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<p>[QUOTE="foundinrolls, post: 1794544, member: 4350"]I don't get it. I know some people are buying and selling pre-1982, post 1958 dated cents but there are drawbacks to piling up a load of pennies that you really cant' do much with.</p><p> </p><p>You can't sell them to a recycler. It's against Mint regulation to destroy them. They are not pure copper and therefore even if they could be traded legally, a recycler wouldn't pay "melt" for them.</p><p> </p><p>The price of copper is figured on copper being electrolytically pure and sold in a large amount. A ton, I think....and cent coins don't make the metallic grade, so to speak to a recycler. Depending upon the dates, the pre-82 cents contain some zinc, tin, or a combination of the two.</p><p> </p><p>Nickels are about 75% copper so they are even more impure as far as recycling is concerned.</p><p> </p><p>There is a cost of more than two cents to make the coins but you can't get two cents out of them if they could be recycled legally.</p><p> </p><p>Right now, the only way to make a few bucks on them is to sell them to someone who doesn't understand that you can't do anything with them but make a pile of "pennies"</p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>Looking for rare die varieties is the key to making some bucks on cent searches..[/QUOTE]</p><p><br /></p>
[QUOTE="foundinrolls, post: 1794544, member: 4350"]I don't get it. I know some people are buying and selling pre-1982, post 1958 dated cents but there are drawbacks to piling up a load of pennies that you really cant' do much with. You can't sell them to a recycler. It's against Mint regulation to destroy them. They are not pure copper and therefore even if they could be traded legally, a recycler wouldn't pay "melt" for them. The price of copper is figured on copper being electrolytically pure and sold in a large amount. A ton, I think....and cent coins don't make the metallic grade, so to speak to a recycler. Depending upon the dates, the pre-82 cents contain some zinc, tin, or a combination of the two. Nickels are about 75% copper so they are even more impure as far as recycling is concerned. There is a cost of more than two cents to make the coins but you can't get two cents out of them if they could be recycled legally. Right now, the only way to make a few bucks on them is to sell them to someone who doesn't understand that you can't do anything with them but make a pile of "pennies" :) Looking for rare die varieties is the key to making some bucks on cent searches..[/QUOTE]
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