What do you do with 1959 pennies?

Do you set 1959 pennies aside like the wheats, or do you just throw them in the pre-82 copper pile? When I find a '59 it goes in the copper pile.

 

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I turn the second 9 into an 8.

 

Hey, I do a similar thing with 1883-S Morgan Dollars. I turn the second 8 into a 9. JK

 

I don't even keep them anymore.

 

I still set them aside. Habits die hard.

 

I spend them.

 

You don't know pennies made from 1959 to 1981 and some in 1982 are made of 95% copper and worth more than a penny each?

 

I know that, but providing space for saving them and the time and cost of packaging, marketing and shipping them eats up what little profit that might be realized.

 

I move too often; I spend them.

 

They can be worth a dime each if you do something to them, but I can't say what it is here, because it's illegal, but it works. Oh, what the hey, I guess I'll say it, BUT I am adding a disclaimer.

I was told about this in the early 80's, and of course being kids, we tried it. If you grind* the edge off of a pre-1982 penny they will work as dimes in a vending machine. We tried it ONE time to see if it would work, and it did. But then we got scared because we were told it's counterfeiting, which I guess it is.

*I am in NO way condoning this!! Do NOT try this, as it is most likely considered counterfeiting.

 

I recommend deleting your post. Before the moderators do.

 

Been done since the small cent was introduced. I was doing that in the 60s and 70s.

 

Well I can't now, since someone quoted it.

 

Well, a dime was a lot more money back then, but I personally won't be trying it today. I would never be terrible enough to counterfeit like that.

 

I must ask, where can I sell them for a dime apiece after I grind them?

 

This makes me think of the early machines. You could glue nylon thread to a coin and fool the machine.

 

Well, if you could grind 100 of these in an hour, you'd be making roughly $9.00 an hour.
Seems like it would make an awful mess, too.

 

Only to bidiots. Since they are an alloy, refineries would only pay about 25% of the Grade A copper price. Do the math!

Chris

 

cant do that anywhere i know of, all vending machines around here take a quarter..

 

I always check the Reverse side of the 1959 D Cent to see if I miraculously find another Wheat back mule