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Copper has passed $4.50+ per pound - copper pennies now worth $.03 each!
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<p>[QUOTE="JJK78, post: 1095873, member: 19207"]Bored at work and just thought I would point out that copper is currently at $4.56 a pound officially making 1982 & prior copper pennies worth just over 3 cents each in melt value!</p><p> </p><p>I know many people here think hoarding copper pennies is pointless and takes up to much space. But space is one thing I have plenty of and although you can't sell them for $.03 each yet I believe there is a lot of potential out there.</p><p> </p><p>For example I would like to make a comparison to 40% silver Kennedy halves. It wasn't long ago when silver was around $12-15 an ounce that these were only worth about $2 each, but even then just about anyone would get excited to get one at face value. Now people practically start a new thread when they find one (just a joke of course) as for the most part you may be lucky to get 1 out of a $500 box.</p><p> </p><p>While I have not been keeping an exact count but on average I probably pull about $5 of copper pennies for each box I go through. It certainly is a more time consuming process, mainly cause I do search dates and errors etc., not to mention more difficult to go through. </p><p> </p><p>In the end I feel like I get more satisfaction searching pennies then anything else. Given I don't have the time or patience to hit up 10 banks a day asking for half dollar rolls and would love to post a story about the $100 I paid for $100 worth of Franklin halves, but I'm just not that lucky!</p><p> </p><p>Good day to you all.</p><p>J[/QUOTE]</p><p><br /></p>
[QUOTE="JJK78, post: 1095873, member: 19207"]Bored at work and just thought I would point out that copper is currently at $4.56 a pound officially making 1982 & prior copper pennies worth just over 3 cents each in melt value! I know many people here think hoarding copper pennies is pointless and takes up to much space. But space is one thing I have plenty of and although you can't sell them for $.03 each yet I believe there is a lot of potential out there. For example I would like to make a comparison to 40% silver Kennedy halves. It wasn't long ago when silver was around $12-15 an ounce that these were only worth about $2 each, but even then just about anyone would get excited to get one at face value. Now people practically start a new thread when they find one (just a joke of course) as for the most part you may be lucky to get 1 out of a $500 box. While I have not been keeping an exact count but on average I probably pull about $5 of copper pennies for each box I go through. It certainly is a more time consuming process, mainly cause I do search dates and errors etc., not to mention more difficult to go through. In the end I feel like I get more satisfaction searching pennies then anything else. Given I don't have the time or patience to hit up 10 banks a day asking for half dollar rolls and would love to post a story about the $100 I paid for $100 worth of Franklin halves, but I'm just not that lucky! Good day to you all. J[/QUOTE]
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Copper has passed $4.50+ per pound - copper pennies now worth $.03 each!
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