wow where do you live can I come over and see them I will be the one with the mask and 9mm... :-) mite want to be a little carefull about what we show to the world
@toastman444 The law will change once copper cents become a small percentage of the pennies in circulation. I see the law as a good thing. The only reason that most people don't save copper cents is that they can't melt them without breaking the law. That leaves people like me more to hoard.
@1992kriss Take a look at Ebay. There are plenty of listings for copper cents and they are selling for over double face value. Why worry about melting them? Take a look at 90% & 40% silver coins. Most people who buy these only want them for their metal value. The same will be true for copper cents. Copper is treated today the way that silver was 50 years ago. One day, copper cents will be sold just like junk silver coins are today. I'm in it for the long term.
@1992kriss For a few years after 1964, it was illegal to melt silver coins. Once the coins became rare to find in circulation, the law was changed and it is now legal to melt them. The same will happen to copper cents. I don't plan on melting them though. Look at the market for junk silver coins today. People who buy these have no intention of melting them even though they can.
@terminal99 lolll not because on ebay you got a dude selling stuff it mean they sell it ..did you know they have sold canadian snow on ebay or a ghost in a bottle like you say its on ebay ..
My advise would be, to try to find someone who will give you melt value or close to it; then use that money to invest in Silver. If you would have done that 2 days after you had posted this video, you would have purchased silver at $28.69 an oz. And today it's at a 3 month low of $34.09 an oz... where Copper has lost value since the day you posted, and today it's worth only $3.7436/lb. as apposed to the
@dandavis2002 It's easy with the benefit of looking back to say what should have been done.The beauty of saving copper cents is that you're getting them at a discount to their metal value. Right now a copper cent is worth 2.5 cents in metal. It's an investment without risk. The value will never drop under face value. I'm not worried about the short term. I'm convinced that in the long run copper will outperform silver and gold. My hoard will grow until then.
@tullyman82 At this moment you cannot melt them but there is still money to be made off of copper cents without melting them. For a time, it was against the law to melt pre '64 silver coins but that law changed once junk silver became a rare thing to find in circulation. The same will happen to copper cents. Everyday the amount in circulation slowly decreases. I'm doing my part :).
@le9it9amer To get $100 in copper cents, you will need to go thru about $400 in pennies. That's 16 - $25 boxes. If you sort a box a week, you should hit that mark with room to spare by September.
@rima49 Dealers will use machines to sort the copper cents. I have a Ryedale which runs at 300 coins / min. An industrial machine could probably be made to run even faster. There is no need to melt in order to make money on them. Look at the market for junk silver coins. People buy these based on their metal value with no intention of melting them. The same will be true for copper cents. I'll buy silver but show me where I can get $25 of silver for $10 - the discount for copper cents firght now.
@drac060 The value of copper cents is tied to the current price of copper. Right now, a sopper cent is worth 2.5 cents in metal. There's a shortage of copper mainly because of China. I believe the price will rise and one day a copper cent will be worth as much as 10 times face value.
ok so maybe instead of melting them down just bundle them under the wire $1.50 = 1 lb and i get $3.50 a lb on # 1 copper ! so i can add two lb's of any copper pennies and collect an extra profit of $4 ! I do this all the time because scales are off in small non ferrous warehouse ! Outside heavy iron scale is off also as much as 10 lbs and at 13 cents per lb thats $1.30 i lose and add that up when 1000 vehicles come in per day yaqrd saves $1300 a day !
This is why pennies are useless. they spend their whole lives in jars. over 4 million pennies are produced in us each year, and each one costing 1.8 cents to make. What a waste. I mean, who the hell uses more than just a few pennies to pay for something? a person that wants to piss everybody off in the line off as well as the cashier for having to count them. I I think the production of pennies should stop, as it has in many other countries
@CMYProductions You are right. I would like to see the Nickel done away with also. People could still pay the exact amount with an electronic payment or if they paid with cash, they could just round to the nearest 10th. I don't see this happening soon though. The USA is very traditional on some things.
@terminal99 yea it would be great if we could have our money electronicly like a credit card etc but alot of people dont trust the thought of "machines" or "robots" controlling our money, i think they watched to much terminator or something
So say one day the us gov says we can melt these coins down and sell the copper, wouldnt you have to file each penny to the core to get the zinc out before melting them down? Or is it something like you sell the copper pennies hole to a place that would melt them down?
