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 Replies: 19 / Views: 2,949 |
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Pillar of the Community
United States
1151 Posts |
I have heard of people looking through pennies looking for pre-1982 cents for the copper. Now that I have done this, what shouldI do?
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Rest in Peace
United States
9104 Posts |
sell them on ebay, 2 cents for 1959-1982, 5 cents for common wheats. |
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New Member
United States
48 Posts |
Keep them! Eventually the melt ban will be lifted and you'll be able to sell them for more than 3x face value; perhaps more. Copper demand is only going to grow and so will the price of copper. Think about all the 'crazy' people that saved silver dimes in 64. At the time, the silver in a dime was only worth 9 cents. Now they are the ones laughing all the way to the bank.
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Pillar of the Community
 United States
1151 Posts |
Haha thanks gilpo! I know that it is illegal to melt copper pennies,what about silver?
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New Member
United States
48 Posts |
Someone may correct me if I'm wrong, but I think the only current legislation protecting coins is for pennies and non-silver nickels. The purpose was to make sure there was enough coinage in circulation to meet demand. As far as I know you can melt any silver coin (and even clad dimes and quarters if you were so inclined)
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Moderator
 United States
187446 Posts |
Keep them, but do not worry about the melt ban; treat them like copper bullion.
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Pillar of the Community
United States
1151 Posts |
Who can I sell this "bullion" to?
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Moderator
United States
187446 Posts |
As biggfredd mentioned above, you can sell them ebay. You may be able to find a dealer, whether at a local shop or at a coin show, that would purchase them. Keep in mind that a dealer will pay less than a buyer on ebay. |
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New Member
United States
48 Posts |
Yeah, a dealer will probably pay less, but you also have to look at shipping costs, effort and time. It takes a bit of doing to securely pack a bunch of pennies. Also ebay and paypal fees. Check out http://www.rolbe.com/ebay.htm. You might be surprised at how little you'll make on them after everyone takes their cut. Do the math to see where you'll make the most. I mentioned to my wife that I was looking at selling all the coppers we've been sorting and she about flipped when I told her we'd only make about $20 profit or so on $100 face. She then lectured me that we're keeping them until they are worth more. I love having a wife that's just as committed as I am  |
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Pillar of the Community
United States
1151 Posts |
It is good your wife knows the va;ue of a dollar
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Moderator
United States
15382 Posts |
Quote:
I have heard of people looking through pennies looking for pre-1982 cents for the copper Actually it's pre-1983 Lincoln cents ... 1982 was a transitional year with mostly copper (87.8% by my numbers) and the end of the year was zinc production. I'm roll searching cents for varieties so for me it's no worries to throw the copper in my old 5-gallon carboy ... if I ever get it filled then I'll worry about what to do with them. David Take a look at my other hobby ... http://www.jk-dk.art |
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Moderator
United States
187446 Posts |
Correct, but it is pre-1982 for those that do not feel like sorting the 1982 cents.  I guess I fall into that group right now. I have a container full of unsorted 1982 cents. Will they be flipped, balanced, weighed, or ran through a mechanical separator? I have no idea, but I am sure my son will be the one doing it. Some day. |
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Pillar of the Community
United States
2651 Posts |
I weigh the 82's...quick and easy...and I don't need an extra mason jar... 8)
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New Member
United States
18 Posts |
hey I'm new to this site but have been collecting for along time mainly in error coins so I was looking through an ols Wheat penny roll wen I doscovered that on the back on this 1940 Wheat penny there is a v imprinted right in the bottom middle excatly where the v on the vdb pennys where at if anyone has any info about these or value please let me know will be posting a pic soon but its very hard to take with it |
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Pillar of the Community
United States
2120 Posts |
Johny, if it is depressed into the metal. it is likely PMD (post mint damage) and not worth anything. |
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New Member
United States
18 Posts |
its not depressed at all I've taken it to two dealers and three collectors and asked them the same thing and one guy said hes never seen anything like that in all 40 yrs of his experience I really want to put a pick up of this coin but my cam sux
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Replies: 19 / Views: 2,949 |
Posted 06/27/2011 09:44 am
