Pre 1982 Lincolns

AU24K

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Nov 19, 2006
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Garrett Fortune Hunter, White's CoinMaster, Garrett American S3, Compass Coin Magnum and a couple of others you will only find in museums!
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All Treasure Hunting
Bare bright copper is going for $2.60 a lb. #1 copper is going for $2.50 a lb. #2 copper is $2.45 a lb, but I wouldn't sale penny's like that.
 

silversaddle1 said:
Hey guys, there's a whole forum on recycling copper pennies!

Check it out as it also has a scrap metal section in it.

http://realcent.forumco.com/

Wow! Cool site.
I just used the calculator and it says that for $20 face of pre '82 cents, that you would get about $39 melt value, almost double face!

To melt or not, that is the question...

Scott
 

Ok, I am a little hazy on this coin melt situation. Is it ok to melt silver U.S. coins but NOT copper coins? Is there a specific law currently banning the melting of copper U.S. coins? Can someone spell this out for me? :tongue3:

Also, is there a buyer's market for junk "copper" coins like there is on "junk silver" coins?
 

I keep all my pre 1982 cents. Plus I don't see anything wrong with selling them for copper price......Matt
 

I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott
 

AU24K said:
I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott

I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit. :thumbsup:
 

silvereagle78 said:
AU24K said:
I save my pennies by date and mint mark. When I get 50 of a particular date and mint mark, I roll 'em up.
Thinking about trying a couple of rolls on Feebay. Maybe a "roll of mixed dates, mixed grades, pre 1982" just to see where it goes.

Scott

I have been tracking it for awhile on feebay. A roll most likely will get you no premium, you will at least need to sell two boxes ($50) at a time to make some profit. :thumbsup:

$50 in pennies sold on Feebay would cost a good bit of money on shipping. Guess that is where the profit would be made. Oh, and not to forget "handling" charges. :laughing7:

Scott
 

Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.

In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.
 

Cherryman68 said:
Currently it is NOT allowed to melt us pennies (cent) or nickles. Silver is just fine.

In responce to ebay shipping USPS flat rate boxes are your friend. A medimum box is $10 and if paid on line delevery conformation is free. Two boxes with good packageing fits like a glove in a medimum box. Sold many that way.

So how, where, and when have you sold? Do you have a source to sell to?

I understand(but don't agree) about the melting of silver via-a-vis copper.

I've heard that "copper is the poor man's bullion".

Best Wishes,
Scott
 

I have been tracking sales on fee-bay. It appears that prices are rising, but not enough to make it profitable. I am holding for prices to go up.
 

thrillathahunt said:
Ok, I am a little hazy on this coin melt situation. Is it ok to melt silver U.S. coins but NOT copper coins? Is there a specific law currently banning the melting of copper U.S. coins? Can someone spell this out for me? :tongue3:

Also, is there a buyer's market for junk "copper" coins like there is on "junk silver" coins?

Oooooopps! My torch fell over and melted 2000 pennies before I knew what the heck was going on. Or bury your ingot/blob in the back yard for a month or two. If questioned, you dug them up metal detecting and didn't know what they were. ::) ::) ::) ;D ;D
 

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