Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Post your Lincolns!
>
Reply to Thread
Message:
<p>[QUOTE="Danjohnson, post: 2746542, member: 80228"]Granted, there's not a huge market for them but there is a market. I've noticed them becoming scarce in change around here lately too.</p><p><br /></p><p>"Melt values are theoretical because actually melting down pennies is illegal. But just as coin collectors did with quarters and dimes after 1964, when the coins went from being 90% silver to a copper-nickel blend, some intrepid entrepreneurs have now started <a href="http://www.dailyfinance.com/2012/05/11/should-you-melt-down-pennies-for-profit-not-u-s-pennies-but/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.dailyfinance.com/2012/05/11/should-you-melt-down-pennies-for-profit-not-u-s-pennies-but/" rel="nofollow">bagging up old pennies and selling them</a> as unofficial copper bullion.</p><p><br /></p><p>Currently, auctions are asking between $2 and $3 per pound for quantities of 10 to 25 pounds of coins. One auction featured 100,000 pennies -- weighing about 680 pounds -- that sold for $1,500 plus $125 in shipping charges. That's less than the melt value of more than $2,000, but a nice profit for those who kept their penny jars around."</p><p><br /></p><p><a href="https://www.aol.com/article/2012/12/05/copper-pennies-old-sell-by-the-pound/20393105/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.aol.com/article/2012/12/05/copper-pennies-old-sell-by-the-pound/20393105/" rel="nofollow">https://www.aol.com/article/2012/12/05/copper-pennies-old-sell-by-the-pound/20393105/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Danjohnson, post: 2746542, member: 80228"]Granted, there's not a huge market for them but there is a market. I've noticed them becoming scarce in change around here lately too. "Melt values are theoretical because actually melting down pennies is illegal. But just as coin collectors did with quarters and dimes after 1964, when the coins went from being 90% silver to a copper-nickel blend, some intrepid entrepreneurs have now started [URL='http://www.dailyfinance.com/2012/05/11/should-you-melt-down-pennies-for-profit-not-u-s-pennies-but/']bagging up old pennies and selling them[/URL] as unofficial copper bullion. Currently, auctions are asking between $2 and $3 per pound for quantities of 10 to 25 pounds of coins. One auction featured 100,000 pennies -- weighing about 680 pounds -- that sold for $1,500 plus $125 in shipping charges. That's less than the melt value of more than $2,000, but a nice profit for those who kept their penny jars around." [url]https://www.aol.com/article/2012/12/05/copper-pennies-old-sell-by-the-pound/20393105/[/url][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Post your Lincolns!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...