How many are saving copper pennies now?

[drink-7-up]

I think I will save a can or two

 

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[Looter]

it seems to me that its kinda pointless to save a coin for the metal value if you cant melt it down for the metal. i assume if they take copper cents out of circ the value of the coin will raise but theres so many out there and so many ppl hording them that its not worth it. i could be wrong though time makes a fool out of us all. Still i say just save the wheat's

 

[Gabev71]

i've been saving them, but not going out of my way to search rolls or anything. at this point i pick thru the change i get when i buy things, or if i see a penny on the ground now i pick them up. if things change alot more with the price of copper then i'll probably jump on the bandwagon.

 

[scotto]

I'm saving them when I go thru rolls looking for wheats.

 

[coinlover]

i save all the copper cents i can get my hands on.

 

[wheres_wheatie]

I'm moving to a new appartment and didn't want to lug my penny jar in the uhaul so I just dumped $80- worth of pennies half of which I'm sure were pre82s. So I guess it's safe to say I'm not saving um...

 

[AceofSpades]

i save every single one i find

Stevie

 

[the.silver.standard]

Right now it does seem kinda pointless. That being said, I do it anyway.

But I waste my time watching TV a couple of hours a week, and that is when I sort. So I figure that I am not losing any time or effort doing it- plus, it is fun, calming, and I have found a few neat errors. Many wheats, too.

 

[Montana Jim]

Not saving them.

 

[whitesid]

im not

 

[Emperor Findus Cladius]

I save them, but I do not go out of my way to get a box of pennies to see how many pre 82's I can find.

 

[bigtime400]

I would say right now I average about 15 copper per roll. I have been starting to save them.... but I am unsure at what point I will stop.

 

[kevo]

nope, personally I don't think I have the patience to go through a full box of pennies and check all of the tiny tiny dates on them. I'd probably go insane and start throwing penny rolls through the walls.

 

[LJ]

I have recently starting saving them.

 

[HobBob]

Saving them!!

 

[bobr]

I save them for now. I don't do a lot of pennys, so it's not much of a cache.

 

[zlathim]

I'm saving them.

 

[TreasureTales]

Interesting thread.

In the middle of the 1970's I worked for a bank as the head teller. We had many customers come in and buy boxes of cents from us. At that time, there was a rumor going around that the cent would be discontinued and people thought it would be good to load up on them. Well, you may know that the rumor about discontinuing the cent has been around for at least 30 years - hasn't happened yet. Let's hope it doesn't happen because inflation would become a major factor in our economy.

Then just last night I was reading some treasure magazines from the early 1980's and read where people were hoarding cents because of the change in their metallic composition. When I read that article, I was wondering how many of those folks still have those cents stored away?

Just within the past few months there was a federal law passed that makes melting down cents a violation of law. So what are you going to do with all those copper cents?

My point is this, IF pre-1982 cents are worth keeping for their copper content but cant be melted down, then wouldn't it be better to buy up all the copper pots and kettles and everything else that is NOT a cent and store those instead? Those things could be melted down for their copper contents OR they may increase exponentially in value because they will become rare. Just something to ponder.

Personally, I'm not saving the pre-1982 cents unless they are wheats. Then they go into my safety deposit box in the bank. Every 10 years or so I have to rent a bigger box. LOL It sure gets expensive saving those cents.

 

[acute collector]

I cant afford to save them. if I would have a few hundred thousand already sorted... so Until I have a way to sell a copper cent for more than it is worth it is going to be in the wild.


anyone wanna buy a few thousand cents?

Peace

 

[bigtime400]

Interesting thread.

In the middle of the 1970's I worked for a bank as the head teller. We had many customers come in and buy boxes of cents from us. At that time, there was a rumor going around that the cent would be discontinued and people thought it would be good to load up on them. Well, you may know that the rumor about discontinuing the cent has been around for at least 30 years - hasn't happened yet. Let's hope it doesn't happen because inflation would become a major factor in our economy.

Then just last night I was reading some treasure magazines from the early 1980's and read where people were hoarding cents because of the change in their metallic composition. When I read that article, I was wondering how many of those folks still have those cents stored away?

Just within the past few months there was a federal law passed that makes melting down cents a violation of law. So what are you going to do with all those copper cents?

My point is this, IF pre-1982 cents are worth keeping for their copper content but cant be melted down, then wouldn't it be better to buy up all the copper pots and kettles and everything else that is NOT a cent and store those instead? Those things could be melted down for their copper contents OR they may increase exponentially in value because they will become rare. Just something to ponder.

Personally, I'm not saving the pre-1982 cents unless they are wheats. Then they go into my safety deposit box in the bank. Every 10 years or so I have to rent a bigger box. LOL It sure gets expensive saving those cents.

I agree with you somewhat. The only diffrence being eventually it will be worth it. I am going to make no speculation as to when. BTW.... I am also an electrician......and let me tell you .... wire has alot of copper in it as do transformers, and water pipe. Prob alot better then copper pans and such.... most of them are just coated and if they are older and solid copper they are worth more as antiques then copper. Right now I am saving pennies and my wire.....Who knows when I decide I have enough and quit. Probably sooner then later. Right now I average about 15-20 82 and older cents per roll. So not scarce....