Quick question I have been saving all of my copper coins and if there is no errors should I still keep them since they are copper coins? Have a great day.
Well... No, not really unless you just have an affinity for them. You cannot sell them for scrap metal value like you can with the pre-64 silver coins.
cool somewhere over the years I heard you should so yes I have a ton of them especially 1970's ones. I still have to check them all.
Yes, when copper prices spike, you will suddenly find lots of suggestions from people telling you to hoard pre-1982 Lincoln Cents. Like Randy says, you can't really sell them as scrap metal, but I know of people who are hoarding them to do exactly that anyway. Well, at least at some time in the future. Perhaps they're waiting for the word from the government that the Lincoln Cent will no longer be circulated in the economy and allowing them (somehow?) to use their accumulated hoards of cents as scrap copper.
Some save them, I don't personally. There are buyers that will buy them in bulk. While you can't sell them as scrap, I don't see what's keeping you from melting it down yourself and selling it as scrap then. None of this to say I support doing that.
Correction - you cannot melt them as scrap. But you can sell them as scrap to other people that hoard them. https://www.ebay.com/sch/i.html?_fr...ents+pounds+1959-1985&_osacat=0&LH_Complete=1
All depends on when you live and what the coin market is doing. Yesterday I went to my LCS and found out that he was no paying $.03 for Wheat cents and $.0125 for pre 1982 copper cents. He can’t get then any other way. I save every copper cent I find and I have a ton of them. I’m slowly going them them and plugging the holes in my folders. The ones I don’t need I roll them, 50 to a roll, and sell them in my antique shop for $1.00 a roll. I know, it’s not much and not worth it to many but to me I double my money.
Hard to say really. But I'd be willing to bet that a lot of people wished they had hoarded wheat cents before the memorial came along. And silver coins before they knew the government was going to change the composition. I'm too old to contemplate this much so I'm not saving them.
If one is going to speculate in medals, you have think about how much you need to have anything. You also have to think about storage. Gold is over $1,865.20 an ounce. It goes up and down, but it doesn't take that much, 5.36 ouces, it to have $10,000, a nice chunk of change. Silver is $21.85 and ounce today. You would need just short of 458 ounces to get to $10,000. That's 38 pounds, and it fills up a safe deposit box quickly. Copper is $4.03 per pound. You would need 2,481 pounds to hit $10,000. Do you have a dump truck and a warehouse? There you see the problem.
