so that makes looking at the completed ebay listings easy. You get the best of both worlds. You cherry pick the coins you want for your personal stash and sell the rest on ebay or elsewhere. Sincerely, John Leckrone |
|
Pillar of the Community
United States
625 Posts |
I am saving copper now. Few months back I wasnt convinced but now feel like eventually the ban will be lifted, copper penny supply will continue to shrink, and there will be some value to them. Like others have said here earlier, whats the worse, they will be worth 1 cent. In 30 years, who knows. I will save as many as I can. Got the Ace sorter from Ryedale just for this purpose.
|
|
Valued Member
United States
271 Posts |
AGCoinHunter - What is the Ace sorter? Just curious. Cost for this item?
|
|
Pillar of the Community
United States
6326 Posts |
I've never saved any coin, just because it was "copper". But lately, I've been putting aside any Cent older than 1970.....why exactly, I'm not sure though. Maybe because the older "I" get....the older they seem ! ...  I guess just making albums in the future would be easier for me, If I had a nice batch of Lincolns that were "Pre-70'" to sift through. They are, of course, quite common now, more or less......but 20 years from now they might not be so common. 60 years old +plus+ Lincolns won't be so avidly circulating then....I suspect....so...I'll get em' now. The whole "Pre-82" craze never latched onto me though ! And they take up toooooo much room !! |
|
Valued Member
United States
296 Posts |
I am still saving them, have been right along.  I have over $1800 worth. There are sellers getting a 50% premium on $100 lots. Been thinking about selling some of mine to convert into silver. |
|
Pillar of the Community
 United States
3499 Posts |
Bowfin0- Wow $1800! That is a lot.
I must admit that I haven't searched a box in a while. How is the searching going nowadays? Is there still a lot of copper out there?
|
|
Pillar of the Community
United States
1026 Posts |
Have not searched a box either for awhile but I do lok at my change and keep any copper cents.
I guess I have about $125.00 in copper cents now.
|
|
Pillar of the Community
United States
2520 Posts |
Searching the smaller cents and dimes hurts my eyes. I usually buy 10 or 20 rolls at a time and pull the copper. I like searching nickels, but probably have around $150.00 worth of copper in the barrel.
|
|
Valued Member
United States
258 Posts |
Generally I find around 15%-20% of a Brinks box is copper pennies with the balance being zinc. This number can go up or down but generally holds true. I got my first "skunk" last week when I got a box from my bank that was not Brinks and was already opened. It had unopened shotgun rolls from up north and every coin I saw on the ends were zinc. I made the decision to open them anyway and came up with a lot of au and unc zinc pennies as well as a couple of errors but no WAM, nam or 2009. Only found around 50 copper pennies with them all being dated 1981 and 1982. Now I know that at least one company is pulling out the coppers now. No matter, people still have pennies stashed by the ton and even after 27 years they are still circulating widely. Sincerely, John Leckrone |
|
Pillar of the Community
United States
3499 Posts |
925dealer- Yeah a lot of people are pulling them, but there will be lot out there for quite a while. As of right now I now have about $200.
One question though: Say in 2012 it is legal to melt CU Lincolns and dealers start buying them for bullion, won't it be really hard to haul your hoard to the shop? Frankly I'm starting to wonder if a copper hoard is truly manageable.
|
|
Pillar of the Community
Mexico
1304 Posts |
Look at the bullion value of a nickel....
|
|
Valued Member
United States
258 Posts |
Even if it were legal I would not sell the copper pennies for melt value any more than I would sell a silver coin for the same unless it was an extreme financial emergency. I prefer copper pennies in their original form with numismatic value and the date and mint mark showing. Sincerely, John Leckrone
|
|
Valued Member
United States
290 Posts |
the "ACE" is a machine that sorts coppers from zincs. It was talked about a bit on realcent. the manufacturer is "Ryedale" but I just checked their website and it was not listed there.
|
|
Valued Member
United States
146 Posts |
I got a box and went through them today, I save all of the copper. Only one wheatie. Been slacking on my lincolns I have up until 1989. So I sorted all the AU ones the copper ones the AU copper ones and the 1984's. There are some really nice late 60's early 70's out there. Also saving the 2009's got about 10 out of the box. I agree with 925dealer 15-20% of my brinks box was copper.
|
|
Pillar of the Community
United States
625 Posts |
The ace is available, you have to email Andy and ask him about it. They are $109 and are feed manually. Had mine since right around Thanksgiving and love it.
|
| |
Replies: 46 / Views: 4,712 |
First Page
Previous Page
Posted 12/07/2009 10:13 am
