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Copper Cent Hoarders - A Question

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Pillar of the Community
okiepb's Avatar
United States
1213 Posts
 Posted 12/04/2010  6:35 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
I'm a roll searcher too and I have no problem tossing all the coppers into storage tins. I'll keep them around and hopefully dump them some time down the road for 2 - 3 times face. If not, either put them back in circulation or pass them on to the kids to sell.
Pillar of the Community
United States
958 Posts
 Posted 12/05/2010  02:42 am  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
the decent 40's 50's ( all of them except maybe a few S and steel cents)common wheat cents are not worth more then 3 cents to a dealer that sells them for 5-10 cents

I took about 200 common wheats into a guy that paid 3 cents each he threw um on the table and just sorted out the ones that looked the best not looking at the date. and only took about half of them and looked at me with the rest and said " just spend um "
I did pull out anything in Fine and above.

The memorial cents have all been over minted in my opinion. But they might get to the point a dealer pays 3 cents each for and resells for 5 cents . Atleast the decent ones.
the only memorials that are scare(r) are the 68-74 S cents and thats all I am saving.

Now if the mint changes the comp of the cent to steel covered zinc . I say hoard copper

Pillar of the Community
United States
2600 Posts
 Posted 12/05/2010  08:40 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
I agree with eveyrthing said thus far. The question still exists, though, with the problem posed by having copper color zinc cents, how does a dealer, or whom ever, process them in a profitable manor to make it worth while. Volume would solve the problem and it would appear that the guys like Brinks would have the ability to make it work. I don't see a local dealer being able to make money by the time they invest in the equipment and apply the labor required. It would seem that the right thing to do is sell them on ebay now before other start to find the stuff they have boughten does not move easily. The diff between cents and silver is the volume. A coffee can of silver is one thing, a 5 gal bucket of cents creates issues.
New Member
afrivold's Avatar
United States
2 Posts
 Posted 12/13/2010  9:17 pm  Show Profile   Bookmark this reply Add afrivold to your friends list Get a Link to this Reply
I have gone through about 9 bx of pennies now and I now have about 55lb copper cents (almost $80 worth) and 1 1/2 tubes of wheat cents. Not bad when the copper spot closed today at $4.195/lb. It can't hurt to hold on to them.
New Member
United States
2 Posts
 Posted 12/13/2010  10:23 pm  Show Profile   Bookmark this reply Add rpi to your friends list Get a Link to this Reply
I was holding onto to about 50 pounds of coppers, when I left for college, I took them to the bank. I'm going to be kicking myself when you can melt them!
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