Thanks for the vid! I will start this now also.....get this! July 4, 2010 I got change back at a gas station and noticed a dime was off color. The clerk did not notice she gave me a Liberty dime in change...SILVER BABY! I was on my way to go skydiving...took it as a good sign.
I'm saving any copper penny I find but I personally wouldn't go out and purchase rolls with the inent of aquiring copper. Its now the last day of 2011 and copper I think will fall as China really slows down next year. Cu prices in my opinion are more a relfection of industrial demand than a hedge against money printing like Au and Ag. On a totally side note I found a 1921 penny a few weeks ago. When I find ones that old they go in a seperate jar of old coins. :)
To people who scoff at doing this - In 1964 you could have walked into any bank in the US and gotten as many rolls of silver dimes, quarters, and half dollars as you wanted for face value. These coins are worth far more than face value now and of course you never see them in circulation or in your change now. I really wish now that either I (I was eleven years old in 1964) or my parents had enough foresight to buy up silver coins in 1964. I believe the same thing is happening with copper coins
Save your nickels also. Nickels are 75 percent copper and 25 percent nickel. The nice thing about nickels is that you don't have to do any sorting. And nickels are at the tipping point where they will soon be worth more than their face value. I save both pre 1982 pennies and nickels. Nickels and copper pennies will always be worth at least what their metal value is and will always be accepted as money.
I like it, as copper prices and demand rise you'll be able melt them down just as you can melt silver coins. This is an investment, a penny may be worth 2 cents today and who knows in 30 years. I wish my parents were wise enough to save silver coins
@AbileneAugie I have in the past, but they are stlil making nickels everyday. Why buy now when you can buy tomorrow with cheaper dollars? On the other hand, even I can notice that copper pennies are getting rarer every month.
Another problem with nickels is that you get so little metal for you rmoney. I can easily carry $100 worth of nickels in a backpack, while $100 worth of pennies almost requires me to drive to the bank to get. Yes, I know they contain nickel, a more valuable metal
but at the same time, they contain a less pure form of bullion, being 75/25 copper and nickel. And nickel really isn't really investment stuff, while copper somewhat is.
@FortNikitaBullion If you had a job, you would be making like 5000x any gain you would(if you could) from collecting pennies, so it doesnt matter that the us dollar may loose a microscopic fraction over time. Its all about your time. Thats where the true value is. Your fingers can only open, and close so many times in your life, so dont waste them with pennies!!! I admire your desire at this young age, dont waste it. Go mow a lawn or something!!!
@FortNikitaBullion Your young, go get a girl pregnant. But seriously, pennies are probably the worst way to spend your time. May I remind you that it is illegal to melt USA pennies. You are wasting your precious young life. Your time is the most valuable thing you own. Dont sell it for pennies.
@archon808 Again, see my reply above. Sorting pennies doesn't automatically mean I avoid other things; sometimes activities supplement each other; we all need a break from other work, girls, and other things in life, and doing things I like (like sorting pennies) can make the rest of the pie bigger and make other things more achieveable.
@FortNikitaBullion If you had a job, you would be making like 5000x any gain you would(if you could) from collecting pennies, so it doesnt matter that the us dollar may loose a microscopic fraction over time. Its all about your time. Thats where the true value is. Your fingers can only open, and close so many times in your life, so dont waste them with pennies!!! I admire your desire at this young age, dont waste it. Go mow a lawn or something!
This is stupid. Not only would melting, and seperating the zinc be expensive, nobody is going to melt it for you as it would be illegal in the USA, so add the cost of transporting inexpensive, but heavy metal out of the usa. You may make a 1 cent profit!!!
It's really amazing I read in these comments in coin forums from well established people about how its a complete waste of time to sort though these and save the coppers etc and how its too late to buy silver etc and precious metals are in the bubble stage soon and they compare it to the tech bubble... I really don't get it they have faith in the dollar... Is this just a different mindset or something?
@123puzzlesmc Not bad. I wish I had the time to do this still, not to mention I'm running out of space and moving is becoming quite challenging for me now.
We run a charity at HumanitarianGuyana dott com and if you are interested in just Pre 1982 95 percent Copper Pennies then go to our website under specific ways to help and order. They are sent in a USPS Flat Rate Box 6 mil plastic or canvas bank bag insured with signature confirmation.
i just started my copper penny hoard gonna do it all by hand sorting much more fun,buying 6 25 dollar boxes every 2 weeks...i can honestly see copper @$25 lb by 2015 perhaps $50 in 10 yrs from now...collecting these cents only makes sense to get them b4 there gone 4 good
Interesting video. I am 68 years old and I think they stopped making the copper pennies in 1980, not 1982, but I do forget things. This is the kind of work that you should give a younger kid, whose time isn't worth as much as yours is. :) But I am surprised you got so many coppers in the one roll. I hope you become a copper magnate soon. Another Francisco d'Anconia, maybe.
im into silver bullion but just now got into the copper penny deal. There are good buys on ebay for rolls of copper pennies. Latest i found is 50LBS for 121.00 Shipped. At todays copper prices and melt value thats .2 cents per penny. Today copper at 4.51 feb 9th thats about: $4.51 X 50lbs = $225 NOT BAD!! And thats at todays prices. This to me is a long term investment project as the price will keep going up and or for a scary scenerio where the pennies can help for bartering :|
@Begbucks Yes, there are machines. But I enjoy looking for rare coins, too. Also, I'd hate to buy a machine only to have copper pennies become extinct within a few months, although I have to admit I've been saying this since 2008 and it hasn't happened.
@FortNikitaBullion Thats true, While I suppose there are advantages to that, but for larger operations such as my requirements that would be paramount as clink goes clink wears the patience thin lol
@Unbeloved1 Why would I? With copper cents, there is always potential for collectible value, and some downside safety if copper prices should fall again.
@Unbeloved1 I would take pennies back to a bank different than the ones you get them from. Not only is it rude to constantly swap pennies, you'll be much more likely to get the same coins back. Besides, I find some banks are always trying to get rid of pennies while others need pennies, so as a side effect I can make them happy too.
@spencerspot As an Industrial metal copper performs well in a good economy when it is being used in industry. Key words "good economy." There is no shortage of copper.
@ColdCaseFile Supply and demand are only one aspect. Inflation will drive the hard assets all higher. Nobody can print copper. The choice between paper and copper is an easy one for me. History and government idiocy are my perfect guides.
