I started saving cents from my change when they switched to the zinc cents in 1982 and have about 6 coffee cans full of copper ones in the garage. I put the 1982s in their own can for sorting later. I already separated the wheat backs as I got them, but probably less than 100.
@@susanrednour1605 I have several rolls of wheats besides the hundred or so that I got from my change. The cans weigh about 20# each, so that should be 120# of Memorial back Lincoln cents in 3# coffee cans, plus another 1# can full.
I have a few rolls of copper pennies stashed away. I also have some .999 coper bullion and coins. They are cheap, but to me, polished copper is beautiful!
Half the 1982 pennies you find are still copper. The way to easily find out if it is good or not is to gently touch them on a grinding wheel (right on the edge). You'll know immediately of it' a copper or zinc penny and you'll barely damage the coin....especially if all you want to know is if it is copper or not. I've got LOTS of them. You can then send your slightly damaged zinc pennies back to the bank inorder to buy another box. Been doing this for years.....I used to find 20% were copper....that has dwindled to around 10%. I even found a few Indian head cents.
So you are melting down history for a few dollars? Jesus. How desperate are you? You actually sound kind of intelligent, you can't think of a better way to make money?
Once you add time spent . I don't understand . Aa a hobby that's all I can figure . But as a means of making extra cash. I don't think a guy could make lunch money . Maybe I'm missing something. Go around on heavy trash cut wires off anything with a cord . That's going to more profitable I mean that's a lot of penny's good luck
@ Hello. Yes, there’s a very distinct difference unlike trying to determine whether your 1970-S Lincoln Cent is a Small Date or Large Date; that one takes a bit of scrutiny. With the 1982 Cents, all you need to do is look at any year prior and then any year after 1982. The Large Date will be just that; as large as a 1981, 1980, etc. The Small Date will be the same size digits as those on a 1983 onward. Hope this helps!
I recently acquired a copper hoard dump from a bank. $35 in pennies. Mostly 1982 and prior expect a few 82 thru 84 zinc years. The rolls are solid red to tan with some having a small slot that shows 50 1¢ on it. Many BU cents 1976-82.
@@martin33366 25 Percent Nickel Coin First, each official nickel coin in the U.S. is made with 25% nickel. That nickel material is combined with layers of other materials like… 75 Percent Copper and Manganese 75% Copper and manganese or some other strengthening metal, such as iron. This alloy is called “ cupronickel” or copper-nickel, a reference to the alloyed nature of the resulting material. Copper and manganese are added to nickel to strengthen five-cent coins, making them better for general circulation. Nickels have been made with this metallic composition since 1866, with a diameter of 0.835 inches and a thickness of 0.077 inches. Prior to this design, silver half dimes were issued from 1792 to 1873. Because of the American Civil War and related economic uncertainty, silver and gold were driven out of circulation in many cases. To solve this, the government issued paper currency and then issued a new form of a five-cent coin that did not use pure silver whatsoever. Today, indeed, modern nickels are among the least valuable coins in terms of their melt value purely because they don't include gold or silver.,.. go to Jefferson Nickel Values | (1938-2024) - CoinTrackers.com 251 rows · With an exception of the War Nickels 1942-1945 (56% copper, 35% silver, and 9%
People in New York are more naturally embedded in the system, but people that don't live on the coasts have a higher proportion of people who know where value is located right out in the open, and they slowly remove it as it passes through their hands.
I collected copper bullion when it was less than a dollar per round. I also collect pre 1983 copper and nickels. When I bought less than 100 dollars of silver I would order a roll of copper bullion to get the free shipping so it was all mostly free.
It's amazing how much Cu is out there. I've saved off 40 rolls of 95%, each weighs 150 grams. A pound of pennies equates to about 143 cents. My "Log" of pennies is growing each day.
Copper is probably the "New Oil." I've scrapped a helluva lot of copper in my day. I'm 74 now and have been stacking other metals for only 3 years and have done very well. In 1972, copper was selling for .47 cents/ lb. Today, it's selling at $4.10/ oz. Go figure! I'm grabbing all I can while they're still around. Nickel is another up and coming metal, but all of this isn't for me. I'm certainly not saving every Nickel. You might not know this, but there's a lot of collectors out there who are below the poverty level, I'm one of them. I've had 42 surgeries trying to save my right leg from MRSA, and that took me out of my CIS career. I missed the boat on gold, recovering from one surgery after another for 20 years before I had the cut it off. In my Business Calculus class, we were given a virtual $10k investment stake to invest in penny stocks in order to assess how well we could analyze the markets. I invested 75% in Au and the other 25% into Telecom stocks. Gold out performed everything. It was 1982 and the price of Au was $38/ Troy oz.
