Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Posted Nov 02, 2009, 04:32:03 AM |
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Just got a nice scale for sorting the 1982 copper vs. zinc Lincolns. Seems like it takes 147 copper Lincolns to make a pound. That's $1.47.
How much is copper for a pound? Is there a profit in this? Would it contribute to the future scarcity of copper Lincolns?
Scott
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CAN YA DIG IT?
Democracy: The only system where
two idiots can outvote one genius
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Posts: 31
Sullivan County
Detector used: Whites XLT / Whites DFX
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Reply To This Topic #1 Posted Nov 02, 2009, 05:51:10 AM |
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Bare bright copper is going for $2.60 a lb. #1 copper is going for $2.50 a lb. #2 copper is $2.45 a lb, but I wouldn't sale penny's like that.
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A man who is good enough to shed his blood for his country is good enough to be given a square deal afterwards. More than that no man is entitled to, and less than that no man shall have.
Theodore Roosevelt
1858-1919, Twenty-sixth President of the USA
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Reply To This Topic #2 Posted Nov 03, 2009, 09:24:44 PM |
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i would be happy to sell my pre 82 pennies
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REBEL PRIDE!!
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Reply To This Topic #3 Posted Nov 08, 2009, 03:58:16 AM |
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Hey guys, there's a whole forum on recycling copper pennies! Check it out as it also has a scrap metal section in it. http://realcent.forumco.com/ |
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Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Reply To This Topic #4 Posted Nov 08, 2009, 07:42:05 AM |
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Hey guys, there's a whole forum on recycling copper pennies! Check it out as it also has a scrap metal section in it. http://realcent.forumco.com/Wow! Cool site. I just used the calculator and it says that for $20 face of pre '82 cents, that you would get about $39 melt value, almost double face! To melt or not, that is the question... Scott |
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Posts: 1741
Central Texas
Detector used: Tesoro Cibola/Lobo Super Traq
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Reply To This Topic #5 Posted Nov 08, 2009, 03:20:32 PM |
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Ok, I am a little hazy on this coin melt situation. Is it ok to melt silver U.S. coins but NOT copper coins? Is there a specific law currently banning the melting of copper U.S. coins? Can someone spell this out for me?  Also, is there a buyer's market for junk "copper" coins like there is on "junk silver" coins? |
You HAVE to get old, but you don't HAVE to mature!
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Posts: 2771
Montpelier, OH
Detector used: DFX, White PI, Bounty Hunter, and Whites Surfmaster II
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Reply To This Topic #6 Posted Nov 09, 2009, 09:02:42 PM |
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I keep all my pre 1982 cents. Plus I don't see anything wrong with selling them for copper price......Matt
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Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Reply To This Topic #7 Posted Nov 23, 2009, 03:43:27 AM |
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I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.
Scott
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Posts: 317
The Blacktop and Concrete Desert
Detector used: Whites SilverEagle
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Reply To This Topic #8 Posted Nov 23, 2009, 11:04:40 PM |
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I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.
Scott
I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit.  |
2010 CRH Goal Tracker:
Wheats: 16/750
War Nickels: 2/20
90% Silver Mixed: $0.00/$100
DD Error: 0/1
Other Finds: $5/Jamacia
10 Avos/Macau
1 Jiao/China
20 Rappen/Switzerland
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Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Reply To This Topic #9 Posted Nov 24, 2009, 03:43:43 AM |
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I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.
Scott
I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit. $50 in pennies sold on Feebay would cost a good bit of money on shipping. Guess that is where the profit would be made. Oh, and not to forget "handling" charges.  Scott |
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Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Reply To This Topic #10 Posted Nov 26, 2009, 06:44:21 AM |
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Posts: 496
Henderson Tx
Detector used: Whites IV
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Reply To This Topic #11 Posted Nov 27, 2009, 05:13:18 PM |
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Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.
In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.
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I will persist until I succeed.
I was not delivered into this world into defeat, nor does failure course in my veins. I am not a sheep waiting to be prodded by my shepherd. I am a lion and I refuse to talk, to walk, to sleep with the sheep.
I will persist until I succeed
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Posts: 1798
LET FREEDOM RING!Where good deeds are performed daily
Detector used: Garrett Fortune Hunter, Compass Coin Magnum.
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Reply To This Topic #12 Posted Nov 27, 2009, 05:29:16 PM |
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Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.
In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.
So how, where, and when have you sold? Do you have a source to sell to? I understand(but don't agree) about the melting of silver via-a-vis copper. I've heard that "copper is the poor man's bullion". Best Wishes, Scott |
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Reply To This Topic #13 Posted Nov 28, 2009, 05:21:04 AM |
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I have been tracking sales on fee-bay. It appears that prices are rising, but not enough to make it profitable. I am holding for prices to go up.
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Just because it did not work does not mean it was not a good plan!
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Posts: 1417
Out in the hills near wherendaheckarwe
Detector used: WHITES, MINELAB
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Reply To This Topic #14 Posted Jan 04, 2010, 06:31:54 PM |
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I know it's here, just need a bigger coil!
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