Gold and Silver is Money - Copper can be used as money

[SunnyMoon2010]

Stay away from Don harrold. He is a loser. I followed him a little while back in 2007-2008. I found him to be a joke. Later I heard, his business of daytrading also failed.

[TheTrueJBV3737]

i have rolls and rolls of <=1996 Canadain pennies 90% ;)

[MasterGun666]

wait im confused, what did you mean by "under 19 years of age"?

[davincij15]

@MasterGun666

It's late and I can't watch it again please give me a bit more context.

[MasterGun666]

@davincij15 at around 1:00, you mentioned that it is good for people under 19 to collect copper, im just wondering if there is some restriction on gold and silver for people under 19 that im not aware of

[davincij15]

@MasterGun666

I mean you get the most bang for the buck if young people collect copper pennies and look for silver coins in change. Young people have the time to do this thus maximizing there money with no down side.

[MasterGun666]

@davincij15 oh, alright i got ya, but yeah i agree, im 16 and i actually collect anything copper, including pennies, i already have about 1700 copper pennies saved up in just a course of 4 months, those things are all over the place!

[maryandadam]

US pennies <1982 = 95% copper

Canadian <1996 = 98% copper

[roscoegino]

@maryandadam actually it should be <1983. a good  70% of 1982 pennies are still mostly copper.

[usd25674]

Checked my pennies, they were all > year 2000

[texastee2011]

My husband just shot another buck thanks to Jesus. We donated most of the meat to our needy pastor but we still plan on making Texas style chili with a hoof or two.

[treasurefindermd]

Funny, if you're broke with $1,000 lol, if I was broke I would not have $1,000!

[mich65ek2]

Now, it's just made over $4.00 per lb, but seriously, who can you sell it to and who will buy it? LME? I had a friend who used to worked for LME (CN/HK sector), she said

if I want to sell copper to them, I have to have at least a 40ft container full of it. But the thing is if I be able to sell a small quantity to random market, nobody will follow the rules and pay me spot price as demanded.

[davincij15]

@mich65ek2

Check on EBay see if that's true.

[mich65ek2]

@davincij15 What's on ebay? You mean the numismatic coin that's made of copper for sale? If that is what you mean, then again, we're talking about numis world here, not the metal itself. Look, I'm not trying to argue with you. Copper does have its great value and can be quite profitable, but only for those who involves in metal industries and deals with bulk shipment. Forget about coins, what about copper threads, ornaments,frying pans or electrical components?

[davincij15]

@mich65ek2

No! I checked the price of bullion bars of copper on EBay and the go for an average of 5 dollars a pound over spot.

See for yourself.

[GuildF40]

If you areatching in the UK just get a magnet and search your 1 & 2 pence coins the easy way :o) The good ones don't stick :o)

[davincij15]

@GuildF40

Thanks for sharing.

[katipunerongkuba]

@GuildF40 Sarnia Silver and silvercoinsbullion is selling copper rounds now.



[SpiritSphere12]

What is considered long term for copper to go up like silver? 10 years 20years? or sooner? But for now i got silver but copper will be the next best thing after the silver boom.

[treasurefindermd]

Interesting, I'm already looking at Copper but man the spot for bullion is big spread!

[davincij15]

@TheBlitz1

I'm not investing I'm just saving my money, and gold and silver IS MONEY.

[resistevil1]

US pennies from 1981 and before are 95% copper 5% zinc

Some pennies from 1982 are 95% copper and some are 97.5% zinc

You need a scale to tell the difference, 3.1g vs 2.5g

Pennies after 1982 are 97.5% zinc

I'm with you on this topic!

[mich65ek2]

I think 1 copper penny would worth just 1 penny, not more and no less. People will not pay more than a penny to buy a copper penny. You see, I got a bag full of penny approx 5 dollars worth and if I cash it out, I can only get 5 dollars back. I also have a bag of rolls of copper thread roughly 3.5kg and noboby ever wants. The recyclist said that is too little to sell. Their minimum is 100kg+.

So, why is copper worth investing in?

[davincij15]

@mich65ek2

You can find on the Internet people said the same thing about silver in 1960s. Today you can sell your silver quarters and dimes for more than the face value.