Thank you very much for this video. I am now trying to find meca scale like yours. This is so great because I am always open to learn how to do this!!!! Thanx babe!
I AM A LICENSED MASTER PLUMBER PIPEFITTER WHO OWNS A MECHANICAL ENGINEERING CONTRACTING BUSINESS FOR 40 YEARS. I HAVE A LARGE BARN FULL OF CLEAN SCRAP COPPER PIPE BRASS PIPE AND SCRAP COPPER WIRE STRIPPED. I ESTIMATE HAVING CLOSE TO 30-40 TONS OF SCRAP. BEEN COLLECTING FOR OVER 25 YEARS.
Pennies have become my favorite coins to search for all types of errors. While looking for Cu, I've found 2 1998-D WAMs qnd many strike throughs and die clashes. I've put away 10 rolls of 1982s PD.
I hoard all those new “copper clad zinc” Pennie’s and as soon as my gallon jug gets full I turn them in for real money that’s actually worth something.
Exactly , you are better off paying down debt with your pennies. Also I don't believe congress will ever allow melting them, they will probably do what canada did a few years ago, make you turn then into a bank for face value . Just seems like such h a waste of productive time,energy and space.
This is more “passive” just picking through your jar of change. Average copper penny is worth .026 cents, basically 2.6x your initial investment. Only problem is it would take way too many pennies to make you rich.
The only legal way to melt and scrap pennies would be if they are removed as currency. That said. I always separated the copper from the zinc pennies 😊
You can use the new ones for their zinc in making small castings. It has a real low melting point and seems to flow into small areas of a casting better than aluminium does.
@@Flachdachbunker Before I was married and had a huge amount of time on my hands, I would sort through large amounts of pennies and pull the copper (pre-1982) coins and roll them in date order, i.e., full rolls of 1962-D, 1965, 1980-D, etc. After the wedding, all of that stopped! However, when I come across a copper cent, I will hold it aside and toss it in an old pickle jar.
Why save copper pennies if it's still illegal to melt them? Is it worth searching copper if you have to re roll the other pennies or pay the coinstar a percentage to dump the others?
Copper would really have to skyrocket in value in order for anyone to “get rich” off of their copper penny hoard. I have been hoarding them for decades and I really don’t know how many that I have! I have heard more than once, that melting pennies and nickels is actually ILLEGAL. So, how are we to be able to reap the rewards of our hoarding?
I have approx 500 pounds of CAD copper pennies all rolled in their year of issue...now being out of production it becomes harder to find rolls for searching
So do you just sit on the copper coins and hope for melt down approval? Obviously you could ebay the wheaties and triple your money or so, but whats up with the non wheat copper pennies?
Is there a market for pre 1982 pennies where you can sell them for anything close to the spot price of copper? Obviously, there is for the silver quarters and dimes, but I've never heard of one for copper pennies.
So….gonna try separating off the thin layer of Cu off of the pot metal the Pennie’s are mostly made of?🤔 Maybe can use the pennies for electrical pinch-hitting?? If you can find pre-1982 solid Cu pennies these days, huzzah. But it’s gonna be fiddly long work to do it! Then it’s maybe costly to melt-out the Cu from the later pennies.
A penny is presently worth 1.7 cents They were costing a nickel to make. So they’re zinc now with a copper coating. But copper futures is at $4.50 a ounce. You can still find rounds for $1.50 to $1.80 per ounce. Plus tax and shipping. My son bought 34 pounds of copper pennies for $200 including shipping. Was about $180. Then S&H. Works out to 4 cents a piece. In video he says they’re going for about 3 cents a piece now. Won’t be long he’ll break even. And it will go up with electric everything being the future.
I metal detect and in older areas the pennies are mostly copper. I use a rock polisher to clean them, then I throw them in a big huge bottle.. I'm now on my 4th big bottle! We cannot take them to sell at a scrapper as they're still legal tender..do you think the government will do away with pennies..so we can sell them?
