Is it worth it to hoard coppers?

[never2late]

I know coppers are worth around 2x face, but is it really worth it to save them and then try and sell them for melt?

Besides, personally i dont even know any coin shops that will buy rolls of pennies.
Do you have to send them to a refiner?

I bought a box of cents to search after being skunked on halves 6 boxes in a row just to change things up, and ive gone through 3 rolls and pulled around 50 coppers, but then i got to thinking about whether or not I could even turn a profit off them.

Any input?

 

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[festiva_ford]

I think its better to wait till it gets closer to when they lift the ban on melting cents. I'd rather put that money in silver till then.

 

[timbobwey]

I've kept some copper, I'm sure down the road it's going to be worth more.

 

[quiksilver]

The same question was asked about silver.

 

[jrf30]

Find the previous twelve threads on this same topic, and you'll get some good in-epth answers to this question. :-)

 

[austinosphere]

Heck yes it's worth it to hoard copper.

Where else in CRH can you get $6-7 in profit for every $25 in coins you get?
How many penny boxes are going to skunk you?

People are buying $50 in copper pennies right now for $80-100.

Check THIS out - I went to the bank, they gave me a box of pennies. I was pretty bummed when I looked at them (didn't look until I got home) and saw through the holes in the top of the box that they were all brand new 2010 Ds.

Then I see that they are going for $36-37 plus shipping on ebay.

I couldn't believe it! My box sold in less than 24 hours for $36 buy it now.

Pennies might not be big money, but I feel a LOT more comfortable dumping pennies (with some dimes too) at the local free coin exchange at the bank than to be dumping hundreds of dollars worth of halves.

When I deposit $50 worth of pennies, they don't really notice who I am. So I can put through a lot of coins and nobody gives me any mind.

I have heard people on this board talk about $5000 in halves and no silver. That's way uncool.

Check out RealCent.org for their copper hoarding info(that's their whole focus).

Copper hoarding is a calculation - pick up pennies, take out 20-25% copper, dump 75% other pennies.

Anyways, I'll never make more than $3-4 an hour doing it, but it's fun!