@spencerspot You can get ones wrapped by the Federal Reserve, Brinks, or other customers. I prefer the ones from other customers the most, as they can turn up quite unusual stuff, especially around the holiday season.
@FortNikitaBullion We just purchased a Ryedale penny sorter. We are now sorting around $300 in pennies each month and pulling around 20% copper out of circulation at this time. Thanks for the advice. Get your copper while it is still available everyone. Hard assets are the way to go!
@spencerspot Not bad. If I'm only going to sort $300 a month, I'd generally prefer to hand-sort however, as I do find rare coins and a few handful of wheat cents. But if you just want a fast way to score a safe investment or hoard a large number of coins, Ryedale is the way to go and will easily pay for itself.
@FortNikitaBullion I have certain sorting techniques for the Ryedale that allow me to pull out wheats and dimes etc... We have also found 2 Indian Head pennies as well. It's an investment first and treasure hunt second. I'm looking forward to $10/lb copper. $20 is a reasonable target for 5-10 year horizon.
I've actually started doing this a bit, but my main concern about it would be that the price of copper might go down if the supply goes up from all of these foreclosed homes being gutted. Without jobs not as many people will be able to buy homes, and a lot of the foreclosed properties will sit empty so its likely they will be cannibalized for their base components, including copper wires and pipes.
@wolfpax22 Homes are a rather insignificant demand for copper, on a global scale. It is also rather impossible for homes to sit empty on a long-term basis; demand and supply will have to find new equilibrium such that the homes are occupied.
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
@ScorpioBornIn69 This is interesting, because junk silver also started to sell when it was roughly 3x face. This is the threshold at which people tend to start buying.
@FortNikitaBullion Copper now as of December 22, $4.26 a pound the closing price. A 50 cent roll of pre1982 cents are worth $1.40. Copper is going through the roof. These older pennies are almost 3 cents each.
ok so after u have a million pennies were do u cash them in at when u wont to collect on your investment ..and how would the verification process go to verify the dates
@ally4free1 I think someday bags of copper cents will trade just like junk silver today: perhaps in boxes of $25 face value. As for verification, once the industry exists there will be ways to efficiently do so, just like junk silver, or even the wheat pennies that trade by the bag today.
Here's another thing to think about in the near future. Zinc prices are rising fairly quickly. I know that zinc pennies aren't worth anything now, but in time, even post-1982 pennies will be worth saving. Perhaps in a year at the most.
@vracer88 I think you're right. For zinc pennies, I generally prefer boxes of brand new uncirculated pennies (banks turn up these sometimes). That way I get some numismatic value on top of bullion. One time I got several boxes of uncirculated 2008 pennies.
@mich65ek2 Actually I like the Canadian copper cents. You get all the advantages of US copper cents along with the much stronger Canadian dollar. Canadian cents before 1996 were copper, but I think ones before 1979 have even more copper (more than the US cents). I keep these aside.
@FortNikitaBullion Just checked, a pre 96 Canadian cent contents 98% copper and it was remained 98% before 79. However, I am neither an american nor a canadian, so I can't get my hands on them both . But, I get a lot of Taiwanese 50 cents, made of 97% pure copper, just about the same size and weight as an US penny. Just 1 USD can change into 62 pieces of it, not a pretty bad deal. The last couple of months, I was going bank to bank hard out getting them like a bandid.
@mich65ek2 Actually my family is from Taiwan and I know exactly what you're talking about! I think this is much better as the metals were never replaced in the coin (although they have stopped minting them and most stores don't use them). You could literally just withdrawal your life savings in those coins.
@FortNikitaBullion The Taiwanese 50 cents contents 97% pure copper, each weighs exactly 3g, first issued on the 8th of December, 1981. The very next year (1982), Taiwanese gov declared that it's no longer in use, it' was just a stupid bad mistake. The coins are now sitting in the bank vault like a pile of shit, nobody wants it.....I've got 887 pieces of it, cost me USD 14.31- and they are only weigh 2.661kg. Consider this is not a pretty good deal, so I stop getting them anymore.
My grandmother has four piggy banks full of pennies. Today, I got to look through them. I took home 5 wheat cents (there was a sixth, but I lost it in the piggy bank), 8 Canadian pennies, a 1970-S and 1973-S penny... and about 34 copper pennies. There's thousands of pennies in those piggy banks, and about 40-50% of them are copper.
@vracer88 Pretty good. I always try to make friends with bank tellers so they can let me know if an elderly person has turned in a lot of coins. They always turn out good. One time I even got a few rolls of silver coins doing this.
@Mr2wings Right now, 2.4 cents if you could refine it. But the upside potential is massive. For example, in 1974, a copper cent was worth 1 cent while gold was worth $200. 20,000 copper cents to an ounce of gold. At that ratio, that would be 6 cents today. If you do the same calculations for different times, you will see that from 10,000 to 50,000 copper cents generally buys one ounce of gold. If we expect gold to be undervalued, copper is even more undervalued by a factor of 3 to 10.
@gooseCha The rate of copper cents you will find will depend on how and where you obtain these coins. In the most ideal case, you make a good friend at the bank who will weigh the boxes and rolls of coins before you obtain them, so you can pick the heaviest batches (I actually do have a good friend at a local bank who will do this for me). Also, credit unions tend to have older customers who bring in older coins, also a good place. Poorer areas in town are also great. Timing is crutial too, as
I often find interesting coins (sometimes even silver coins) right after the holiday shopping season. But yes, copper coins are becoming noticeably harder to come by over these last 2 years, I would say. I'd say I used to find 1/3 copper coins, now it's starting to approach 1/4 or so, especially in my local area where I've done a good job cleaning out the copper.
One aspect you forget to mention is finding someone who will buy scrap copper from you at the current spot price.Scrap metal dealers,for obvious reasons,pay well below the spot price.
There are still substantial deposits of copper left in the UK along with mine tailings from the 1800's that can be reworked with more efficient modern methods to recover the metals the old processes left behind which can be substantial,also ore types that were not refinable in the past can be recovered.The copper ore bodies in the UK are massive but mostly lie at considerable depth and pumping the water out made it unprofitable.Now prices are high it could be considered as worth mining.