Also you can find dealers on the web willing to buy copper pennies for 1.5 cents each.

Look if you don't agree I don't have time to argue with you just do what you want to do and let reality be our arbiter.

[mich65ek2]

Who can we sell our copper to? Recyclists? You will get a real lousy pay if you do so. In the end, you will find it's not worth for what you are doing. Who will buy our copper? What's the minimum amount?

[davincij15]

@mich65ek2

If you use copper as money it's not just the fact that it's copper that gives it value it's the form of a coin that increases it's value to a point where it's not worth melting down but trading for other goods and services.

[rayfob]

What about copper bars? I recently just bought 1 kilo of copper bar....any difference?

[davincij15]

@rayfob

It can be used as money but it has a limited history of being used as money.

[mich65ek2]

I suppose you could strip the electrical wire and get 100% copper

rather than collect pennys. After you accumulated a ton of stripped

wire cores and you can melt all you want then make yourself a big Cu

bar or slab...Pretty neat ins't it? That's what I am doing now.

[mich65ek2]

A dollar could change to 100 cents, means 100 pieces of 1 cent that

a piece of paper dollar can buy.....Copper will only worth something

when it's in mass quantity.

[trentstrong]

Good video. 5 stars.

[Silverinator]

The U.S. 95% copper cents actually weighs 3.11 grams or 1/10 of an ounce. They are already bullion meant to be real money. We don't necessarily need to melt them.

[exmoagogo]

Thank you DaVinci! Been sorting coppers for a long time now. Approximately 20% in circulation are good copper. About 1 in 500 will be older wheat backs. A few copper Canadians will show up too.

[urkingod]

Thank you, very helpful as always. :-)

[TheSilverHolder]

Make that $4.50, numismatically. ;-)

[TheSilverHolder]

Pre-1982 are 95% copper. 1982 was a transition year, so some are also 95%. Spot price makes a pound, about 150 pennies, worth $3, but, numismatically, a pound of pre-1982s is about $6. For every $10 worth of pennies, you will find about 2 pounds. Grab them while you can, as they will disappear.

[TheAudiorub]

i just got 4 oz

[Adahondeayenh]

Bought some silver yesterday! (When it was high LOL.) However, I only got my toe in the water!

Yes and I have thought about buying copper, but the time is not quite right, unless you are going to buy and hold for the long term, then I suggest to buy now!

[Entropy137]

Question. It's illegal right now to melt pennies, so what's the point in stockpiling? Do you expect a change in law? Or to export to foreign countries to melt?

[davincij15]

I was wrong it's not illegal.

[Entropy137]

Really? I always heard it was illegal. Was this a recent law change?

[davincij15]

Well in the 80s refineries where melting silver coins when it was $50 an oz.

However I would double check that.

[GoldSilver588]

Exporting to foreigh countries is also illegal. They've thought of that ahead of you. lol.

[D33Lux]

Nickels prior to 1981 are almost 7cents value. Any coin regardless of denomination is better than paper currency. Melt any coin and the metals have a use, burn paper...you get ashes. Bump on old pennies, anything before 1996 is good! 2006 pennies and above are stainless steel.

[72542]

Pre-1983 pennies were 95% copper. During 1983, a transition was made to copper plated zinc. The core is now 99% zinc, with the plating being 100% copper.

[72542]

I forgot to mention nickels... With the exception of the WWII issues with silver content, the nickel composition remains unchanged since 1866, 75% copper and 25 % nickel.

[D33Lux]

Yes, this is true! Any nickels in Canada (I'm not certain about nickels in the U.S.) prior to 1981 are good to keep! If anyone can please confirm a property date for 5 cent coins for our patriots in the U.S. would be of great service.

True about China investing outside of the U.S. currency. India recently bought 400 tons of gold, that tells you people are losing confidence in the fiat paper scheme. Don't wait for a Bank holiday, do yourself a favor & invest in tangible items or commodities.

[Ganbareg]

i agree mein host, get in there china is buying the lot up, clever foxys.

[phoitack]

Question? Once there is a bank holiday in the US, what happens to the Canadian banks like TD, BMO etc?