I just pulled out some old glass mayo jars of wheat cents and separate copper cents boy are they heavy ! save them the end of pennies is coming as well as coinage
I just started this, been scrapping for years and thought this would be a good investment. At least the sorting aspect of it, I'm not into melting them down because they're useless at the yard I go to if melted down. But my question is, if they do go out of circulation would you be able to cash the actual pennies into a scrap yard?
My niece is 51 years old. we started to hoard pennies when she was brought home from the hospital. When pennies were phased out; she had a full 23 liter water jug , and another that is half full. I can lift the half one while struggling; but I do not want to break my back trying the full one. I can only tilt it and roll it around. One of these days i will ask her if she would like somebody counting them and sorting out the copper ones from the the others.
I bought a 5 gallon jug of pennies at an auction a few years back. While most of it was Canadian pennies, about a gallon of it was American pennies - including a few Indian Heads, some steels, and a whole bunch of Wheats. Plus a handful of nickels and dimes. Looked like it had been collected for a lot of years and was never sorted. Lots of older coins.
Why melt them? The US government already guarantees their weight and purity and besides there might be a small numismatic value to them while others are being melted away.
@@SecretSquirrel-et6dl thanks! driving to the bank would probably cost me a dollar to get the boxes that I pick up. I usually grab multiple boxes at once to limit the amount of times I need TK go to the bank.
@donsab-xz4so the absolute fact of the matter is you're right. So unless someone is flagrantly flaunting this law (taunting the mint) most likely the government won't do anything to anybody. It is provided that you can melt down coins or deform them as long as you yourself are going to use them in a product and not to merely sell it as bullion.
If you want to sell it just take the scrap to the scrapyard. They won't pay more and probably reject it. Selling bars is to individuals and might prove difficult. I save the pennies as is. Might melt some for hording away someday , but will definately go through them for collectability. Key dates etc. Saving wire and copper pipe for melting down.
Just FYI. ANY 1943 copper penny is worth $165,000. That is because, due to WW2, all 1943 pennies were supposed to be made of steel. So the 1943 copper penny is a mint mistake.
@@captaincoincollectornice my grandson is graduating from mass maritime engineering and has signed with MSC just finished his commercial sea term on the Pecos with RIMPAC exercises. Small world isn’t it ⛴️
whatever the price of copper goes for check out scrapyards
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Which year is the last full copper penny? Debasing money is an unfaltering sign of a bad bad economy. Im furious that possessing gold at one time was illegal. Rest of world got rich but US citzn were criminalized for possessing gold.
I did this and I found a aluminum coin 1974 D A man had one And it was to be sold at auction for $200000 but the government my son lost mine he had it wrapped in toilet paper on his dresser and his wife not knowing threw it away One time a got a lot of old wheat penny I have a lot of them in a bottle
people (including coin/bullion dealers)) buy them every day. btw its no illegal to melt in every circumstnce, there are a few loopholes even without a full legalization
He's talking about Milton Penny's you can't do that😊 it's against the law to meltdown penny I have 40,000 wheat back pennies add three jars of wheat penny regular pennies that are copper then I can't build them down it's against the law
There’s always the comment “you can’t melt them” on every copper cent video. believe that copper cents will be saved the way that junk silver is saved today. There’s no need to melt them. Left in coin form, they have collector value and a known copper content. Melt them down and you just have a blob of metal of unknown content- not to mention the time and cost of melting.
FEDERAL LAW ALLOWS FOR THE GOVT. TO CONFISCATE ANY METALS YOU MAY HAVE...DURING WARTIME IF NEEDED. FACT. SILVER COPPER GOLD ALUMINUM ETC. FACT CHECK IT
There were some extremely rare copper pennies minted after 1982 by mistake that are more easily found bu weighing ALL of your pennies one by one. With a smaller scale and a bit of practice you can weigh them all just as fast as this person picked through the ones that he did.
I have a penny from 1863.......1863 . It is in great condition . However , it's barely worth a couple dollars . Copper itself , is just not rare enough for anyone to make a huge profit........Just saying
I started saving cents from my change when they switched to the zinc cents in 1982 and have about 6 coffee cans full of copper ones in the garage. I put the 1982s in their own can for sorting later. I already separated the wheat backs as I got them, but probably less than 100.