@silver760 Exactly. As the deposits of copper become more and more remote, it costs more and more to mine the copper, and thus the price hits higher and higher levels to equalize supply and demand. This is the same for peak oil: oil won't "run out" (at least not in our lifetimes), but the oil left available becomes harder to get over time. At least there are suitable substitutes for oil, but not necessairly so for copper. Right now the developed world (US, Western Europe) live on a bubble of
@FortNikitaBullion cheap copper produced by developing countries such as China, Chile, and Poland --- check it out, Poland is one of the only EU countries not affected by the global recession, mainly due to copper production. Can you imagine what happens when these countries develop and also become a net user of copper?
Keep in mind the actual dates for copper are 81 and earlier. The change was made mid 82 so there is no guarantee by date that an 82 is 90% copper or the clad crap
@FortNikitaBullion Yes I just didn't want anyone to get confused by it. Some people arent keen on sounds either and may not be able to tell the difference. Another way if you have a gram scale is to weigh them. Copper is heavier than copper coated zinc so a Copper penny weighs at just over 3 grams while a zinc is at 2.5 grams
@social3ngin33rin With practice, you can go through a $25 box within half an hour. Assuming 1/3 to 1/4 of them are copper, it's not bad. Also don't forget you'll also find a few wheat cents (I can sell these for 5-10 cents each), as well as an occasional rare coin. I've found coins which I sold for $500. Of course you also get a very sound tangible investment, which we all need in this day in age.
@social3ngin33rin I dont do a whole lot while im at home so time really isnt a thing for me and probably a lot of other people, and you could also recruit someone to help you. My brother is a wheat cent collector so I give him all the ones we find to help me. we get $25 in pennies done pretty fast.
@ejunkulator Exactly. Everyone's saying it's a "waste of time" you only make a few bucks an hour. Well, if you can work and make $20/hour every waking hour, I see the logic, but that isn't the case for the majority of people. There's nothing wrong with supplementing your day job with sorting coins after work or on the weekends.
you dont have to look at the dates on the pennies because copper pennies make a slight ringing sound when dropped whereas zinc pennies make a dull clacking sound. with practice you can sort them by sound alone. i sort pennies by throwing them at a rubiks cube.
@borderlinebuddhist Yes you can do that, and in fact when I'm riding shotgun on the road sometimes that's the only way to do it, but I find in practice it's much easier and faster just to look at the date. This trick also comes in handy for 1982 coins, sometimes the color is hard to tell due to wear and corrosion.
@stealthbeast A typical $25 face value box might take me an hour to sort (start to finish, including emptying out, sorting, and rerolling), in which I might find 700 copper cents, and maybe 10 wheat cents. At current spot prices, that's about a $7 profit for the copper, and an occasional windfall when I find a rare coin (I sold a coin for $900 once). And of course it's tax-free (at least until you try to sell the copper). And you can choose your own hours.
I hope you have changed the battery in your smoke alarm, since you filmed this vid, for your safety, as well as that sound is like nails on a chalkboard!
Check out the ryedale sorter. And also look at E-bay. There is an industrial machine on the market and thousands of pounds of copper pennies for sale.
@hailgov I know of Ryedale. As I've mentioned, I have a limited amount of capital to invest, and I enjoy looking for the occasional rare coin, so Ryedale isn't for me. But overall an interesting product.
Sorting pennies for copper is a lot of work. Nickles are 75% copper & 25% nickle Junk nickle bags are in our future and a great hyperinflation hedge, being they're closest thing we have to real money today.. You can always sort thru them for war nickles, before you storeing them for the future
@rnade Yes, but as mentioned a few times, they'll be around for a while. No need to rush out and get the nickels today. The copper penny, on the other hand, is quickly disappearing and it'll probably be game over this year. Besides, I only have a few hundred bucks a month to invest and I don't mind sorting.
@rnade With cents you have a 100%+ profit right of the bat, whereas nickels are only worth about 20% more than face value. So nickels are indeed easier, but less bang for your buck.
@yobohobom I used to do these, but then I realized there's currently no plan to phase them out or change the metal composition. Why tie up my money on coins that will still be here tomorrow while the copper penny is quickly vanishing from circulation?
Besides, the nickel is only worth 5 cents in terms of BOTH copper and nickel. To recover the 5 cents, you would have to isolate both metals and sell them, at a low overhead. That's a very optimistic assumption.
You're only going to be able to do this for a short while longer... either the banks or some enterprising investor is going to start using a sorting machine based on weight. Even if it takes as long as or longer than manually, set it and forget it...
I'm surprised copper pennies have stuck around this long. I read somewhere online that there are some 120 billion pennies in circulation. Divide that by 300 million Americans, and there are 400 per person. Of those, perhaps 100 will be copper. That's not a lot by any measure, especially when you also consider how cheap pennies are to buy (relative to the dimes, quarters, and other silver coins of the 1960s, and adjusted for inflation).
I expect to someday see bags of 'junk copper' for sale.
half of the 82's are zinc and the other half are copper
a quicker way to sort through these is to throw em on a scale and if they weigh 3.1grams they are copper and 2.4 means zinc because you dont need to flip them over to read the dates. This also lets you focus more on wide and close AM's, which yeild the best profit when sorting through US pennies
With some practice, you can also tell copper from the color. Real copper pennies are actually bronze, whereas zinc pennies are coated with pure copper. However, I find this method prone to error too, and generally only use it as a quick heuristic.
I agree about too much work. If you have $10,000 a month to invest, this is probably not for you. Even with a Ryedale, you'll also have storage and transporting problems. I have $100 to invest, and enjoy looking for rare coins on the side.
I'm in computer science, which probably explains why I have money to invest, as I don't spend a lot drinking, socializing, etc. Heck, I don't even like to eat out.
I have, but as there are no plans to phase out or to debase the nickel, why would I do so today when I can buy the nickels cheaper with tomorrow's dollars? Also, there are higher refining costs, as nickels contain both copper and nickel. I do like the 99% nickel Canadian nickels, however, which I find occasionally in the US, as well as other pure nickel coins.
I apologize for not posting more videos everyone. I've been very busy with PhD research. However, I want to thank everyone who has helped make this concept viral. The more people we get honest money (copper, silver, gold) onto, the more prosperity we bring to society as a whole. Please spread the word!
good video, i have a job at a register so i sort about 8 rolls a day and just buy em at face value with quarters. i dont have of the paper rolls so what do you suggest for storing them?
