Copper Pennies

[CGC Miner]

I usually break bills when I'm out doing any shopping because I like to look through the change for some silver, copper or rare coins.

Up until afew weeks ago I was finding 1982 and older copper pennies about 70% of the time when I got change.
Lately I've been getting alot of new design pennies and hardly any copper ones.
I wonder if the mint is already sorting the copper out or if there are some copper sorters in my area.
If you had the time and a place to dump loads of zinc pennies, a Rydale or other copper penny sorting maching would pay off quick.
Copper pennies are worth almost 3 times their face value.

 

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[jeff of pa]

Copper is Rising right now over $4.00 per pound

a copper cent is worth $0.0269057 right now.

I Still cash them in the coin counters

 

[diggummup]

I started sorting/saving coppers a couple years ago. I've noticed that they are getting fewer and further between as compared to when I first started. I don't know if they are being forcibly removed or what. All I know is they aren't as plentiful as they were a couple years ago.

 

[jeff of pa]

I Think the real reason is people don't spend pennies.

99% Of pennies going accross the store counter are Going
to the Customers, not to the stores.

They go in Jugs, Car ash trays, Etc.
& The mint is continuing to mint them.

Only pennies being recycled are through the machines
when somone takes the time to cash some in.
& Shipped to the mint or wherever.

 

[CGC Miner]

Jeff, that is true to some extent however I'm sure there are a few people out there sorting through thousands of dollars worth of pennies a week. If you has a few supply banks, a sorter and a place to dump you could probably pull in a decent profit. It's a pain and dirty but isn't most work
CGC

 

[jeff of pa]

Jeff, that is true to some extent however I'm sure there are a few people out there sorting through thousands of dollars worth of pennies a week. If you has a few supply banks, a sorter and a place to dump you could probably pull in a decent profit. It's a pain and dirty but isn't most work
CGC

Yes I Guess even though Melting pennies & Nickels
is Illegal
there are a few buyers still

 

[SFBayArea]

Dumping them and using them is tough. No coin counters in my area so I have to roll them. Tough to spend $25 worth at one place. I've used $3-5 rolled at a time at gas stations and grocery stores. Costco, I've used up $17 worth at once which is the most I've spent using zincolns. Takes up the majority of my time. If I have a better way of exchanging them for cash.. I would be all in on this.

 

[jrf30]

Jeff, that is true to some extent however I'm sure there are a few people out there sorting through thousands of dollars worth of pennies a week. If you has a few supply banks, a sorter and a place to dump you could probably pull in a decent profit. It's a pain and dirty but isn't most work
CGC

I wasrunning 18% a year ago, and am running 16% now. the 2010 pennies are added ot the mix, so that means less of all others, so less copper. NOt much les though. At least not here.

 

[gotgot]

My yields have been steady, 22-26% Cu, over 2010. When I started in 2004 I averaged 25-28%. But some of that is time, the ratio of zinc to Cu pennies will increase due to more zinc getting minted. I don't think the ryedales are making that much of a dent, yet.