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 Replies: 12 / Views: 1,804 |
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Valued Member
United States
171 Posts |
Hey guys. I have been accumulating pre-1982 copper cents. Will dealers buy them? Also do you have any suggestions on where I could sell boxes of them? Please help. - coincrazed
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Moderator
 United States
56855 Posts |
I would like to know the answer too, I have 22 boxes worth of them ($550.00) John1  |
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Rest in Peace
United States
4849 Posts |
I seriously doubt they would pay above face, but I may be wrong. I don't think the marginal profits made would justify the time to needed to verify them, assuming that they would even be able to sell them. I could be wrong though, just a guess. Although it is fun to look for copper(I've separated out several thousand myself), I don't think the price is high enough yet to really be worth your time from a profit perspective.
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Pillar of the Community
United States
592 Posts |
Just thinking, not that hard to melt, however I do believe it's been made illegal.
The copper is worth more than face; I'm keeping mine.
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Pillar of the Community
United States
2661 Posts |
Some dealers will buy rolls of select years and mint marks. Say if you had a whole roll of 60D's you could sell them for a small premium over face. That will also depend on the local coin market conditions as well and what a dealer may be looking for.
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Bedrock of the Community
United States
19947 Posts |
My dealer wasn't interested at all. First off, it's illegal to melt them and most dealers sell to refineries. Also, the shipping costs and time are not worth it yet....but maybe some day.
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Valued Member
United States
487 Posts |
They bring about 1.5X face of e-bay
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Bedrock of the Community
United States
17884 Posts |
Of course they won't. A dealer, in order to stay in business, has to keep his money turning. Copper cents can't be melted so they can't be sold to refiners. That means the only options are to sell to speculators, who can still get the coins out of circulation for less than they would have to pay the dealer, or to hold them until that future dae when melting them is again legal, an as mentioned dealers have to keep it turning, buy and sell not buy and hold.
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Bedrock of the Community
United States
20753 Posts |
1. Place them in paper rolls, put up on ebay as UNSEARCHED rolls direct from the mint. Naturally you are now the mint. 2. Place 100 in paper bags, take to a coin show, place on table with note saying 100 UNSEARCED Wheat Cents for $4 3. Place entire pile on ebay with a notation that you just inherited them and no nothing about coins. 4. Bury small amounts in bags all over your yard, purchase and rent out metal detectors, place add in newspapers how you found coins in your yard and will rent out those metal detectors. 5. Donate to the Salvation Army and take the tax write off 6. Have an estate Auction and say how this is being done due to a relative passing away and you know nothing about coins. 7. Depending on where you live, check into the metal recyclers in your area. Around me they take anything that is metal regardless of what it is and who used to own it too. They don't ask questions since they can't speak the same language. Can't leave an Aluminum ladder outside for one night here.   |
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Pillar of the Community
United States
3499 Posts |
I just cashed my copper hoard in at the bank and took my $200 to a coin show. It was so worth it and such a relief to be rid of the horrible bulk copper.
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Pillar of the Community
United States
1409 Posts |
LOL @ Just Carl. So - those are your auctions on ebay. Man - you've lost alot of family members who collected coins! |
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Bedrock of the Community
United States
20753 Posts |
Quote:So - those are your auctions on ebay. Man - you've lost alot of family members who collected coins! It is really a difficult life for some people since they have had their parents die over and over and over and over, etc. |
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Valued Member
United States
463 Posts |
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Replies: 12 / Views: 1,804 |
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Posted 04/09/2010 4:03 pm