[davincij15]

When there is a bank holiday to restructure the banks I expect the same in Canada. Why? Well take a look at what happened in the 70s we had the exact same inflation the Americans did and that was because the dollar is the reserve currency that backs up our dollar. If the back bone gets restructured so does the body.

[phoitack]

Was hoping it would be safer here but apparently not. I thought since the Canadian gov does not print as much money and the banks here have a stronger foundation, they should not close. Thanks for the answer.

[davincij15]

Keep in mind a guy from Goldman sucks runs our central bank and they done all the same things the Fed has done. It's not well known, but articles that danced around what they where doing like "Bank of Canada moves to accept new risks". This means just like the Fed did they accepted bad loans for cash.

[nonantianarchist]

Once inflation kicks in, I think people will melt down any old coins they have. I think there was also a possibility that old dimes might become more valuable for their metal content than their face value.

[nerdlymike]

thieves in my area have broken into abandoned houses and tearing out the copper plumbing pipes for a few dollars a pound. people will hoard pennies and melt them for a small profit if necessary for a few extra bucks.

[drcobb1984]

They are doing here too in Australia, it is getting bad where they are even taking copper wire for train tracks, electricity sub stations etc.

[DeeHong]

Canadian Pennies Prior 1996 is 95% copper! I'm so glad i started hoarding my pennies :P

Or not even melt them just trade them as it is.

[onemindonespirit]

Thank you for doing this video and educating us on copper. It's good to be on the look out for the next investment, after silver. Or, just more ways to get out of the dollar in case of a (likely) crash. What are your thoughts on copper bullion? As I understand it, it is more expensive to make copper bullion, therefore you pay for a higher mark up, but it is still something to consider once copper becomes more of a popular investment.

[JRCrowley]

For nickels, check out the "portland mint" They sell nickels, as of now they are selling $10,000 face value U.S nickel lots for a Purchase Price Per Unit: $10,250

That's UNSORTED nickels, right from the mint, so you will find war nickels, Buffalos... good stuff ;)

[mlndstream]

makes sense to hoard some real money as loose change, so if anyone needs to purchase something that costs 1.2 ounces of silver, you could give a silver coin plus some loose change, rather than having to pay too much or too little in silver/gold

[yogiudo]

They're going to get rid of pennies. Guarenteed!

Pennies are a great investment.

[XonixRogotta]

Hey Davincij15, I remember back in april in regard to my video "Physical Copper/Nickel Is ALSO Money - End The Paper Ponzi" you were lukewarm to treating copper the same as silver and gold and suddenly now you're embracing copper. I feel vindicated and happy that copper has a place in your heart now as it does in mine. I love your videos by the way man. You should have seem the look on the bank tellers face a few weeks ago when I went in there and asked for $100 worth of pennies. Back is sore:)

[Entropy137]

@XonixRogotta Did they actually give you $100 worth of pennies?

[XonixRogotta]

They only had $45 worth of pennies physically on them at the time and told me to come back in a couple days when they would get more. $100 worth of pennies is about 66 lbs, I don't think I would have been able to carry that since it was about a 10 minute walk to get back to my car. I would have been dropping pennies everywhere. $45 worth of pennies is about 30 lbs.

[shaurz]

From 1992 UK copper coins (1p and 2p) were copper-plated steel, basically worthless. Previously they were bronze (about 88% copper, 12% tin)

[ogapadoga]

Thanks... good videos

[ogapadoga]

hi sorry for this stupid question but where do u melt coins and how much does it cost to melt coins?? is it practical at all???

[davincij15]

On of my views does it for a living, he melts silver and gold jewlery into bars and it's cost effective for him. I don't remember his user name but I mentioned him in one of my videos around January - March time frame. He is running a successful business doing just that.

[davincij15]

his name is mustangjake2073

[mreisma]

i think its '81

[tinsnanna]

thx i can do that :)

[oldmrelics]

I took roadwarri0r's advice last May and began buying nickels from the bank $100.00 at a time. I now have over 13,000 nickels. Each nickel is 5 grams consisting of 75% copper & 25% nickel. Its a win/win situation, dollar goes to zero nickels go up big time, if the economy some how recovers, the nickels are still worth 5 cents. I still buy silver when I can find it. Silver tip: check your local pawn shops for silver bullion, most don't know the current spot price. I've bought silver below spot.

