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 Replies: 11 / Views: 2,256 |
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Valued Member
United States
71 Posts |
I'm just curious is anyone is putting the time/effort into hoarding copper pennies? It takes approximately 150 pre 1982 pennies to equal 1 pound. Copper is a shade over $4/lb., so that means for every $1.50 you have in copper pennies, they are worth approximately $2.50 more than their US value.
I'm not sure (and haven't botherered to research it yet), whether copper will go up, but I'm thinking I might just start hoarding these little buggers and was wondering if anyone else is bothering with them.
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Pillar of the Community
Canada
838 Posts |
I used to when I had more time, and even sold a bunch for around $3 or so a pound. It's obviously not a big money maker, but you can have fun searching rolls while you're at it.
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Valued Member
United States
406 Posts |
I've recently started hoarding copper cents - I don't expect to get rich off it, but it's fun. Besides, it gives me something to look for in my (largely futile) quest for 2009 cents.
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Pillar of the Community
United States
1348 Posts |
I use what is called a ryedale. It is a small sorter that seperates zinc from coppers. I probably have around $1000 face in copper pennies. I only put in about 2-3 hours a week doing this and I've only had my ryedale fro a few months.
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Pillar of the Community
United States
625 Posts |
I hoard them. Only a hand sorter but have put away about 1/4 ton in the last year or so. Fun to do and makes a good forced savings plan even if I am not getting rich off them. Found lots of wheats, WAM's, indean head, and lots of foreign. |
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Valued Member
Canada
442 Posts |
If the purpose is to collect copper, why not just get nickels? I'm pretty sure to this date teh 2011 nickels are still made of 75% copper, 25% nickel?
Just get a $100 dollar box and put them in the basement!
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Pillar of the Community
United States
3184 Posts |
when I get spare change I will look through and put aside the copper. However I am not actively buying rolls and rolls to get the copper. In a course of a year, just through change, you can get a sizable amount though!
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Valued Member
 United States
71 Posts |
Quote:
I used to when I had more time, and even sold a bunch for around $3 or so a pound. This got me thinking about another aspect of copper. How does one go about selling it? To whom? I can't imagine there are people on ebay looking to buy "junk copper", like they do with silver. |
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Pillar of the Community
United States
1348 Posts |
Quote:
If the purpose is to collect copper, why not just get nickels? I'm pretty sure to this date the 2011 nickels are still made of 75% copper, 25% nickel?
Just get a $100 dollar box and put them in the basement! A nickel's value is only worth 124.60% of actual face value A penny's value is worth 274.43% of actual face value So in the long run it is cheaper to collect pennies and more profitable. |
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Pillar of the Community
United States
2602 Posts |
Geardaddy: There are people both buying and selling copper Lincoln Memorial cents on ebay. |
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Pillar of the Community
United States
3592 Posts |
Quote:
There are people both buying and selling copper Lincoln Memorial cents on EBAY And I'm one of the sellers  |
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Pillar of the Community
United States
802 Posts |
Wack, if you just use a machine to sort, you can't ever find "gems" or any other unique things?
Also, how much does one of those cost? :)
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Replies: 11 / Views: 2,256 |
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Posted 06/14/2011 3:51 pm
