Welcome guest, is this your first visit?
Member
Discoveries
 
Page 1 of 2 1 2 LastLast
Results 1 to 20 of 25
  1. #1
    us
    Aug 2006
    McAlester, OK
    217
    2 times

    Copper pennies for scrap???

    HOORA first post in a new forum

    For everybody that is saving pre 82 pennies for their copper value what is your plan for cashing them in? Take them to the scrap yard? Are you going to melt them down first? What price will copper have to get to for you to sell? How many copper pennies does it take to make a pound?

    I was thinking of melting mine down and casting them into fishing sinker molds. I would think that copper would have to be in the $15 per pound range before I would do it.

    Any thoughts?
    "If it ain't broke...take it apart and see how it works"

  2. # ADS
    Ads

    TreasureNet.com is the premier Treasure Hunting Forum on the internet. Registered Users do not see these ads. Please Register - It's Free!

  3. #2
    us
    Wolfpack Life Member

    Mar 2005
    Stephens City, Virginia
    Treasure Ace250 Tesoro Cibola
    2,569
    9 times

    Re: Copper pennies for scrap???

    I have no idea mr.theman, but congrats on the first post in a new forum.

    DM

  4. #3
    us
    Aug 2006
    earth
    1,780
    All Types Of Treasure Hunting

    Re: Copper pennies for scrap???

    i was thinking of that to but how would you melt it
    How to clean your copper coins using peroxide:
    http://www.associatedcontent.com/art...gen.html?cat=6

  5. #4

    May 2005
    7,209
    19 times

    Re: Copper pennies for scrap???

    Mt,

    Prior 82 cents are 95 percent copper and 5 percent zinc.

    Roughly 145 pre 1982 cent would equil one pound of coins,
    but not one pound of copper.

    have a good un.............
    In the academies many books, at the circus many sacks of peanuts, at the club rooms many cigar butts.

  6. #5

    Jun 2006
    948
    23 times

    Re: Copper pennies for scrap???

    My brother in law has a blast furnace for his side line business and he said it would be cost prohibitive to try and melt pennies down for resale You would be paying more for gas to run the furnace then what you would get from the copper.

  7. #6

    May 2005
    7,209
    19 times

    Re: Copper pennies for scrap???

    mber,

    is not just your brother in law.

    Article in Coin World said that the Copper Development
    Association stated that "the United States lacks the basic
    domestic infrastructure for processing secondary materials
    such as copper cents.

    have a good un......
    In the academies many books, at the circus many sacks of peanuts, at the club rooms many cigar butts.

  8. #7
    Charter Member

    Mar 2003
    Indiana
    All types of BFOs owned. Especially want White's Arrow; White's Oremaster; Exanimo Spartan Little Monster; Garrett contract Little Monster.
    1,563
    9 times

    Re: Copper pennies for scrap???

    Figuring copper content not weight there are 154 pennies to the pound. Current copper price is over double that. Current pre-1982 coins per bag of 5000 is about 30%. exanimo, ss
    "We have done so much; for so many; for so long; with so little; that pretty soon we'll be able to do anything; with nothing at all."
    my unit motto - 138th Aviation Company -  224th Aviation Battalion - Phu Bai, I Corps, Republic of Vietnam - 1972
    Siegfried Schlagrule

  9. #8
    Charter Member
    us
    MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRO

    Dec 2003
    S.W. Schuylkill County
    45,337
    4676 times
    All Types Of Treasure Hunting

    Re: Copper pennies for scrap???

    Here is a site that will give you Scrap Values for all Coins


    http://www.coinflation.com/

    it looks like Copper Pennies are worth 2 cents right now.

  10. #9

    Jun 2006
    ACE 250
    2,005
    11 times

    Re: Copper pennies for scrap???



    WOW!!!

    I guess its an automatic doubling of your money. Spend $10,000 in pennies and sell them for $20,000. An instant $10,000 proffit.

    Hmmmm.... I wonder...

    -CC
    2008 COIN ROLL HUNTING TOTALS

    Wheats..........5
    Pre '60 nicks..5
    Silver D.....2
    Silver Q....1
    Walking Liberty..0
    Franklin...........0
    Kennedy 90%...2
    Kennedy 40%...11
    Proofs...........0
    NIFC.............7

  11. #10
    us
    CS IS NEXT

    Nov 2005
    MARYLAND
    Garrett Infinium LS,White's MXT's and Surf II Lot's-O-Coil's
    8,568
    30 times
    Relic Hunting
    Honorable Mentions (1)

    Re: Copper pennies for scrap???

    I say bury them all right now to leave to our kid's and grandkid's.......and so on.....!!!

  12. #11

    Jun 2006
    ACE 250
    2,005
    11 times

    Re: Copper pennies for scrap???


    I wrote a really long post on that whole idea once civilman. It was really good too, very long, detailed and filled with ideas about helping future generations of TH's. Not many listened, but some did.

    -CC
    2008 COIN ROLL HUNTING TOTALS

    Wheats..........5
    Pre '60 nicks..5
    Silver D.....2
    Silver Q....1
    Walking Liberty..0
    Franklin...........0
    Kennedy 90%...2
    Kennedy 40%...11
    Proofs...........0
    NIFC.............7

  13. #12

    Oct 2006
    Saint Louis, Missouri USA
    6

    Re: Copper pennies for scrap???