If things go the way I think they will, I suspect years down the road we may see dealers sell bags of "junk copper", maybe $50 face, $100 face, or something of the like. Also, another figure you might want to know is that every 154 copper cents make one pound of pure copper (they weigh slightly more than a pound, but are 95% copper, giving the pound of pure copper). They could thus be also sold in units of 154.
@marcchabotyt - Not really, I'm not trying to dismiss your claim but I just tried the magnet test. Out of 12 pennies all 2006-2009 only 2 were magnetic. This is Canadian crap pennies I'm speaking of though. lol
Although the cents aren't magnetic, I believe some mechanical coin sorters use a magnet. The misconception is that they attract coins. What happens is that different metals (copper and zinc), respond differently when MOVING within a magnetic field. The field creates eddy currents (wiki it), which deflect the trojectory of the coin. The coins can then be separated by this discrepency.
if you want copper... you might have better luck stripping wires.
Also... anyone who collects aluminum. The pull tabs on soda cans are pure aluminum and can give a higher profit and melted into bars. So I heard?
hydrobot2003 1 month ago
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Thanks for the vid! I will start this now also.....get this! July 4, 2010 I got change back at a gas station and noticed a dime was off color. The clerk did not notice she gave me a Liberty dime in change...SILVER BABY! I was on my way to go skydiving...took it as a good sign.
PotatoGunsRule 1 month ago
I'm saving any copper penny I find but I personally wouldn't go out and purchase rolls with the inent of aquiring copper. Its now the last day of 2011 and copper I think will fall as China really slows down next year. Cu prices in my opinion are more a relfection of industrial demand than a hedge against money printing like Au and Ag. On a totally side note I found a 1921 penny a few weeks ago. When I find ones that old they go in a seperate jar of old coins. :)
ClearSmashDrop 1 month ago
I also save the zinc pennies as I think there will be a future run on zinc price.
MRWAYLAND 2 months ago
To people who scoff at doing this - In 1964 you could have walked into any bank in the US and gotten as many rolls of silver dimes, quarters, and half dollars as you wanted for face value. These coins are worth far more than face value now and of course you never see them in circulation or in your change now. I really wish now that either I (I was eleven years old in 1964) or my parents had enough foresight to buy up silver coins in 1964. I believe the same thing is happening with copper coins
theskeptic2010 2 months ago
Save your nickels also. Nickels are 75 percent copper and 25 percent nickel. The nice thing about nickels is that you don't have to do any sorting. And nickels are at the tipping point where they will soon be worth more than their face value. I save both pre 1982 pennies and nickels. Nickels and copper pennies will always be worth at least what their metal value is and will always be accepted as money.
theskeptic2010 2 months ago
I like it, as copper prices and demand rise you'll be able melt them down just as you can melt silver coins. This is an investment, a penny may be worth 2 cents today and who knows in 30 years. I wish my parents were wise enough to save silver coins
corymikk 2 months ago
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I just finished going through a $25 box of pennies, and the average percentage of copper pennies in the box was 26.6%. Is that a decent percentage?
hiker0100 2 months ago
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hiker0100 2 months ago
@hiker0100 Sorry, the average % of copper pennies in the box WAS 26.6%.
hiker0100 2 months ago
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copper great, check out my vids...
carminecar 3 months ago
Andrew... Do you think it's a good idea to hoard nickels as well for the same reason?
AbileneAugie 4 months ago
@AbileneAugie I have in the past, but they are stlil making nickels everyday. Why buy now when you can buy tomorrow with cheaper dollars? On the other hand, even I can notice that copper pennies are getting rarer every month.
Another problem with nickels is that you get so little metal for you rmoney. I can easily carry $100 worth of nickels in a backpack, while $100 worth of pennies almost requires me to drive to the bank to get. Yes, I know they contain nickel, a more valuable metal
FortNikitaBullion 4 months ago
but at the same time, they contain a less pure form of bullion, being 75/25 copper and nickel. And nickel really isn't really investment stuff, while copper somewhat is.
FortNikitaBullion 4 months ago
Also instead of wasting your time going back and forth to the bank, and seperating pennies, you could get a job, and MAKE ACTUAL MONEY
archon808 5 months ago
@archon808 Yes, but then what are you going to do to save the fiat money and turn it into something that keeps value?
FortNikitaBullion 5 months ago
@FortNikitaBullion If you had a job, you would be making like 5000x any gain you would(if you could) from collecting pennies, so it doesnt matter that the us dollar may loose a microscopic fraction over time. Its all about your time. Thats where the true value is. Your fingers can only open, and close so many times in your life, so dont waste them with pennies!!! I admire your desire at this young age, dont waste it. Go mow a lawn or something!!!
archon808 5 months ago
@archon808 Yes, but I don't go to my job 24/7. What am I going to do that is still productive during my other hours?
FortNikitaBullion 4 months ago
@FortNikitaBullion Your young, go get a girl pregnant. But seriously, pennies are probably the worst way to spend your time. May I remind you that it is illegal to melt USA pennies. You are wasting your precious young life. Your time is the most valuable thing you own. Dont sell it for pennies.
archon808 4 months ago
@archon808 Again, see my reply above. Sorting pennies doesn't automatically mean I avoid other things; sometimes activities supplement each other; we all need a break from other work, girls, and other things in life, and doing things I like (like sorting pennies) can make the rest of the pie bigger and make other things more achieveable.
FortNikitaBullion 4 months ago
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@FortNikitaBullion If you had a job, you would be making like 5000x any gain you would(if you could) from collecting pennies, so it doesnt matter that the us dollar may loose a microscopic fraction over time. Its all about your time. Thats where the true value is. Your fingers can only open, and close so many times in your life, so dont waste them with pennies!!! I admire your desire at this young age, dont waste it. Go mow a lawn or something!
archon808 5 months ago
@FortNikitaBullion
Take the proceeds from your job which will net you way more an hour than manually classifying pennies, then buy solver or gold with it.