@beermilitia The pre '82 cents are 95% copper. Dealers will use machines to sort the copper cents from the zinc. I have one that runs at 300 coins/ min. It's not necessary to melt them in order to make money though. Copper cents are selling right now on Ebay at double face value.
copper scrap valou is 6 dollars per kilo depending on where you take it or 4.0.pounds in the uk this dude done it with 2penny coin took it two France in his car and the srap yard bought it and he turned 40euros into 67euro
Unfortunately it is illegal to turn this into a scrap metal place. You'd have to melt down the pennies ur self. If you want copper try getting the rights to clean out an old neighborhood that is set for demo or something. Lots of copper pipes and wires.
@bnewton81 There is no need to ever melt down copper cents in order to make money off of them. Gettting a box of pennies from a bank and sorting them is easier and safer than tearing a house apart.
@terminal99 It doesn't matter if 1 pre 1982 penny is worth 2.5 cents. The point is very few people want it. If you don't believe me look up copper pennies in ebay, no one is buying it.
What a waste of space, lol. You would get some clerks really pissed off if you tried to pay them in pennies, lol. Invest in stuff that has high value and low mass, like platinum, palladium, and gold. You want a little of value in a small package. It ain't good to have little value in big packages, lol.
@Ace1000ks1975 Why be so narrow minded when it comes to investments? Every cent I get is immediately worth 2.5 times face value. Where can you find gold or platinum at such a discount? It's not always best to follow the pack when investing.
@terminal99 I am not narrow minded in my choices of investments. I am not going to buy $500,000 in copper when I can buy $500,000 of gold or platinum which will fit in a medium sized box(285 ounces) vs. 2,173,913 ounces will take up the space of a few rooms. It all depends on how much money you have to invest with. If your a poor person, copper may be better to hold than platinum or gold.
@terminal99 People with money would not invest in copper bullion or pennies, they would invest in the electronic traded commodity, like ETFs. People with money do buy actual gold bullion.
@terminal99 Also, who is going to buy your copper pennies? There is almost no market for it. Not many bullion dealers are going to buy those pennies. However, bullion and coin dealers will buy silver, gold, platinum, and palladium bullion bars and coins. It will cost more money to ship those pennies than what you will get out of it, lol.
@Ace1000ks1975 There is a market for copper cents right now on Ebay and some coin dealers will pay more than face value for them. You should do a little research before opening your mouth and sticking your foot in it. 2012 will be the third straight year that the supply of copper will not meet demand and 2013 is shaping up to be another shortage. Ever hear of the law of supply and demand? China is soaking up 40% of all the copper right now and it's economy is growing by over 8% year over year.
by melting down and purifying, there's no way a junk yard or the government can find out it's from pennies. so it's easily done without worrying about the law. unless you're stupid enough to tell anyone about it.
Wouldn't you rather carry around a hald ounce of gold than 375 pounds of copper?? What is the benefit of copper? I mean, its heavily tied to commodities, so when those take a dive, wouldn't copper follow?
@Stillwater900 You're comparing apples to oranges. Copper is a commodity and gold is a precious metal. There's nothing wrong with having gold. In my opinion, there's more profit to be made with copper though. A copper cent is worth 2.5 times the face value. You'll be hard pressed to find gold at such a discount. In addition to the immediate value gain, I see copper on the rise long term. I just made a video last week covering my reasons to invest in copper - check it out.
@tk16700 yes, that is correct. It does not mean that you'll get the full $2.48 for a 100 though. On Ebay, copper cents are bringing about double face value.
FYI it is not illegal to melt pennies. It would be illegal to make a penny look like a dime but the law does not deny you the right to deface, melt or otherwise destroy currency.
The United States Codes under Title 18, Chapter 17, and Section 331, "prohibits the mutilation, diminution and falsification of United States coinage." However, this statute does not prohibit the mutiliation of coins if done without fraudulent intent or use.
@terminal99 yes that is what I refer to. That states it is illegal to fraudulently alter,... so you may not do anything to the coin to trick someone into thinking it is a misprint, a different coin or falsify it in any way. It also mentions "by law made current". Being that they replaced the copper penny with the zinc penny I think it is safe to say a copper penny is in no way current. The last dated decades ago. No law against making copper ingots so no fraudulent use that I can see. Melt away.
@AsylumET In April of 2007, the U.S. Treasury implemented a ban on melting 1-cent and 5-cent coins. According to a statement at the time by US Mint Director Moy, “The new rule safeguards the integrity of U.S. coinage and protects taxpayers from bearing the costs to replace coins withdrawn from circulation.” Violating the ban can lead up to a $10,000 fine and 5 years in prison. It's all about criminal intent. If you destroy copper cents to make a profit off the metal, that's criminal.
