Is stacking copper pennies worth it...?

[david.jensen]

I coin roll hunted for my YouTube channel, found 100+ pennies, wondering what Y'all thought about about crhing pennies. Let me know what you think! My video:

 

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[vpnavy]

Always enjoy your vids David. Their are people that actually "hoard" copper pennies. Some even sell them to other penny collectors.

 

[fistfulladirt]

Only wheaties and older!

 

[NHBandit]

Sorry I don't burn up my data allowance watching videos... As for saving Copper pennies I was late to the party as usual. Was buying penny boxes to look for wheats and decided to save all the Copper as well. Right before the price dropped like a rock... Story of my life

 

[mxh5891]

If you enjoy spending the time doing it then go for it. In my case I saved a about $50 worthe of copper and got bored and my wife started yelling at me for taking up room in our house. If your going to hoard copper you are going to have to be in it for the long haul, and even then your not going to make much money off of it.

 

[KirkS]

What's the point to saving the copper pennies? Aren't you saving them because of melt value? But you can't melt pennies legally, so where is the money to be made?

 

[FormerTeller]

In my case I saved a about $50 worthe of copper and got bored and my wife started yelling at me for taking up room in our house.

She got mad at you for taking up 2 boxes worth of room? Man, I'd think that would be easy enough to squirrel away somewhere in a dark corner or closet. I've got 40 some boxes of copper that she hasn't noticed yet.

 

[FormerTeller]

Didn't watch the video, but there is much to be gained CRH'ing cents - always something to be found

 

[Diver_Down]

I've hoarded the copper, but I no longer search cents. I can no longer see the dates, but I still keep any copper (by sound) when I get it in change. Always had the idea of selling for profit, but the margin is so small and the effort put into hoarding them doesn't make it worth it. So instead, I will be using my copper cents as a tiling medium.

 

[TwoYewts]

I crh pennies for wheats, errors/varieties (still praying to land a sweet error worth $$) and for whatever other fun items that sometimes get caught up into a penny roll. The rest goes back into circulation.

 

[port ewen ace]

hate to be redundant____________________________ERRORS
any CUD, large crack, die clash, clip, O/C, etc. error will more than pay for a bunch of rolls of coppers

 

[galenrog]

Ace is, of course, correct. Let me add a bit of my own opinion, if I may. In addition to errors and varieties, there is also the less lucrative, but still profitable area of direct sale of coppers. That little niche is steady, but relatively small in my area. Buyers include stackers of all types, some collectors, metal artists, and a host of others.

I keep things local. Mostly Craigslist, coin clubs, preppers, artist guilds if they have bronze foundries. As I wrote above, the market is less lucrative than errors and varieties, but it is steady. Most of these folks are not going to come looking for you. Rather you have to look for the market.

Time for coffee.

 

[mrogers07]

I don't keep them, because to me it's a pointless waste of time. If they ever allow the melting of copper cents, there's gonna be a ton of them being turned in, lowing the price of scrap copper. What little profit margin that's there will be greatly reduced. That, and they take up too much space.

 

[huntsman53]

More Cents are needed and produced by the Mints than Nickels, Dimes, Quarters, Half Dollars and Dollar coins. Therefore, they invariably will most always have more Errors and Varieties (Doubled Dies, RPM's, etc.) available to find than any other denomination, so happy hunting.


Frank

 

[port ewen ace]

-----------------And, if I had a quarter for every rotting penny I have dug ------ and a half for every green wheatie

 

[david.jensen]

This is very helpful, I'll look into those mentioned places if I want to sell!