2bornot2b1984 4 months ago
This is stupid. Not only would melting, and seperating the zinc be expensive, nobody is going to melt it for you as it would be illegal in the USA, so add the cost of transporting inexpensive, but heavy metal out of the usa. You may make a 1 cent profit!!!
archon808 5 months ago
you look like a botched abortion
josephoo7 5 months ago
It's really amazing I read in these comments in coin forums from well established people about how its a complete waste of time to sort though these and save the coppers etc and how its too late to buy silver etc and precious metals are in the bubble stage soon and they compare it to the tech bubble... I really don't get it they have faith in the dollar... Is this just a different mindset or something?
michcool1012 5 months ago
copper hoarding is a great idea. i just got 2 boxes of pennies and found $15.14 in copper pennies which is now worth about $40.00
123puzzlesmc 5 months ago
@123puzzlesmc Not bad. I wish I had the time to do this still, not to mention I'm running out of space and moving is becoming quite challenging for me now.
FortNikitaBullion 5 months ago
We run a charity at HumanitarianGuyana dott com and if you are interested in just Pre 1982 95 percent Copper Pennies then go to our website under specific ways to help and order. They are sent in a USPS Flat Rate Box 6 mil plastic or canvas bank bag insured with signature confirmation.
humanitarianguyana 6 months ago
Thank you for sharing!! I really appreciate your video!!
soverythankful 6 months ago
i dont like you cuz you are asian. you ate my cat and 2 dogs. so dislike
therealpuertorican59 6 months ago
fact is friend january 1981 they started adding zinc. only 1980 and older are pure copper - Jackdoitcrawford s' comment is correct
zackrowe1 6 months ago
@zackrowe1 What country are you from? You can tell copper from the sound it makes and I've never seen a zinc 1980 or 1981 penny.
FortNikitaBullion 6 months ago
Wonderful job! You taught me how to effectively empty sealed penny rolls.
MONOPOLY35 7 months ago
i just started my copper penny hoard gonna do it all by hand sorting much more fun,buying 6 25 dollar boxes every 2 weeks...i can honestly see copper @$25 lb by 2015 perhaps $50 in 10 yrs from now...collecting these cents only makes sense to get them b4 there gone 4 good
peacewithmyself 7 months ago
From 1962 to 1982 the pennie was minted as 95% copper and 5% zinc.
tcso52 8 months ago
Interesting video. I am 68 years old and I think they stopped making the copper pennies in 1980, not 1982, but I do forget things. This is the kind of work that you should give a younger kid, whose time isn't worth as much as yours is. :) But I am surprised you got so many coppers in the one roll. I hope you become a copper magnate soon. Another Francisco d'Anconia, maybe.
JackDoitCrawford 10 months ago
does year 82 count because i sorter out 75 dollers of pennies last night and kept the 82s now some vidies on youe tube say that u dont keep them.
justin78justin 1 year ago
@justin78justin half the 82's are copper, half are zinc. you'll need to weigh them to determine their content.
HellsSaints 8 months ago
Comment removed
MONOPOLY35 7 months ago
@MONOPOLY35 You don't need to weigh them at all. Just drop the pennies on a hard surface. The copper pennies make quite a markedly different sound.
FortNikitaBullion 7 months ago
@justin78justin You have to weigh them using a scale that weighs to tenths. 82's that are copper weigh 3.1 grams, 82's that are zinc weigh 2.5 grams.
MrMonermoner 6 months ago
odds are about 10 copper pennys to a roll in my estamate.wheat cents about one in a thousand.Keep hording.
turborewind 1 year ago
Dude, you've convinced me to start hoarding pennies and silver coins and stuff. You are a monetary prophet. Btw, are you Taiwanese?
TeamTrogdor 1 year ago
im into silver bullion but just now got into the copper penny deal. There are good buys on ebay for rolls of copper pennies. Latest i found is 50LBS for 121.00 Shipped. At todays copper prices and melt value thats .2 cents per penny. Today copper at 4.51 feb 9th thats about: $4.51 X 50lbs = $225 NOT BAD!! And thats at todays prices. This to me is a long term investment project as the price will keep going up and or for a scary scenerio where the pennies can help for bartering :|
Great Vid BTW
mezonesxbox 1 year ago
I am addicted now! :) Thanks for the info.
hejira11 1 year ago
Is there a way to automate this?
Begbucks 1 year ago
@Begbucks Yes, there are machines. But I enjoy looking for rare coins, too. Also, I'd hate to buy a machine only to have copper pennies become extinct within a few months, although I have to admit I've been saying this since 2008 and it hasn't happened.
FortNikitaBullion 1 year ago
@FortNikitaBullion Thats true, While I suppose there are advantages to that, but for larger operations such as my requirements that would be paramount as clink goes clink wears the patience thin lol
Begbucks 1 year ago
@FortNikitaBullion it went down currenty i think not sure
DarkTheShinyUmbreon 11 months ago
Thank! I got all plastic wrapped pennies. So THAT sucked! But, I like your vids.
hejira11 1 year ago
!GOOD IDEA!
OscillatorCollective 1 year ago
With some basic technology and fire you could melt them down into bars and sell them legally without questions being asked...
Unbeloved1 1 year ago
@Unbeloved1 Why would I? With copper cents, there is always potential for collectible value, and some downside safety if copper prices should fall again.
FortNikitaBullion 1 year ago
@FortNikitaBullion
Good point...
What do you do with all the 1982+ pennies that are worthless? Just give them back and ask for different rolls?
Unbeloved1 1 year ago
@Unbeloved1 I would take pennies back to a bank different than the ones you get them from. Not only is it rude to constantly swap pennies, you'll be much more likely to get the same coins back. Besides, I find some banks are always trying to get rid of pennies while others need pennies, so as a side effect I can make them happy too.
FortNikitaBullion 1 year ago
@Unbeloved1 use them and buy Nickels.
anyway the 1982+ is going be like Copper soon.
but even Zinc is $2, still get Copper because the Value is way more.
davidlee110 1 year ago
leng???
nahuatlSOUL 1 year ago
Get rich collecting pennies........No I don't think so.
ColdCaseFile 1 year ago
@ColdCaseFile Keep in mind, a lot of people said the same thing in the 1960s with silver.
FortNikitaBullion 1 year ago
@ColdCaseFile First gold was pulled from circulation. Then silver. Copper is the logical next step. Inflation nation, pal.
spencerspot 1 year ago
@spencerspot As an Industrial metal copper performs well in a good economy when it is being used in industry. Key words "good economy." There is no shortage of copper.
