What should I do with all the copper memorial pennies I get from roll searching? Well, obviously only I can pick what I should do. So, a better question would be what do YOU do with the copper pennies? Sell them? Hoard them? Give them back to the bank? I have a whole bunch and I'm not sure if I should keep them or not.
Spend em... even if they are worth more then a cent it'll be many years before you can melt them.... do you want to store bunches of copper cents for years for the possibility of getting a few cents apiece for them?
Get a sailboat. Use them for ballast. Clive Cussler could write a book about the recovery years from now. I set mine aside because copper is a stable element and has many functions and I enjoy finding the special exceptions that have the mint marks left intact. I like them and set them aside "just because" they are becoming more special every year.
I like to set them aside as well. The only problem, which I probably should have stated in the first post, is that I will be moving in a few months and I'm not really sure if I want to lug around a huge amount of pennies! I'm still unconvinced that it will be worth it in the end.
I keep them. I like the fact that I can say I am getting a 250% return on my money with the copper content
Same here, I am keeping them since they are worth almost 3x face value. Still sorting silver here and there too but getting a jump on copper. Hoping it pays off(which I believe it will) like our fathers keeping all those dimes, quarters, etc. when silver was taken out in '65. Alot of people probably thought they were crazy at the time.
My 5 gallon pail is about 95% full, plenty for me to hoard. I'm sitting on them, when the melt ban is lifted copper cents won't be around long. People said silver wouldn't be worth saving either. LOL
even if they are not bullion in the long run, it will still be fun to go through them when I am retired and my coin budget is zapped.
many people are selling them on ebay AT 1.5 - 2X FACE. I HAD A HARD TIME BELIEVING IT ALSO... do a completed auction search. A guy named maineman over at Coincommunity told me about it. He sells $100 face of copper cents and gets between $175-$200 final closing bid he jams hen into a 14.95 large flat rate box. Lots of people live near the mexican and canadian border... makes me wonder if the are selling them to "collectors" across the boarder.... In mexico and canada the laws to melt u.s coins dont apply, someone posted online that in texas customs never checks your car going into mexico only when you leave. Would not surprise me if someone could drive $400-$500 worth of copper cents across the boarder and come back with $ 800 -$1000 in cash, i think its illegal; to export more then 5$ worth of usa coinage with out some declaration of customs form but prob would not stop someone
Pointless... I pull all the nice BU's, wheats, etc. Plus I'd be giving money away. I keep thinking about just going to the bank I do business with that lets me buy the bags off their machines, buying all their cent bags, then dumping all of my copper cents in there, then buying them back... they'd automatically be bagged in $50 bags, so I wouldn't have to count/weigh 'em, and for a fee of about 5% of the face value...
I'm in the same boat! They're starting to accumulate, and there will be a lot more when I start buying boxes/bags of pennies again next week!
I keep mine in tube socks and place them around the house in strategic locations. If you pick one up and swing it around real fast, it becomes a weapon and you can knock out an intruder real good.