Why Save Pre-1982 Pennies? - Page 2

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Author	Replies: 20 / Views: 7,318	Page: of 2

BadThad Bedrock of the Community United States 19960 Posts	Posted 02/16/2011 11:03 am They made copper cents in 1982 as well, in fact, most of the 82's are copper. I save them because the melt value today is $0.02978. The melt ban will be lifted eventually, once the fed has pulled as many out as they want to melt. They claim the ban is on to ensure there's enough in circulation, I say that might be partially true but NOT the main reason for the ban. Our gov wants them back for the copper, the real truth. Also something to consider is the mintage of the 2010 and now 2011 cents in through the roof. If they are losing money on each one, then why produce so many coins? I say it's to make sure there's enough circulating as they remove the coppers from circulation. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Edited by BadThad 02/16/2011 11:04 am Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/16/2011 11:33 am I too USED to collect all pre 82 Cents then as I got older I said to myself WHY? I don't want to sell them for Copper. I don't need a pile of coins that will end up in a banks counting machine but whoever gets this mess. I've looked at them and found what I needed for Albums so now what to do with the excess. So Now I just dump them back into circulation wondering who will get all excited finding them. It's and old age thing. Report this Post to the Staff
KenRingold Pillar of the Community United States 594 Posts	Posted 02/16/2011 11:34 am I throw them back in for the the new collectors. Hopefully they won't be snagged by someone just hoarding them for melt value. Hate it when people go by melt value rather than numismatic value. Bought two low end Mercury dimes from my local dealer last week. Glad I only bought two as he was asking what turns out to be melt value. $2.25 for a $1.50 coin. I won't do that again. Report this Post to the Staff
Maineman750 Pillar of the Community United States 3592 Posts	Posted 02/16/2011 12:02 pm I'm betting BadThad is right....and back in the day...people didn't think silver worth saving either..I don't mind that people think that way though...more for me, I try to learn from previous mistakes. Report this Post to the Staff
carmykle Pillar of the Community United States 2448 Posts	Posted 02/16/2011 12:13 pm When you sell a LMC or LWC for several dollars and it only cost you one cent, she'll come around. Funny how that happens. Report this Post to the Staff
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