ColdCaseFile 1 year ago
@ColdCaseFile Supply and demand are only one aspect. Inflation will drive the hard assets all higher. Nobody can print copper. The choice between paper and copper is an easy one for me. History and government idiocy are my perfect guides.
spencerspot 1 year ago
I thought the rolls of quarters from banks were all newer pennies from mints... Where are you getting your rolls of pennies? Thanks, Spencer
spencerspot 1 year ago
@spencerspot You can get ones wrapped by the Federal Reserve, Brinks, or other customers. I prefer the ones from other customers the most, as they can turn up quite unusual stuff, especially around the holiday season.
FortNikitaBullion 1 year ago
@FortNikitaBullion We just purchased a Ryedale penny sorter. We are now sorting around $300 in pennies each month and pulling around 20% copper out of circulation at this time. Thanks for the advice. Get your copper while it is still available everyone. Hard assets are the way to go!
spencerspot 1 year ago
@spencerspot Not bad. If I'm only going to sort $300 a month, I'd generally prefer to hand-sort however, as I do find rare coins and a few handful of wheat cents. But if you just want a fast way to score a safe investment or hoard a large number of coins, Ryedale is the way to go and will easily pay for itself.
FortNikitaBullion 1 year ago
@FortNikitaBullion I have certain sorting techniques for the Ryedale that allow me to pull out wheats and dimes etc... We have also found 2 Indian Head pennies as well. It's an investment first and treasure hunt second. I'm looking forward to $10/lb copper. $20 is a reasonable target for 5-10 year horizon.
spencerspot 1 year ago
I've actually started doing this a bit, but my main concern about it would be that the price of copper might go down if the supply goes up from all of these foreclosed homes being gutted. Without jobs not as many people will be able to buy homes, and a lot of the foreclosed properties will sit empty so its likely they will be cannibalized for their base components, including copper wires and pipes.
wolfpax22 1 year ago
@wolfpax22 Homes are a rather insignificant demand for copper, on a global scale. It is also rather impossible for homes to sit empty on a long-term basis; demand and supply will have to find new equilibrium such that the homes are occupied.
FortNikitaBullion 1 year ago
@wolfpax22 The key to an increasing copper price won't depend on supply. It will likely be inflation driven.
spencerspot 1 year ago
This has been flagged as spam show
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
ScorpioBornIn69 1 year ago
Go to coinflation website to see the value of the metal content of all coins from pennies to dollars. Copper prices currently at $3.84, the pre1982 cents worth just over two and a half cents each. So, a fifty cent roll of the older copper ones would worth over $1.25. Copper did briefly go over $4 before some selling came mostly from profit taking.
ScorpioBornIn69 1 year ago
@ScorpioBornIn69 This is interesting, because junk silver also started to sell when it was roughly 3x face. This is the threshold at which people tend to start buying.
FortNikitaBullion 1 year ago
@FortNikitaBullion Copper now as of December 22, $4.26 a pound the closing price. A 50 cent roll of pre1982 cents are worth $1.40. Copper is going through the roof. These older pennies are almost 3 cents each.
ScorpioBornIn69 1 year ago
@FortNikitaBullion now its at 21x face value xD
tubby1147 1 year ago
this guy looks like the kid that played the banjo in the movie "Deliverence"
inkey2 1 year ago
ok so after u have a million pennies were do u cash them in at when u wont to collect on your investment ..and how would the verification process go to verify the dates
ally4free1 1 year ago
@ally4free1 I think someday bags of copper cents will trade just like junk silver today: perhaps in boxes of $25 face value. As for verification, once the industry exists there will be ways to efficiently do so, just like junk silver, or even the wheat pennies that trade by the bag today.
FortNikitaBullion 1 year ago
is this some sort of racist anti asian propaganda? asians dont really look like that asshole
drinkmoresoda 1 year ago
Here's another thing to think about in the near future. Zinc prices are rising fairly quickly. I know that zinc pennies aren't worth anything now, but in time, even post-1982 pennies will be worth saving. Perhaps in a year at the most.
vracer88 1 year ago
@vracer88 I think you're right. For zinc pennies, I generally prefer boxes of brand new uncirculated pennies (banks turn up these sometimes). That way I get some numismatic value on top of bullion. One time I got several boxes of uncirculated 2008 pennies.
FortNikitaBullion 1 year ago
Pre 82 copper penny is definitely worth saving. Pretty smart move to collect them in a mass quantity, copper price is going up right now.
BTW, it's quite interesting that you can find some Canadian pennies in a US roll.
mich65ek2 1 year ago
@mich65ek2 Actually I like the Canadian copper cents. You get all the advantages of US copper cents along with the much stronger Canadian dollar. Canadian cents before 1996 were copper, but I think ones before 1979 have even more copper (more than the US cents). I keep these aside.
FortNikitaBullion 1 year ago
@FortNikitaBullion Just checked, a pre 96 Canadian cent contents 98% copper and it was remained 98% before 79. However, I am neither an american nor a canadian, so I can't get my hands on them both . But, I get a lot of Taiwanese 50 cents, made of 97% pure copper, just about the same size and weight as an US penny. Just 1 USD can change into 62 pieces of it, not a pretty bad deal. The last couple of months, I was going bank to bank hard out getting them like a bandid.
mich65ek2 1 year ago
@mich65ek2 Actually my family is from Taiwan and I know exactly what you're talking about! I think this is much better as the metals were never replaced in the coin (although they have stopped minting them and most stores don't use them). You could literally just withdrawal your life savings in those coins.
FortNikitaBullion 1 year ago
@FortNikitaBullion The Taiwanese 50 cents contents 97% pure copper, each weighs exactly 3g, first issued on the 8th of December, 1981. The very next year (1982), Taiwanese gov declared that it's no longer in use, it' was just a stupid bad mistake. The coins are now sitting in the bank vault like a pile of shit, nobody wants it.....I've got 887 pieces of it, cost me USD 14.31- and they are only weigh 2.661kg. Consider this is not a pretty good deal, so I stop getting them anymore.
mich65ek2 1 year ago
you opened it from the rolled end, when you could have opened it from the folded in. easier to reuse the wrapper that way.
smartstuff2buy 1 year ago
@smartstuff2buy Both ends are rolled in a Federal Reserve roll actually.
FortNikitaBullion 1 year ago
My grandmother has four piggy banks full of pennies. Today, I got to look through them. I took home 5 wheat cents (there was a sixth, but I lost it in the piggy bank), 8 Canadian pennies, a 1970-S and 1973-S penny... and about 34 copper pennies. There's thousands of pennies in those piggy banks, and about 40-50% of them are copper.
vracer88 1 year ago
@vracer88 Pretty good. I always try to make friends with bank tellers so they can let me know if an elderly person has turned in a lot of coins. They always turn out good. One time I even got a few rolls of silver coins doing this.