[whippoorwillss]

US is 1981 and older minus the steel penny made in WW2.

[LysSpooner]

US copper is too slim pickings. go for US nickels instead

[143DREWID]

Davincij15,

I have been purchasing from copperbullion (dot) com.

copper rounds (in tubes like silver!) or bars available and marked .999 and oz's for trade or purchases in future. Does cost more than win/win pennies per pound. Saving as a hobby the correct year pennies from pocket. Copper can be purchased in wire/cable form for less than bullion form. ie battery cable. If silver dives again however, gimme ag gimme ag gimme ag

[143DREWID]

Named incorrectly. bullioncopper (dot) com

[AfterTheFox75]

Thanks Davinci! Can't beat the logic of getting anything you can -even if it might prove to be a longshot. The important thing now is just to do something/get something and to brace yourself.

Cheers

[RainstormGB]

its 1992 for england :) 1p 2p

[ramp31]

before or after 1992,and is it pure copper

[RainstormGB]

its pre 1992

so 1991 and before and some 1998 2p were all copper 97%

[ramp31]

ty thats cool to know,, were in the uk do u get ur silver from ?

[poapete]

copper and silver are only stores of wealth to those who know that dollars are worthless. Most people don't understand this, unfortunately, but on the plus side, it means there's more for us :D

[nameofthepen]

Don't forget to swirl through the penny-jars at the cash registers of your favorite neighborhood store while you're paying for your Snapple. ;-)

[REDEMPTIONthreadz]

US pennies= actually 1981 and older. 1982 is when they switched, so some of them are copper, and some are not... safer to just go with 81 and older....

[ccharlie100]

If that picture in the background is real, I'll swap you a couple of tonnes of copper for it.

[davincij15]

Yeah, It is real Davinci did paint it.

LOL

[NowisEvollovetion]

I am from the UK, at work recently myself and my apprentice snapped in half one of each of the new British 1 and 2 pence piece's.

They have a copper look to them on the outside (like a sprayed on covering), although on the inside they are some type of silvery looking cheap alloy.

That's inflation for you eh!.

The coins are no longer worth the weight in copper they were originally made of.

Now they are just made of CRAP.

How dishonest of them to attempt to make them look like copper.

[1TheTruthChannel1]

you can get a 1lb .999 fine copper bar for only 10.00 bucks on ebay.

[GoldSilver588]

Last time I saw on eBay, a 10 ounce Maple leaf copper bar sold for over 22 bucks, not including shipping.

[1TheTruthChannel1]

Guess that other one sold mighty fast.

[BackBurnerNews]

I'm gunna take another look at some of my old jars of pennies.

; )

[4rcane]

it doesnt work for copper guys. How many tonnes do you need to make a few buck?

[4rcane]

There are a few ppl who's trying to be smart by half, by suggesting we could use base metals, copper etc into coins to sell. It doesn't work, esp when these coins already sell for x3 spot price, so if copper price x3, you just cover cover. On top of it all, for money to have value, it needs to rare, not common

[chena3]

finally tomorrow shanghi..

gold 1065.54

silver 17.96

dxy 75.28

they're in the gates

and they're off ..

every bodie sells the dollar..

what are they buying .....

long herring roe ..

[dontblamethemessenge]

buy a burner or oven and put that coins in it.

Illegal or not.

Do not study laws too much.

they change everyday.

You just say "sorry, didn't know"

[Winst0nOBoogie]

Just an FYI:

You are not correct in the penny dates for Canada, I have melted many, many of them for science projects and ONLY PRE-1972 are all copper. FYI.

But I like & your channel

[davincij15]

Yes, I was wrong you can melt them.

[GoldSilver588]

Canadian Pennies prior to 1996 are 98% of copper. This data is from official government website.

[Winst0nOBoogie]

Thank-you, but I would suggest that you get a 1995 penny

and a pre-1971 penny

and melt them

You will find that under high heat the 1995 (and the like) penny will smoke and 'burn off' and leave a husk of brittle, greyish-black, light weight swiss-cheese like material....