I have a lot of wheats...
@@susanrednour1605 I have several rolls of wheats besides the hundred or so that I got from my change. The cans weigh about 20# each, so that should be 120# of Memorial back Lincoln cents in 3# coffee cans, plus another 1# can full.
Very very interesting. I never considered the copper in old pennies.
I have a few rolls of copper pennies stashed away. I also have some .999 coper bullion and coins. They are cheap, but to me, polished copper is beautiful!
Half the 1982 pennies you find are still copper. The way to easily find out if it is good or not is to gently touch them on a grinding wheel (right on the edge). You'll know immediately of it' a copper or zinc penny and you'll barely damage the coin....especially if all you want to know is if it is copper or not. I've got LOTS of them. You can then send your slightly damaged zinc pennies back to the bank inorder to buy another box. Been doing this for years.....I used to find 20% were copper....that has dwindled to around 10%. I even found a few Indian head cents.
Or you could weigh them on a scale, zink =2.5 grams copper=3.11 grams
Could do a little bit more and look into the font size on date. If the 82 is smaller than the 19 is a zine if the 82 is same as 19 its a copper
If you find the small 1982 D copper cent, that's a rare and highly valuable coin. Only made in zinc. The 1983 copper cent is another rarity.
Just weigh them, the copper ones weigh a little over 3 grams, the zinc weigh somewhere around 2 and a half grams.
So you are melting down history for a few dollars? Jesus. How desperate are you? You actually sound kind of intelligent, you can't think of a better way to make money?
I collect Canadian pre 1996 Pennies also. They are 99 percent copper.
98%
Me too
@@publicaudit90 thank you
Where do you obtain them from?
I save the Canadians now as well....I have A lot of wheat pennies, including a 1943 steel penny
You must have great eyes to see those dates so quick as you're flying through the roll..
Im from TN. The other day i tried my first box of pennies. I got 326coppers, 6 Wheaties and 3 canadian pennies. The oldest canadian was 1942.
Nice Canadian find! And nice box. I usually pull between 300 and 350 coppers per box here! Happy hunting and good luck!
Once you add time spent . I don't understand . Aa a hobby that's all I can figure . But as a means of making extra cash. I don't think a guy could make lunch money . Maybe I'm missing something.
Go around on heavy trash cut wires off anything with a cord . That's going to more profitable I mean that's a lot of penny's good luck
The 1982 D small date copper penny is the rarest modern coin in existence, only 2 have ever been found - just so you know
@@Siluetae That can’t be right; I have a slew of them!
@@kingelvis1956 I do also
@@kingelvis1956 You wish!
@@kingelvis1956I have small date 1982's as well but are you definitely sure they're small dates?
@ Hello. Yes, there’s a very distinct difference unlike trying to determine whether your 1970-S Lincoln Cent is a Small Date or Large Date; that one takes a bit of scrutiny. With the 1982 Cents, all you need to do is look at any year prior and then any year after 1982. The Large Date will be just that; as large as a 1981, 1980, etc. The Small Date will be the same size digits as those on a 1983 onward. Hope this helps!
I recently acquired a copper hoard dump from a bank. $35 in pennies. Mostly 1982 and prior expect a few 82 thru 84 zinc years. The rolls are solid red to tan with some having a small slot that shows 50 1¢ on it. Many BU cents 1976-82.
I been weighing the 82s been getting 50/50 of copper and zinc
I like getting copper pennies in change, I have been collecting copper pennies for years now and I collect nickels because they are 75% copper
What years are nickels copper?
@@martin33366 25 Percent Nickel Coin
First, each official nickel coin in the U.S. is made with 25% nickel. That nickel material is combined with layers of other materials like…
75 Percent Copper and Manganese
75% Copper and manganese or some other strengthening metal, such as iron. This alloy is called “ cupronickel” or copper-nickel, a reference to the alloyed nature of the resulting material.
Copper and manganese are added to nickel to strengthen five-cent coins, making them better for general circulation. Nickels have been made with this metallic composition since 1866, with a diameter of 0.835 inches and a thickness of 0.077 inches.