FortNikitaBullion 1 year ago
How much is a copper penney worth? How much is brass worth?
Mr2wings 1 year ago
@Mr2wings Right now, 2.4 cents if you could refine it. But the upside potential is massive. For example, in 1974, a copper cent was worth 1 cent while gold was worth $200. 20,000 copper cents to an ounce of gold. At that ratio, that would be 6 cents today. If you do the same calculations for different times, you will see that from 10,000 to 50,000 copper cents generally buys one ounce of gold. If we expect gold to be undervalued, copper is even more undervalued by a factor of 3 to 10.
FortNikitaBullion 1 year ago
How much is a copper penney worth?
Mr2wings 1 year ago
Wait a sec.....didn't this guy get killed in the Virginia Tech massacre? Hmmm.
rudetuber 1 year ago
@rudetuber What guy?
genesistwoeighteen 1 year ago
are you still finding them at the same rate?
gooseCha 1 year ago
@gooseCha The rate of copper cents you will find will depend on how and where you obtain these coins. In the most ideal case, you make a good friend at the bank who will weigh the boxes and rolls of coins before you obtain them, so you can pick the heaviest batches (I actually do have a good friend at a local bank who will do this for me). Also, credit unions tend to have older customers who bring in older coins, also a good place. Poorer areas in town are also great. Timing is crutial too, as
FortNikitaBullion 1 year ago
I often find interesting coins (sometimes even silver coins) right after the holiday shopping season. But yes, copper coins are becoming noticeably harder to come by over these last 2 years, I would say. I'd say I used to find 1/3 copper coins, now it's starting to approach 1/4 or so, especially in my local area where I've done a good job cleaning out the copper.
FortNikitaBullion 1 year ago
One aspect you forget to mention is finding someone who will buy scrap copper from you at the current spot price.Scrap metal dealers,for obvious reasons,pay well below the spot price.
silver760 1 year ago
@silver760 So? I'm not interested in getting rich today. Hoarding copper is my investment plan, not my day job.
FortNikitaBullion 1 year ago
There are still substantial deposits of copper left in the UK along with mine tailings from the 1800's that can be reworked with more efficient modern methods to recover the metals the old processes left behind which can be substantial,also ore types that were not refinable in the past can be recovered.The copper ore bodies in the UK are massive but mostly lie at considerable depth and pumping the water out made it unprofitable.Now prices are high it could be considered as worth mining.
silver760 1 year ago
@silver760 Exactly. As the deposits of copper become more and more remote, it costs more and more to mine the copper, and thus the price hits higher and higher levels to equalize supply and demand. This is the same for peak oil: oil won't "run out" (at least not in our lifetimes), but the oil left available becomes harder to get over time. At least there are suitable substitutes for oil, but not necessairly so for copper. Right now the developed world (US, Western Europe) live on a bubble of
FortNikitaBullion 1 year ago
@FortNikitaBullion cheap copper produced by developing countries such as China, Chile, and Poland --- check it out, Poland is one of the only EU countries not affected by the global recession, mainly due to copper production. Can you imagine what happens when these countries develop and also become a net user of copper?
FortNikitaBullion 1 year ago
Keep in mind the actual dates for copper are 81 and earlier. The change was made mid 82 so there is no guarantee by date that an 82 is 90% copper or the clad crap
lake1025 1 year ago
@lake1025 Yes. You can hear the difference by dropping the coin on a hard surface.
FortNikitaBullion 1 year ago
@FortNikitaBullion Yes I just didn't want anyone to get confused by it. Some people arent keen on sounds either and may not be able to tell the difference. Another way if you have a gram scale is to weigh them. Copper is heavier than copper coated zinc so a Copper penny weighs at just over 3 grams while a zinc is at 2.5 grams
lake1025 1 year ago
What penny sized coin did you find that was worth $500
social3ngin33rin 1 year ago
@social3ngin33rin It was a 1914-D. One of my luckiest days.
I'd guesstimate I only "pay" for 75% of my copper. The wheat cents and rare coins I find help pay for the rest.
FortNikitaBullion 1 year ago
is the time spent sorting worth the purchasing, transporting, & sorting?
I guess it would make a good hobby or time killer.
social3ngin33rin 1 year ago
@social3ngin33rin With practice, you can go through a $25 box within half an hour. Assuming 1/3 to 1/4 of them are copper, it's not bad. Also don't forget you'll also find a few wheat cents (I can sell these for 5-10 cents each), as well as an occasional rare coin. I've found coins which I sold for $500. Of course you also get a very sound tangible investment, which we all need in this day in age.
FortNikitaBullion 1 year ago
@social3ngin33rin I dont do a whole lot while im at home so time really isnt a thing for me and probably a lot of other people, and you could also recruit someone to help you. My brother is a wheat cent collector so I give him all the ones we find to help me. we get $25 in pennies done pretty fast.
ejunkulator 1 year ago
@ejunkulator Exactly. Everyone's saying it's a "waste of time" you only make a few bucks an hour. Well, if you can work and make $20/hour every waking hour, I see the logic, but that isn't the case for the majority of people. There's nothing wrong with supplementing your day job with sorting coins after work or on the weekends.
FortNikitaBullion 1 year ago
'82 or earlier.. thanks .. good video
2237lemon 1 year ago
you dont have to look at the dates on the pennies because copper pennies make a slight ringing sound when dropped whereas zinc pennies make a dull clacking sound. with practice you can sort them by sound alone. i sort pennies by throwing them at a rubiks cube.
borderlinebuddhist 1 year ago
@borderlinebuddhist Yes you can do that, and in fact when I'm riding shotgun on the road sometimes that's the only way to do it, but I find in practice it's much easier and faster just to look at the date. This trick also comes in handy for 1982 coins, sometimes the color is hard to tell due to wear and corrosion.
FortNikitaBullion 1 year ago
How long would you think it takes you to get, oh say, 200 copper cents (about 1 dollar worth of profit)?
stealthbeast 1 year ago
@stealthbeast A typical $25 face value box might take me an hour to sort (start to finish, including emptying out, sorting, and rerolling), in which I might find 700 copper cents, and maybe 10 wheat cents. At current spot prices, that's about a $7 profit for the copper, and an occasional windfall when I find a rare coin (I sold a coin for $900 once). And of course it's tax-free (at least until you try to sell the copper). And you can choose your own hours.