    No need to melt them they already are in bullion form --your very own copper rounds. As far as selling/melting them I already have--- when copper was at $3.50 lb---I got $2.40 lb for a minimum of 50 lbs. I have also sold canadian pre 1981 94% nickel nickels to local scrap dealers. No need to melt 'em just save 'em--you might even have some numismatic value when all the copper cents disapeare from the market. I dont sell them at scrap anymore only when I really needed money. Now I just search on my free time and keep everything seperated---zinc will soon be worth more than zinc pennies; almost there.....
    Custom Builders of the finest Billiard Tables
             www.aeschmidtbilliards.com
    Made in USA & Family owned Since 1850

  14. #13
    us
    Dec 2006
    Western NY
    Minelab E-Trac, Whites Surfmaster
    219
    21 times
    All Types Of Treasure Hunting

    Re: Copper pennies for scrap???

    According to today's Numismatic News email newsletter, it is now illegal to melt U.S. cents and nickels. Here is the story:


    Melting of U.S. cents and nickels has been banned by the U.S. government.

    Interim regulations go into effect today, also prohibiting export or treatment of the coins.

    "We are taking this action because the nation needs its coinage for commerce," said U.S. Mint Director Edmund C. Moy. "Replacing these coins would be an enormous cost to the taxpayer."

    It currently costs more than face value to produce cents and nickels.

    Travelers may take up to $5 in cents and nickels out of the country, and individuals may send $100 out of the country in any one shipment for legitimate coinage and numismatic purposes. Violating the ban can result in a fine of not more than $10,000, or imprisonment of not more than five years, or both.

    Are you surprised?

    Send comments to Numismatic News editor Dave Harper at david.harper@fwpubs.com. Include your city and state with your e-mail.
    óDave Kranz, Newsletter Editor

    Scott

  15. #14
    us
    monty

    Jan 2005
    Sand Springs, OK
    ACE 250, Garrett
    10,748
    74 times
    All Types Of Treasure Hunting
    Banner Finds (1)

    Re: Copper pennies for scrap???

    I was going to comment on it being illegal to melt pennies and nickels as I read it in today's paper. News travels slow in the midwest I guess? Anyway, so much for melting them down! Monty
    Don't make me loose the hounds! If you dig, Cover up your holes.

  16. #15

    Aug 2005
    1,251
    2 times

    Re: Copper pennies for scrap???

    It is on CNN today.

  17. #16
    us
    Systems Network Manager

    Mar 2003
    Earth
    Explorer II, X-Terra 70 & Excalibur 1000
    687

    Re: Copper pennies for scrap???

    I just thought of something. They government doesn't want you to melt down the nickels and pennies on the basis of it costs them too much to mint replacement coins to put back into circulation. Now I don't know about you but the copper cents I have been saving and the copper cents and nickels I dig out of the ground aren't even in circulation at present time. Of course they didn't say anything about silver did they? Hummmmmmmm...

  18. #17

    May 2006
    1,520

    Re: Copper pennies for scrap???

    Here is something to think about.
    It cost the U.S. Governmet (the taxpayer)$1.12 to mint one penny.
    It cost $6.99 to mint a single nickel. No wonder the TAXPAYERS are getting upset.
    Peg Leg

  19. #18
    TheDetectorist

    Re: Copper pennies for scrap???

    Quote Originally Posted by Peg Leg
    Here is something to think about.
    It cost the U.S. Governmet (the taxpayer)$1.12 to mint one penny.
    It cost $6.99 to mint a single nickel. No wonder the TAXPAYERS are getting upset.
    Peg Leg
    Your figures are off just a smidge Peg. It's 1.12 cents per penny and just over 5 cents to mint a nickel. even 6.99 cents per nickel sounds a bit much.

    The per-production cost also covers the building utilities, worker salaries, equipment costs and maintenance and die design and engraving. All that is on top of the cost of the raw materials they use.

    TD

  20. #19

    Nov 2005
    74
    1 times

    Re: Copper pennies for scrap???

    I asked the same question in another thread, but i agree.. What about dimes and halfs then?

  21. #20
    us
    Jun 2006
    St Petersburg, Florida
    Tesoro Tiger Shark
    238

    Re: Copper pennies for scrap???

    Quote Originally Posted by TheDetectorist

    It's 1.12 cents per penny and just over 5 cents to mint a nickel. even 6.99 cents per nickel sounds a bit much.

    The per-production cost also covers the building utilities, worker salaries, equipment costs and maintenance and die design and engraving. All that is on top of the cost of the raw materials they use.

    TD
    With rising copper and zinc prices when do we change to an aluminum cent or just rid it all together?
    Face down in the dirt  this doesnt hurt

 

 
Page 1 of 2 1 2 LastLast

Sponsors

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search tags for this page

cashing in pennies for scrap copper
,

copper cents per pound for scrap steel

,
pennies on scrapmetalforum
,
pre 1982 copper pennies for scrap
,
scrap yards and melted pennies
,
sell cooper pennnies in st. louis
,
u-take apart scrap yards
,

will scrap yards buy pennies

,
will scrap yards take copper pennies pre 1982.
,
will scrap yards take melted pennies
Click on a term to search for related topics.
Powered by vBadvanced CMPS v4.1.3