Prior to this design, silver half dimes were issued from 1792 to 1873. Because of the American Civil War and related economic uncertainty, silver and gold were driven out of circulation in many cases.
To solve this, the government issued paper currency and then issued a new form of a five-cent coin that did not use pure silver whatsoever. Today, indeed, modern nickels are among the least valuable coins in terms of their melt value purely because they don't include gold or silver.,.. go to Jefferson Nickel Values | (1938-2024) - CoinTrackers.com
251 rows · With an exception of the War Nickels 1942-1945 (56% copper, 35% silver, and 9%
I LOVE COLLECTING THE OLD CENTS! BUT NICKLES ARE MY SECOND FAVORITE!
I have lots of old nickels I have a 1945 war nickel with the P above the Monticello
yes I have a couple doz rolls of nickels too, and now am looking specificallyy for 2024's
Good luck Andy!
People in New York are more naturally embedded in the system, but people that don't live on the coasts have a higher proportion of people who know where value is located right out in the open, and they slowly remove it as it passes through their hands.
people are cashing in their huge water bottles full of coins to get by.
I collected copper bullion when it was less than a dollar per round. I also collect pre 1983 copper and nickels. When I bought less than 100 dollars of silver I would order a roll of copper bullion to get the free shipping so it was all mostly free.
It's amazing how much Cu is out there. I've saved off 40 rolls of 95%, each weighs 150 grams. A pound of pennies equates to about 143 cents. My "Log" of pennies is growing each day.
143 eh? Thanks for that factoid!
Copper is probably the "New Oil." I've scrapped a helluva lot of copper in my day. I'm 74 now and have been stacking other metals for only 3 years and have done very well.
In 1972, copper was selling for .47 cents/ lb. Today, it's selling at $4.10/ oz. Go figure! I'm grabbing all I can while they're still around. Nickel is another up and coming metal, but all of this isn't for me. I'm certainly not saving every Nickel.
You might not know this, but there's a lot of collectors out there who are below the poverty level, I'm one of them. I've had 42 surgeries trying to save my right leg from MRSA, and that took me out of my CIS career. I missed the boat on gold, recovering from one surgery after another for 20 years before I had the cut it off. In my Business Calculus class, we were given a virtual $10k investment stake to invest in penny stocks in order to assess how well we could analyze the markets. I invested 75% in Au and the other 25% into Telecom stocks. Gold out performed everything. It was 1982 and the price of Au was $38/ Troy oz.
That's when the PC market bloomed ! Every BUS slot card had gold on it. It wasn't hard to see where this was heading.
@@johnpeek827 yeah gold is tough. And yeah a couple yrs back nickel exploded thats when i stock piled a couple doz rolls.
@@johnpeek827 them old CRT teles and computers yup.
Thank you very much for this video. I am now trying to find meca scale like yours. This is so great because I am always open to learn how to do this!!!! Thanx babe!
I AM A LICENSED MASTER PLUMBER PIPEFITTER WHO OWNS A MECHANICAL ENGINEERING CONTRACTING BUSINESS FOR 40 YEARS. I HAVE A LARGE BARN FULL OF CLEAN SCRAP COPPER PIPE BRASS PIPE AND SCRAP COPPER WIRE STRIPPED. I ESTIMATE HAVING CLOSE TO 30-40 TONS OF SCRAP. BEEN COLLECTING FOR OVER 25 YEARS.
Pennies have become my favorite coins to search for all types of errors. While looking for Cu, I've found 2 1998-D WAMs qnd many strike throughs and die clashes. I've put away 10 rolls of 1982s PD.
My favorite as well !!❤️
I hoard all those new “copper clad zinc” Pennie’s and as soon as my gallon jug gets full I turn them in for real money that’s actually worth something.
at the cost of things in 2024 we lose our asses er assets when making any retail purchases.
If the ultimate goal is to melt it, why not look for free scrap copper? Wires, motors, pipes, etc. Legal and 100% profit.
Exactly , you are better off paying down debt with your pennies.
Also I don't believe congress will ever allow melting them, they will probably do what canada did a few years ago, make you turn then into a bank for face value .
Just seems like such h a waste of productive time,energy and space.
This is more “passive” just picking through your jar of change. Average copper penny is worth .026 cents, basically 2.6x your initial investment. Only problem is it would take way too many pennies to make you rich.