FortNikitaBullion 1 year ago
oh yeah, open it gently! lol nice vid, thumbs up
StukityFarnsworth 1 year ago
I hope you have changed the battery in your smoke alarm, since you filmed this vid, for your safety, as well as that sound is like nails on a chalkboard!
Nice vid by the way.
Peace
hivedrone83 1 year ago
Check out the ryedale sorter. And also look at E-bay. There is an industrial machine on the market and thousands of pounds of copper pennies for sale.
hailgov 1 year ago
@hailgov I know of Ryedale. As I've mentioned, I have a limited amount of capital to invest, and I enjoy looking for the occasional rare coin, so Ryedale isn't for me. But overall an interesting product.
FortNikitaBullion 1 year ago
By corrode do you mean oxidize? Because if you do, then you're wrong, it does. That's why the statue of liberty is green.
Negativerything 1 year ago
Sorting pennies for copper is a lot of work. Nickles are 75% copper & 25% nickle Junk nickle bags are in our future and a great hyperinflation hedge, being they're closest thing we have to real money today.. You can always sort thru them for war nickles, before you storeing them for the future
rnade 1 year ago
@rnade Yes, but as mentioned a few times, they'll be around for a while. No need to rush out and get the nickels today. The copper penny, on the other hand, is quickly disappearing and it'll probably be game over this year. Besides, I only have a few hundred bucks a month to invest and I don't mind sorting.
FortNikitaBullion 1 year ago
@rnade With cents you have a 100%+ profit right of the bat, whereas nickels are only worth about 20% more than face value. So nickels are indeed easier, but less bang for your buck.
TheBullionBull 1 year ago
@yobohobom I used to do these, but then I realized there's currently no plan to phase them out or change the metal composition. Why tie up my money on coins that will still be here tomorrow while the copper penny is quickly vanishing from circulation?
Besides, the nickel is only worth 5 cents in terms of BOTH copper and nickel. To recover the 5 cents, you would have to isolate both metals and sell them, at a low overhead. That's a very optimistic assumption.
FortNikitaBullion 1 year ago
You're only going to be able to do this for a short while longer... either the banks or some enterprising investor is going to start using a sorting machine based on weight. Even if it takes as long as or longer than manually, set it and forget it...
SaviourSole 2 years ago
I'm surprised copper pennies have stuck around this long. I read somewhere online that there are some 120 billion pennies in circulation. Divide that by 300 million Americans, and there are 400 per person. Of those, perhaps 100 will be copper. That's not a lot by any measure, especially when you also consider how cheap pennies are to buy (relative to the dimes, quarters, and other silver coins of the 1960s, and adjusted for inflation).
I expect to someday see bags of 'junk copper' for sale.
FortNikitaBullion 1 year ago
half of the 82's are zinc and the other half are copper
a quicker way to sort through these is to throw em on a scale and if they weigh 3.1grams they are copper and 2.4 means zinc because you dont need to flip them over to read the dates. This also lets you focus more on wide and close AM's, which yeild the best profit when sorting through US pennies
l0veCityDYL 2 years ago
With some practice, you can also tell copper from the color. Real copper pennies are actually bronze, whereas zinc pennies are coated with pure copper. However, I find this method prone to error too, and generally only use it as a quick heuristic.
FortNikitaBullion 2 years ago
looks like too much work, and change your smoke detector battery!.
streamfisher1 2 years ago
I agree about too much work. If you have $10,000 a month to invest, this is probably not for you. Even with a Ryedale, you'll also have storage and transporting problems. I have $100 to invest, and enjoy looking for rare coins on the side.
FortNikitaBullion 2 years ago
What are you heading for a PhD in?
blackesteyes13 2 years ago
I'm in computer science, which probably explains why I have money to invest, as I don't spend a lot drinking, socializing, etc. Heck, I don't even like to eat out.
FortNikitaBullion 2 years ago
You're not missing anything, believe me! This will pay off far better in the long run.
blackesteyes13 1 year ago
Andy, Have you looked into hoarding nickels?
50plussilver 2 years ago
I have, but as there are no plans to phase out or to debase the nickel, why would I do so today when I can buy the nickels cheaper with tomorrow's dollars? Also, there are higher refining costs, as nickels contain both copper and nickel. I do like the 99% nickel Canadian nickels, however, which I find occasionally in the US, as well as other pure nickel coins.
FortNikitaBullion 2 years ago
what a smart kid your dad must be proud. great videos. you opened my eyes. thanks.
sw640 2 years ago
I apologize for not posting more videos everyone. I've been very busy with PhD research. However, I want to thank everyone who has helped make this concept viral. The more people we get honest money (copper, silver, gold) onto, the more prosperity we bring to society as a whole. Please spread the word!
FortNikitaBullion 2 years ago
good video, i have a job at a register so i sort about 8 rolls a day and just buy em at face value with quarters. i dont have of the paper rolls so what do you suggest for storing them?
pkimrey 2 years ago
If things go the way I think they will, I suspect years down the road we may see dealers sell bags of "junk copper", maybe $50 face, $100 face, or something of the like. Also, another figure you might want to know is that every 154 copper cents make one pound of pure copper (they weigh slightly more than a pound, but are 95% copper, giving the pound of pure copper). They could thus be also sold in units of 154.
FortNikitaBullion 2 years ago
if you use a magnet to separate pure copper cents from plated ones, you'll be able to do it a lot faster and with a lot less mistakes
marcchabotyt 2 years ago
Please explain in detail, the copper is not attracted by a manet.
Ryedale 2 years ago
@marcchabotyt - Not really, I'm not trying to dismiss your claim but I just tried the magnet test. Out of 12 pennies all 2006-2009 only 2 were magnetic. This is Canadian crap pennies I'm speaking of though. lol
D33Lux 2 years ago
Although the cents aren't magnetic, I believe some mechanical coin sorters use a magnet. The misconception is that they attract coins. What happens is that different metals (copper and zinc), respond differently when MOVING within a magnetic field. The field creates eddy currents (wiki it), which deflect the trojectory of the coin. The coins can then be separated by this discrepency.
FortNikitaBullion 2 years ago