I'm an old poot collector. Silver coins only really. I was just wondering if it is worth the effort to start laying aside the solid copper pennys? Sure won't cost much to do that. LOL.
I pull any old coppers that I find in the change and set 'em into an old whine (wine) jug.......been doing it for the last 20 years. One of these day I've got to sort through 'em, but I'm gonna wait for 'grandson' to get a little older. Just think of the fun we's gonna have filling holes in old folders......
The copper cents will only be worth a cent. There’s no intrinsic value to gain.... But here’s the deal. You collect what you like. It’s your hobby. There was a lady posting last week that she simply liked shiny new cents. And that’s perfectly fine. If pre-82 cents give you a sense of enjoyment, then by all means... Collect them!
In my opinion, not worth the space they take up even if they only cost you a cent to retain. Some have argued doing so is hoarding...rather than collecting. But to Randy's comment, you keep what you like...no judgment here. Consider this though: if you had a dollar's worth of gold, silver and copper, which would appreciate more? If you had $100 to invest, which metal are you more likely to invest in? I'd rather a few hundred invested in gold than a few hundred dollars in copper cents.
They're not solid copper. They're a copper alloy, and as such, are only worth about 25% of the going price for Grade A copper. That is, providing it becomes legal to melt them. ~ Chris
The copper metal itself is never going to be worth anything. You're better off hoarding Canadian .999 Nickels or find someone who has piles of French or Dutch pre-Euro coins that are also .999 nickel. Nickel at least goes up and down. $5-6 a pound right now isn't much but it spiked in the mid 2000's at $30 a pound. This is probably your best non-precious metal.