The only legal way to melt and scrap pennies would be if they are removed as currency. That said. I always separated the copper from the zinc pennies 😊
Why did You say SILVER several times during your graph talk ?
He is saying the price of silver helps to drive the price of copper higher.
You can use the new ones for their zinc in making small castings. It has a real low melting point and seems to flow into small areas of a casting better than aluminium does.
how do you turn your pennies back in when you are done ?
Turn them back to a different bank then you got them from
@ do they have to re-roll them all ?
i’m doing this in england - the pre 1992 pennies - we can’t melt them down here but i’m interested to see where copper is headed for the future
how they gunna know? just add scrap copper wire to throw off the alloy composition
@@Graymenn aaaaand now we're all on yet another list! lol
He´s making more money with the video than the shown,,,and even more mowing the lawn of the neighbour. But hey, it´s for sure a nerdy, relaxing hobby.
@@Flachdachbunker Before I was married and had a huge amount of time on my hands, I would sort through large amounts of pennies and pull the copper (pre-1982) coins and roll them in date order, i.e., full rolls of 1962-D, 1965, 1980-D, etc. After the wedding, all of that stopped! However, when I come across a copper cent, I will hold it aside and toss it in an old pickle jar.
Can I ask you, what type of scale are you using?
Why save copper pennies if it's still illegal to melt them? Is it worth searching copper if you have to re roll the other pennies or pay the coinstar a percentage to dump the others?
Copper would really have to skyrocket in value in order for anyone to “get rich” off of their copper penny hoard. I have been hoarding them for decades and I really don’t know how many that I have! I have heard more than once, that melting pennies and nickels is actually ILLEGAL. So, how are we to be able to reap the rewards of our hoarding?
Melt them down to sell as copper value? You get to reap the reward of 20 years in prison :-0) LOL
One day they will do away with the penny and then you can melt them.
@@tammywhite9229 Maybe, maybe not.
The "maybe not" should factor into your financial risk to make a profit.
@@2Truth4Liberty nobody’s going into the poor house by saving pennys.
@@tammywhite9229
[[ nobody’s going into the poor house by saving pennys. ]]
I never claimed they would :-0)
I have been saving copper cents for last 2 years in change only and have acquired over 2 rolls just checking them out
Interesting.
I box hunt pennies, lucked up and found mint state 1944 . Today I found a large date-1960 red cent, very nice coin.
Nice session. What kind of scale do you use?
good work checking them out from bank and pulling out copper minted cents
I have approx 500 pounds of CAD copper pennies all rolled in their year of issue...now being out of production it becomes harder to find rolls for searching
Who will melt it? Thought the government told the metal places not to recycle Pennie’s?
So do you just sit on the copper coins and hope for melt down approval? Obviously you could ebay the wheaties and triple your money or so, but whats up with the non wheat copper pennies?
Apparently there are people dumb enough to buy them and pay the shipping cost plus.
Makes no cents to me.
@@paulcoenen7918 to fill their collection i suppose.
Does Canada have copper coins on copperfaltion?
Is there a market for pre 1982 pennies where you can sell them for anything close to the spot price of copper? Obviously, there is for the silver quarters and dimes, but I've never heard of one for copper pennies.
So….gonna try separating off the thin layer of Cu off of the pot metal the Pennie’s are mostly made of?🤔
Maybe can use the pennies for electrical pinch-hitting??
If you can find pre-1982 solid Cu pennies these days, huzzah. But it’s gonna be fiddly long work to do it! Then it’s maybe costly to melt-out the Cu from the later pennies.
A penny is presently worth 1.7 cents They were costing a nickel to make.
So they’re zinc now with a copper coating.
But copper futures is at $4.50 a ounce.
You can still find rounds for $1.50 to $1.80 per ounce. Plus tax and shipping.
My son bought 34 pounds of copper pennies for $200 including shipping.
Was about $180. Then S&H. Works out to 4 cents a piece.
In video he says they’re going for about 3 cents a piece now. Won’t be long he’ll break even.
And it will go up with electric everything being the future.
I think you mean per pound. The current price per ounce is $.25. The price per pound is $4.06.
Cool video Captain!
