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<p>[QUOTE="-jeffB, post: 3994114, member: 27832"][USER=81991]@alurid[/USER] is right that the value of copper in a pre-1982 cent is 1.8 cents, <i>if you had that copper already purified</i>.</p><p><br /></p><p>[USER=24633]@cpm9ball[/USER] is right that you can't just sell cents to a refiner and get that much money. They pay less for impure copper, and cents are impure copper. Besides, it's currently <i>illegal</i> to melt cents or nickels (except war nickels). This is a law that was passed when copper prices spiked (back around 2006?); as far as I know, it hasn't been repealed.</p><p><br /></p><p>Having said that, <b>you <i>can</i> get close to "melt value" if you sell a large lot of copper cents on eBay</b>. There are lots of people who think of copper cents in terms of melt value; whether they don't know about the costs and caveats, or don't care, there are enough of them to form a market.</p><p><br /></p><p>You may get even more if you play up the "unsearched" and "old accumulation" aspects of the hoard. If they were saved from circulation, they surely <i>have</i> been searched multiple times along the way, but that's not what "unsearched" means on eBay these days.</p><p><br /></p><p>If you do decide to go the eBay route, Priority Mail Flat Rate shipping is your friend. You can get many, many pounds of cents into a medium flat-rate box that will ship for well under $20. For your own time and sanity, and to minimize shipping costs, sell them as a few large lots rather than many smaller ones.</p><p><br /></p><p>I'm facing a similar situation myself, with a hoard a friend inherited from her father. It's not as large as yours, and it's got several dozen <i>rolls</i> of cents, mostly from the 1960s. I searched a few of the rolls, and decided it was more work than fun. I expect I'll list the lot of them in a single auction, explaining what I found in the ones I did check, and let them bring what they bring.</p><p><br /></p><p>In your case, I'd at least go through, put the cents into bags, and set the nickels and dimes aside for further attention. If the dimes are all 1965 or later (non-silver), spend them, unless some of the oldest ones are really nice. Same for nickels, probably.</p><p><br /></p><p>Dumping the lot into a CoinStar may be the fastest route, but I couldn't bring myself to accept 11% <i>below face value</i> for a lot like this. I'd spend the rest of my days feeding them into self-checkout stations first.</p><p><br /></p><p>Good luck with whatever you decide, and welcome to CoinTalk![/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3994114, member: 27832"][USER=81991]@alurid[/USER] is right that the value of copper in a pre-1982 cent is 1.8 cents, [I]if you had that copper already purified[/I]. [USER=24633]@cpm9ball[/USER] is right that you can't just sell cents to a refiner and get that much money. They pay less for impure copper, and cents are impure copper. Besides, it's currently [I]illegal[/I] to melt cents or nickels (except war nickels). This is a law that was passed when copper prices spiked (back around 2006?); as far as I know, it hasn't been repealed. Having said that, [B]you [I]can[/I] get close to "melt value" if you sell a large lot of copper cents on eBay[/B]. There are lots of people who think of copper cents in terms of melt value; whether they don't know about the costs and caveats, or don't care, there are enough of them to form a market. You may get even more if you play up the "unsearched" and "old accumulation" aspects of the hoard. If they were saved from circulation, they surely [I]have[/I] been searched multiple times along the way, but that's not what "unsearched" means on eBay these days. If you do decide to go the eBay route, Priority Mail Flat Rate shipping is your friend. You can get many, many pounds of cents into a medium flat-rate box that will ship for well under $20. For your own time and sanity, and to minimize shipping costs, sell them as a few large lots rather than many smaller ones. I'm facing a similar situation myself, with a hoard a friend inherited from her father. It's not as large as yours, and it's got several dozen [I]rolls[/I] of cents, mostly from the 1960s. I searched a few of the rolls, and decided it was more work than fun. I expect I'll list the lot of them in a single auction, explaining what I found in the ones I did check, and let them bring what they bring. In your case, I'd at least go through, put the cents into bags, and set the nickels and dimes aside for further attention. If the dimes are all 1965 or later (non-silver), spend them, unless some of the oldest ones are really nice. Same for nickels, probably. Dumping the lot into a CoinStar may be the fastest route, but I couldn't bring myself to accept 11% [I]below face value[/I] for a lot like this. I'd spend the rest of my days feeding them into self-checkout stations first. Good luck with whatever you decide, and welcome to CoinTalk![/QUOTE]
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