Penny CRH. Maybe its a dumb question.....

[miamilatin]

So im half way done with my first ever $25 penny box. Found a few wheat and what I am hoping is a 1969D missing initials and a lot of pre 1982 pennies. My question is, should i keep pre-1982 pennies for copper (even though we cant melt them yet?)

 

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[SilverHoarder07]

So im half way done with my first ever $25 penny box. Found a few wheat and what I am hoping is a 1969D missing initials and a lot of pre 1982 pennies. My question is, should i keep pre-1982 pennies for copper (even though we cant melt them yet?)

If you can afford to stack the copper pennies and you dont need whatever total Face Value - FV that you found I would say keep them 100%. As you collect more and more you can sell them either locally or on Ebay for approximately 1.4-1.8x their face value. This essentially meens you can turn a profit - $100 FV can sell between $150-180 and maybe more in the future as the price of copper fluctuates and increases.

No one melts these pennies but there are quite a few people who hoard them for a day when they can be sold at 2.2(or more) above face value - making quite a bit of money in the process.

Bottom line, if you can spare the money, stack the metals!

EDIT: also its not a dumb question at all. If you have a question you can research it or ask someone here. Sometimes people can be a-holes but dont let them get you down. The majority of us here are here to help!

 

[maverick]

If you can afford to stack the copper pennies and you dont need whatever total Face Value - FV that you found I would say keep them 100%. As you collect more and more you can sell them either locally or on Ebay for approximately 1.4-1.8x their face value. This essentially meens you can turn a profit - $100 FV can sell between $150-180 and maybe more in the future as the price of copper fluctuates and increases.

No one melts these pennies but there are quite a few people who hoard them for a day when they can be sold at 2.2(or more) above face value - making quite a bit of money in the process.

Bottom line, if you can spare the money, stack the metals!

EDIT: also its not a dumb question at all. If you have a question you can research it or ask someone here. Sometimes people can be a-holes but dont let them get you down. The majority of us here are here to help!

+ 1, I would agree with that too! HH, Maverick.

 

[usandthem]

Keep as much copper as you can.

 

[sagittarius98]

The only dumb question is the one that is never asked at all.

 

[MentalUnrest]

If you are not concerned with returning the box and only getting about 80% back, then absolutely keep them.

You can always cash out if you need the money but if you save enough for $100 FV, you can sell for a profit mentioned in previous post on eBay.

Best to you
MU

 

[D1MES_101]

You can keep them if your budget allows you too - i stockpiled 110 pounds of copper cents and dont add on to it anymore (i only keep wheats now) because there is SO much copper.

 

[portcitymarvels]

I recently started keeping pre 1982 pennies however I just find them around my house and such. Can't afford to stockpile now however I do believe this penny thing will strike it big someday.