Thanks MS69, which actually is a high coin grade, lol
I metal detect and in older areas the pennies are mostly copper. I use a rock polisher to clean them, then I throw them in a big huge bottle.. I'm now on my 4th big bottle! We cannot take them to sell at a scrapper as they're still legal tender..do you think the government will do away with pennies..so we can sell them?
It cost the Government more to make a penny than a penny so yes eventually pennies will be discontinued hence the zinc penny
I just pulled out some old glass mayo jars of wheat cents and separate copper cents boy are they heavy ! save them the end of pennies is coming as well as coinage
I had to move my jugs, jars ,ice cream buckets to make room for my Christmas 🎄, lookin at my coins found a baggie it said Coppper....🎉
What brand and type of scale do you use? Link?
Right 0n Andy :) QC
Seems a lot less coppers per roll than when I was hunting maybe 15 years ago, are they drying up?
are you holding on to them until you can scrap them , or do you sell them to people buying copper ?
Good video.
The Majority of my 1982's weigh 3.1 grams..i have More of those @ that weight of that year than zinc
I just started this, been scrapping for years and thought this would be a good investment. At least the sorting aspect of it, I'm not into melting them down because they're useless at the yard I go to if melted down. But my question is, if they do go out of circulation would you be able to cash the actual pennies into a scrap yard?
I don't know....BUT Copper will always have value so its an easy way to save it and weight. Definitely useful in Industry.
Cool video.
1955 is a common double die year also
I've been throwing copper cents in a 5 gallon jug! It probably weighs around 250 lbs.
My niece is 51 years old. we started to hoard pennies when she was brought home from the hospital. When pennies were phased out; she had a full 23 liter water jug , and another that is half full. I can lift the half one while struggling; but I do not want to break my back trying the full one. I can only tilt it and roll it around. One of these days i will ask her if she would like somebody counting them and sorting out the copper ones from the the others.
I bought a 5 gallon jug of pennies at an auction a few years back. While most of it was Canadian pennies, about a gallon of it was American pennies - including a few Indian Heads, some steels, and a whole bunch of Wheats. Plus a handful of nickels and dimes. Looked like it had been collected for a lot of years and was never sorted. Lots of older coins.
canada stopped using pennies years ago.
It’s down to $4.06 on 11-26-24. Still really volatile.
i wish i had my eyesight back like you do
Why melt them? The US government already guarantees their weight and purity and besides there might be a small numismatic value to them while others are being melted away.
What a waste of time and money, not for me.
If wheat pennies are that valuable id be so rich!! Most of mine being 1944's S,P and D mm!
How much did shipping on that box of rolls cost? Or the fuel to drive to pick them up?
@@SecretSquirrel-et6dl I used my scooter to pick up the box, so I’d say a nickel in electricity was used
@ ok, was curious how that panned out value-wise.
@@SecretSquirrel-et6dl thanks! driving to the bank would probably cost me a dollar to get the boxes that I pick up. I usually grab multiple boxes at once to limit the amount of times I need TK go to the bank.
war drives up the value of copper
plastic bullets people !
But it is illegal to melt them so you are losing interest you could be gaining in a CD. But it is more fun.
Illegal to melt and sell as bullion. If you use the metal to make something it is legal.
It is real money.
And people that don’t collect even realize it’s money.
If hyperinflation hits they will still hold value as a currency.
If you live near the border you could take them to canada and sell them there. What's to stop a Canadian from melting them down in Canada?
@donsab-xz4so the absolute fact of the matter is you're right. So unless someone is flagrantly flaunting this law (taunting the mint) most likely the government won't do anything to anybody.
It is provided that you can melt down coins or deform them as long as you yourself are going to use them in a product and not to merely sell it as bullion.
I am sure that the Treasury Dept. pulls all copper as it is turned in from the banking sector.
MP of copper is 1983 my birth year, just for your info
Why do you keep saying silver?
Why hoard pennies? Isn't it illegal to scrap coins? I'm confused.
So the question is where do you sell the copper to
If you want to sell it just take the scrap to the scrapyard. They won't pay more and probably reject it. Selling bars is to individuals and might prove difficult. I save the pennies as is. Might melt some for hording away someday , but will definately go through them for collectability. Key dates etc. Saving wire and copper pipe for melting down.
What about copper ONE ounce rounds?
