Pre 1982 Lincolns

[AU24K]

Just got a nice scale for sorting the 1982 copper vs. zinc Lincolns. Seems like it takes 147 copper Lincolns to make a pound. That's $1.47.
How much is copper for a pound? Is there a profit in this? Would it contribute to the future scarcity of copper Lincolns?

Scott

 

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[fairfinder59]

Bare bright copper is going for $2.60 a lb. #1 copper is going for $2.50 a lb. #2 copper is $2.45 a lb, but I wouldn't sale penny's like that.

 

[bocephus]

i would be happy to sell my pre 82 pennies

 

[silversaddle1]

Hey guys, there's a whole forum on recycling copper pennies!

Check it out as it also has a scrap metal section in it.

http://realcent.forumco.com/

 

[AU24K]

Hey guys, there's a whole forum on recycling copper pennies!

Check it out as it also has a scrap metal section in it.

http://realcent.forumco.com/

Wow! Cool site.
I just used the calculator and it says that for $20 face of pre '82 cents, that you would get about $39 melt value, almost double face!

To melt or not, that is the question...

Scott

 

[thrillathahunt]

Ok, I am a little hazy on this coin melt situation. Is it ok to melt silver U.S. coins but NOT copper coins? Is there a specific law currently banning the melting of copper U.S. coins? Can someone spell this out for me?

Also, is there a buyer's market for junk "copper" coins like there is on "junk silver" coins?

 

[mlayers]

I keep all my pre 1982 cents. Plus I don't see anything wrong with selling them for copper price......Matt

 

[AU24K]

I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott

 

[silvereagle78]

I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott

I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit.

 

[AU24K]

I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott

I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit.

$50 in pennies sold on Feebay would cost a good bit of money on shipping. Guess that is where the profit would be made. Oh, and not to forget "handling" charges.

Scott

 

[AU24K]

Here's an auction on ebay now...

http://cgi.ebay.com/5-lbs-Copper-Bu...iewItemQQptZCoins_Bullion?hash=item414ad513fb

Scott

 

[Cherryman68]

Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.

In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.

 

[AU24K]

Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.

In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.

So how, where, and when have you sold? Do you have a source to sell to?

I understand(but don't agree) about the melting of silver via-a-vis copper.

I've heard that "copper is the poor man's bullion".

Best Wishes,
Scott

 

[snake35]

I have been tracking sales on fee-bay. It appears that prices are rising, but not enough to make it profitable. I am holding for prices to go up.

 

[boogeyman]

Ok, I am a little hazy on this coin melt situation. Is it ok to melt silver U.S. coins but NOT copper coins? Is there a specific law currently banning the melting of copper U.S. coins? Can someone spell this out for me?

Also, is there a buyer's market for junk "copper" coins like there is on "junk silver" coins?

Oooooopps! My torch fell over and melted 2000 pennies before I knew what the heck was going on. Or bury your ingot/blob in the back yard for a month or two. If questioned, you dug them up metal detecting and didn't know what they were.