Is It Worthwhile To Hoard Copper Pennies?

What is stranger than people who hoard pennies?

People who obsess over why people would hoard pennies.

Live and let live, y'all!

This is precisely why I dumped some 4,000 of my copper cents about a month ago. I realized that, given that the current CPI is 304 (meaning that as a whole, prices are 304% of what they were in 1982), if I'd started hoarding my copper cents right away in 1982, I'd have lost money on them, seeing as the current copper value in a copper cent is only 2.4 cents.

With copper wire, it is easy to burn or strip the insulation off.
As mentioned above, copper wire is pure, no refining or assay fees.

As a kid, I used to scavenge for copper wire and sell it to a scrap metal dealer; I got lots of pocket money, and with the proceeds, I added Australian silver coins to my collection.

Most of the copper wire came from household street clean-up days organized by the local council, and occasionally I visited the local garbage tip.
Unfortunately, most local government rubbish tips no longer allow kids to scavenge due to safety reasons, but
the household street clean-up days can still yield some reasonable results for a kid that has the required enterprise.

I have now reached 40k copper pennies. Woohoo!

I will stop when the percentage of copper pennies dips below 10% in the rolls I hunt.

Cheers!

40,000 bronze pennies would have a scrap bronze value of between $400 and $450.

i occasionally come across bags of them at my LCS and pay around $55 or $60 for a $50 bag. I don't buy cent boxes and sort through them because of the massive time requirement. What makes a lot morse sense to me is buying boxes of nickels and storing those. I like to keep a certain amout of cash on hand and I like the idea of having some thousands of $$ in nickel boxes. I just find a corner in my basement and that where all this junk ends up if I ever need it.

Hi everyone! I am new here. Is anyone aware of anyone buying copper penny hoards? I have 14 5GL buckets full of them that I want to sell. I sorted through hundreds of boxes of bank rolled pennies with a copper penny sorter machine 10 years ago just to kill some idle time in the evenings. I estimate the face value to be approximately $5000 and would like to unload. I would prefer to make a deal with a private collector than have to haul all of these to a Coinstar machine.