The pre-1971 penny will begin to 'rise-up' (due to high surface tension of molten copper) in to a copper colored blob.

I would tend to believe the laws of physics, over the physicals who make laws (so to speak)..

Cheers

[galikazoid]

interesting idea

thanks for sharing

[frontier1701]

So what do you plan to do with those all copper pennies??? Even if it were legal to melt them... the melting point of copper is 1984 degrees... I doubt it would be cost effective to melt them at all

[davincij15]

Like silver and gold there are refineries that exist to melt them down and will pay you just under spot.

[Raycheetah]

In the event of a currency collapse, if we end up using PMs for barter, copper pennies may enjoy a higher real value, albeit as "small change." Remember, a hundred years, and 97% of the lost value of the $ ago, a penny was REAL money, with real purchasing power. If fiat currency falls through, prices in Au, AG, and Cu will likely revert to their original levels, even as barter. Barring that, Cu pennies could appreciate as did silver coins, once out of circulation long enough. =^[.]^=

[jfooj]

1981 and older U.S. pennies are 95% copper. In 1982 both 95% copper and 97% zinc mixtures were made.

I've found that about 20% of pennies in random bank rolls contain pre 82 pennies. At least at my credit union.

[StevenM818]

In the vlog, davincij15 stated

"It's illegal to melt U.S. tender coins"

Regarding that, as I understand, you can do what you want with U.S. coins, as long as your not trying to commit fraud after they've been altered. For further information on this, see below:

"Melting US coins Silver. Pennies Nickels illegal? legal?"

tinyurlDOTcom/ykjecas

Also see:

Is it Illegal to Melt U.S. Coins?

tinyurlDOTcom/ylgvxmd

Replace "DOTs" with a period.

[Raycheetah]

Thanks for the links. However, the first link has a response: "There is a Federal Law (e.g. language in the United States Code) - 31 U.S.C. 5111(d) - which "authorizes the Secretary of the Treasury to prohibit or limit the exportation, melting, or treatment of United States coins when the Secretary decides the prohibition or limitation is necessary to protect the coinage of the United States."

The second link is dated 2006, which is before the current law went into effect (April 2007). ='[.]'=

[StevenM818]

Raycheetah are you saying it's constitutional for the Secretary of the Treasury "to prohibit or limit the exportation, melting, or treatment of United States coins when the Secretary decides"?

[Raycheetah]

I'm not a Constitutional lawyer, nor do I play one on TV. So I don't know for sure if that law is one of the MANY laws which violate the Enumerated Powers Act. However, lawfully enacted or not, that is the law on the books, which means that, should one be in violation of it, one risks the penalties. You melts your pennies, you takes your chances. =^[.]^=

[davincij15]

You are correct it's illegal to take more than $5 of pennies out of the country.

[JRCrowley]

Copperhead Road!

[toshibavoodoo]

great

[stealinator]

pre 82 pennies are hard to find. Waste of time, unless you have lots of time. Guess alot of folks sittin on the fence as far as buying silver and gold, hence the cheaper alternatives. I know I am. Gonna be a massive pullback in the next 2 weeks, thinking the metals might hold their own, can not see anyone running to the dollar as safe haven, like last year. Only the metals are left.

[davincij15]

It is only a waste of time if you have lots of money and you make money with your time. However if you are working for $10 an hour and want to save something for the future then it's not a waste of time.

[tinslatee]

I had a bucket of pennies I collected up here in Canada years ago. I went through them and everyone of them was pre 1996 ! Didn't really have to even sort them out . Its like an ice cream bucket full. I think there is alot of truth to copper becoming more important in commerce. People were chuckling back in the early 70's at people who collected silver change.

[halfasheep]

thinking outside the Ag []

[buzmach]

I Like TIN....52 week move from $2.34 to $17.19. Not bad!

[undekegamisou]

WAIT! It's against the law to melt coins! HAAAAAAAAA HAAAAAAAAAA

But it legal for the Government to inflate me till I'm broke!!!

Melt Melt Melt away...!

[AndyMH182]

Does anyone else sort through pennies?

We used to have half cent pieces in this country? At the rate the dollar is going, pennies will be so worthless, at this point, I believe copper pennies will get sucked out of circulation like silver coins.

