What to do with copper pennies

Discussion in 'US Coins Forum' started by SWThirteen, Apr 6, 2011.

  1. SWThirteen

    SWThirteen Needs a 24/7 Coin Shop

    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.
     
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  3. WheatiesFan

    WheatiesFan New Member

    someone one here im sure would like them
     
  4. adam1

    adam1 New Member

    I keep them.
     
  5. Coinguy56

    Coinguy56 Member

    I keep them, I don't know why, I just do. I've got 12 rolls of common date Wheat cents.
     
  6. Ripley

    Ripley Senior Member

    Use them as solder
     
  7. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    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?
     
  8. DoK U Mint

    DoK U Mint In Odd we Trust

    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.
     
  9. SWThirteen

    SWThirteen Needs a 24/7 Coin Shop

    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.
     
  10. G-man422

    G-man422 Member

    I keep them. I like the fact that I can say I am getting a 250% return on my money with the copper content :)
     
  11. DJS

    DJS New Member

    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.
     
  12. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Ugh, I don't know... I have way, way, too many right now. Something like $500+ face value.
     
  13. BadThad

    BadThad Calibrated for Lincolns

    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
     
  14. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Needs to be lifted ASAP... I wanna take these to the local junk yard and get 2x face lol.
     
  15. Mark14

    Mark14 Star Wide Receiver

    you could make coin art
    lol.jpg
     
  16. chip

    chip Novice collector

    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.
     
  17. coppertop5150

    coppertop5150 New Member

    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
     
  18. tbchev71

    tbchev71 Northwest Collector

    Find a young numismatist and give 'em the whole lot to search through :)
     
  19. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    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...
     
  20. Animosity

    Animosity Member

    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!
     
  21. andrew289

    andrew289 Senior Analyst

    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.
     
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