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 Replies: 10 / Views: 1,503 |
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Valued Member
United States
323 Posts |
i have read that people are hoarding pre 82 pennies, and I started doing it as well. the only thing is, is there any place in canada, you can send them to, so they can melt it down into a bar or something, and if so, what is the fee? any and all answers are apreciated  Edited by coincollectingkid
07/20/2009 10:28 pm
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Pillar of the Community
United States
2520 Posts |
I have read that there is a limit of how many that can be taken or shipped out of the country. Currently the copper value of a pre 1982 is 1.6 cents. So $100.00 face value would be worth $160.00. The cost of shipping to Canada and any fee would hardly make it worthwhile. Currently the best option would be to continue saving them. If copper continues to rise to the level it was a year ago, you could sell them and turn a profit. There are people out there now that may pay a small premium now. But a year ago when they were worth 2.5 cents apiece, I saw more activity and interest.
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Valued Member
 United States
323 Posts |
is there any way to make an ingot out of them?
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Pillar of the Community
United States
3098 Posts |
I wouldn't since I think a "roll" is a good unit of measure.
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Pillar of the Community
United States
2520 Posts |
The melting of cents and nickels are currently illegal. This came about due to the rise in price of metals causing the melt value to rise significantly above face value. Metal values have fallen since then, but currently are on the rise.
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Pillar of the Community
United States
2520 Posts |
Quote:
I wouldn't since I think a "roll" is a good unit of measure  I think the best approach is to roll them and place them in a Brinks box. Mine are in a large container waiting for me to go through them and look for varieties. |
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Pillar of the Community
United States
2589 Posts |
You can buy ingot molds on ebay, but it is illegal to melt nickels and pennies. You would also need a large furnace and the knowlage of melt temperature and the like. Messing around with molten liquids is also very dangerous as they are over a thousand degrees and can splash and severerly burn and maim if not handeled properly. -XoG |
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Valued Member
United States
129 Posts |
Why go through the trouble and expense of melting and putting in ingot form. Why not just trade in pounds of pre 82 pennies? Pre 65 silver is traded that way.
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Pillar of the Community
United States
4085 Posts |
Don't melt coins! What did they ever do to you? Seriously, as a collector, I hate to see coins melted. Think of all the silver coins melted in the past that are now gone forever to collectors. Ken |
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Rest in Peace
United States
3039 Posts |
timer (and btw welcome) is right. A copper colored ingot may not be universally recognized but a cent already has an established weight and purity.
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Valued Member
United States
383 Posts |
I think of it as a nice, simple, and cheap way to save. Over the past few months I've searched about a box a month. I've saved roughly $60 in coppers. I've found someone on the site who is willing to pay shipping and 1.2¢ each for them from me. If the deal goes smoothly, I'm sure we'll both love to continue this relationship in the future. He's getting them at a comparatively cheap price, and I'm selling them at a premium. Win-win.
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Replies: 10 / Views: 1,503 |
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Posted 07/20/2009 10:43 pm