I don't know about anyone else, but I see a great opportunity to snag up some very easy tangible assets.

[argentummolonlabe]

yes, I sort them

[AndyMH182]

Isn't it like 3 rolls of pennies per pound?

[chena3]

DXY 75.28

74.something

by dawn

[davincij15]

That is way below the bollinger band!

[nameofthepen]

"Dollar hits 14-month low; Fed says economy better"

The Fed must be smoking parsnips?

[ABOSOLUTEKNOWLEDGE]

no they smoke the free coke they bring in

from afganistan:)

[nameofthepen]

Ha ha...hate when that happens.  ;-)

[Kingratass]

some 83's were copper also..you can find out by weight

[argentummolonlabe]

If you find an 84, it is worth a lot for numismatic value! Would be good to sell now and get silver

[psbyowner]

any metal .. copper to platinum.. trade them dollars. just have to worry about another big dip.

[Raycheetah]

Consider "junk silver." that is the likely eventual status of copper pennies. Even the current 90% zinc pennies have occasionally flirted with being worth more in zinc than face value. By the way, sorting by hand IS a pain, but that's how you find old wheatbacks and such.

If you have $1,000 to spend, I'd buy silver, 'cause copper is VERY heavy and bulky relative to its value, and not as likely to appreciate as far as silver will. =^[.]^=

[Raycheetah]

A resource I like is Coinflation (dot com) which has a page with up to date melt values for coins, based solely on metal content. Lets you know when those old copper pennies are worth more than face value, for example. =^[.]^=

[buzmach]

Davincij15, Keep you eye on TIN

You'll drop copper. I know what I'm talking about.

[AndyMH182]

How can you get into tin? And why are you so bullish.

Thanks :)

[AngriestAmerican]

Actually a pre-1982 penny,,has 1.8 cents of copper in it...

Also,,a nickel has 5 cents of metal in it also,,nickel and zinc....So if you want to atleast save the value,,buy nickles...

[moofph]

...the nickel has no zinc.

75% copper, 25% nickel

intrinsic value as of 10/14/09 is $0.0462473

[AndyMH182]

I did this about a week ago, and out of $20 of pennies ( 40 rolls ) I pulled out 4.2 pounds of copper. Not fucking bad.

I also find it therapeutic to sort through them, and I enjoy knowing I'm acquiring assets that will very much so be sucked out of circulation just like pre 1964 dimes and quarters.

It'll happen sooner or later, you'll almost never find copper pennies, so you might as well have a blast while you can.

[SILVERSURFING514]

pennys are made of zinc now .(in the states). I would agree with you about copper going up in price but not by much.  It is a good investment if you investing now and selling it 20 to 30 years from now. Other than that its pointless. Its better to gather scrap copper turn it in , get money and buy silver and or gold. If the economy were to ever pick up again I think silver and gold would hold a steady growth to this over populated world.

[videolover61]

Yeah..I used to work at my fathers air conditioning company. I would gather up all the old copper that came from the houses that we changed the copper pipes in. I would turn it in to the junk man, and I would make a nice taste on just a little copper. The crackheads know about coppers worth. In St.louis they strip all the churches and vacant houses of the copper tubing. Those crackheads are some pesky little devils...

[orangefield1]

nice new topic!

[kenandjasha]

informative vid Dvinci...thanks.

[airdreamlove]

Lol, i havn't spent a nickle in at least a year

[AndyMH182]

1981 and before are 95% copper 1982 you have to do a "bounce" test to find the copper ones because some are made of .... something.

[jonald77]

i do this with a ryedale sorter. Sorting by hand sucks incredibly. The process is a bit of a pain, but I'm up to 1000 pounds of pre 82 pennies. I'm gonna quit at a ton.

[DontTread0nMe1776]

In the U.S. people with just a little bit of money (or a lot of space in their safe) should stock up on Nickels. No need to sort them, all nickels from 1946-2009 are 25% nickel / 75% copper and have a current metal value of 4.6 cents each and was recently over 7 cents, they will be going back up soon. We will soon see Gresham's law again when they will flood these good nickels out with stainless steel or maybe even wooden nickels! The US dollar will be hyper-inflated into oblivion soon.