Just FYI. ANY 1943 copper penny is worth $165,000. That is because, due to WW2, all 1943 pennies were supposed to be made of steel. So the 1943 copper penny is a mint mistake.
I see MSC supply ship are you in the merchant marine Captain ?
@@fishinghuntingfool yes I am and hold a 2nd mates Unlimited License
@@captaincoincollectornice my grandson is graduating from mass maritime engineering and has signed with MSC just finished his commercial sea term on the Pecos with RIMPAC exercises. Small world isn’t it ⛴️
Im a collector, the thought of melting old coins seems so wrong to me. Well , to each his own. thanks for the video.
Same but on the other hand it will make mine a little more rare and a little more valuable
Why collect something they made billions of. 😊
Cheaper than a washer for a screw
One can get 1oz pure copper round from APMEX for $2.99 a piece if one sends a check...
How about 20 year old copper water pipe and electric wire?
whatever the price of copper goes for check out scrapyards
Which year is the last full copper penny? Debasing money is an unfaltering sign of a bad bad economy. Im furious that possessing gold at one time was illegal. Rest of world got rich but US citzn were criminalized for possessing gold.
just picked up $175 fv below melt from my lcs saturday
Awesome, congrats!
I pull my change and jnspect it, but this is a waste.
Just collect it, or by ignots
Cool find, SUB 😊
Whoop de doo
The price of copper didn't increase, the value of our dollar DECREASED.
Meaning you need to spend more of it, to buy the same amount of cooper.
I did this and I found a aluminum coin 1974 D A man had one And it was to be sold at auction for $200000 but the government my son lost mine he had it wrapped in toilet paper on his dresser and his wife not knowing threw it away
One time a got a lot of old wheat penny I have a lot of them in a bottle
American pennies after 1982 only have 2.5% copper a cording to google. If your into zinc you hit the payload.
I thought you wernt allowed to melt US coins so melt value is moot.
It's against the law to melt copper US cents Who wants to buy my copper cents? Where do we sell them?? Great show thanks.
people (including coin/bullion dealers)) buy them every day. btw its no illegal to melt in every circumstnce, there are a few loopholes even without a full legalization
People melt copper pennies anyway, law be damned.
Everyone, keep your day jobs!
@@Silvercrypto-xk4zyCopper can be legally melted.
only illegal if you melt to sell.
If you are just looking for copper, there are many sources, probably better than penny hunting.
And you don't have to pay for anything it.😊
all the millions of old T.V.'s and monitors had lots of copper in them gold on the curbs I profited when precious metals were high.
He's talking about Milton Penny's you can't do that😊 it's against the law to meltdown penny I have 40,000 wheat back pennies add three jars of wheat penny regular pennies that are copper then I can't build them down it's against the law
2009 Penny
worth
Why there’s a law that says you can’t melt penny’s
This seems like an awful lot of work for a very low return. Hopefully TH-cam is paying you well.
It’s easier to hoard Nickels!
Hate to be that guy, but you've got a massive typo in your thumbnail.
There’s always the comment “you can’t melt them” on every copper cent video. believe that copper cents will be saved the way that junk silver is saved today. There’s no need to melt them. Left in coin form, they have collector value and a known copper content. Melt them down and you just have a blob of metal of unknown content- not to mention the time and cost of melting.
FEDERAL LAW ALLOWS FOR THE GOVT. TO CONFISCATE ANY METALS YOU MAY HAVE...DURING WARTIME IF NEEDED. FACT. SILVER COPPER GOLD ALUMINUM ETC. FACT CHECK IT
Melting pennies to pour a copper bar to sell for scrap profit is *illegal* in the US.
Correct. Nothing wrong with hoarding copper pennies, just can’t melt them for a profit
Can I call you Captain Benty ??
🤪
There were some extremely rare copper pennies minted after 1982 by mistake that are more easily found bu weighing ALL of your pennies one by one. With a smaller scale and a bit of practice you can weigh them all just as fast as this person picked through the ones that he did.
Who opened that box 📦 of pennies for you captain 🧑✈️? 😂
Modern pennies aren't copper.
I have a penny from 1863.......1863 . It is in great condition . However , it's barely worth a couple dollars . Copper itself , is just not rare enough for anyone to make a huge profit........Just saying