@terminal99 Instead of worrying what this gentleman is doing, why don't you worry about what your government that is in cohorts with the Federal Reserve is doing. If the Federal Reserve as Federal as Federal Express wasn't busy running its counterfeiting operation then we would not have to resort to contemplating if we should or allowed to melt down OUR pennies.
@msungs My post is not about US monetary policy. It's about saving copper cents. There is a lot of misinformation about this topic. When someone leaves a post that I can prove is wrong, I am going to speak up. A lie left unchallenged becomes the truth.
tell ya what folks whether it's 95% copper or not 800 degrees is melting point of copper so when you want triple your money melt them all down warp them with #1 copper wire and take them recyclye yard and get paid up to $4 a lb ! I do this all the time all them damn pennies every month i have flowing through my house gets melted and cashed in at $3.50 a lb now ! In case you need to know how many $ of pennies make 1 lb it's $1.50 so you gain $2 or more per lb ! DONT worry about legality !
@MrBookiekiller Something is not right here. The melting point of copper is 1981 degrees Fahrenheit. This is NOT easily reached by anyone without some serious equipment. Zinc (as in post '82 cents) will melt at 787 degrees. This can easily be done at home, but it's ZINC.
@AsylumET Think about it. If you're melting a penny with a torch, it's a post 1982 zinc cent - not a pre'82 copper cent. If copper melted easily with a torch, plumbers would have a very difficult job joining copper pipes together. Like I said before, copper melts at almost 2000 degrees. Think of the cost alone just to reach this temperature.
@terminal99 are you aware of the temperatures propane can produce? In excess of 3500 degrees with the addition of air. I would not say specialized equipment at all. I have used propane to melt silver/gold both of which have lower melt points but not by far. I should give a penny a try just to show it but then I guess that may be illegal.
@AsylumET A common propane torch, under perfect conditions will have a max temp near 2000 degrees. A more specialized torch that adds oxygen to the propane will give you a higher temp. We're getting a little off the topic of the original post. That person was talking about easily melting copper cents to sell to a scrap yard. In my opinion it is not easily done and not worth it when you figure in the extra cost. Once again, copper is not easily melted.
@terminal99 smelt.... n u got a grip of pennies.. n im sure uve made ur penny books of them already... thatd b nice to hav all that in silver coins.. then ude hav a lot of money..!
you should go through those pennies and see if u have a 1969 s penny that is double stamped , it is wourth $10,000 , there is only about 40 left that havent been found
lawls, i once saved 28$ in pennies, then another 15$. i cashed them in tho at a coin star along tme ago, but im starting it up and only have alittle less than 5$. Im not doing it for investment tho, i just like collecting them into crazy amounts.
@terminal99 did you make sure thay are all copper the best year to true on the year of the pennys is 81 and lower 82 you get a mix of zinc and copper of diffreant pennys and scrach the pennys on sand paper or a flat rock thats how you true them by 83 i belive its just a zinc base thats copper cooted
@stingray300m yes, they are all 95% copper cents. '82 is the year that the mint changed over from 95% copper to 97.5 % zinc. Most of these were machine sorted by a Ryedale sorter. I check the 1982 coins that I sort by hand by weight. A copper cent will weigh 3.1 grams while a zinc is 2.5 grams.
that is stupid, take it all to an advisors & hav them invest it u in low risk bonds.
they will take 5% of the profit you make in interest
e.g. if you invest in oil company or microsoft u know the recession isnt going to destroy them, it will reduce their share price but it will go up after recession
while shares r cheap $100 will buy u more shares. in 10-15 years ur money will more than double without adding to it
dont invest using a bank or you will get a shitty 5% rate and earn nothing
@59Love1 don't do that!! unless they are newer copper-plated ones. the older ones are worth their copper!! just like the u.s. ones. except apparently canada stopped copper much later than the u.s. did! and apparently they're thinner and so it takes more coins to equal a pound (i'm getting this information from the maker of the video). but it's still a good idea nonetheless!! i'd say you guys are lucky to have more in circ. :D
Hey great video haha i also found it funny because my nickname is copper say would you know the weight and the copper value of a Canadian penny i have lots of those
@CentsTwo In Canada, cents were made with copper through 1996, so the same opportunity is also available. In general it takes more copper coins in Canada to equal one pound due to the light weight coins from 1982 to 1992 (the 12 sided coin). Canadian copper pennies have a higher copper content at 98%, the balance being zinc and tin.
@CentsTwo 2.9545 grams of copper. Each US pre 1982 penny weighs 3.11 grams. It contains 95% copper. So .95 X 3.11 = 2.9545 grams of copper in each penny. There are 453.59237 grams in 1 pound. So 453.59237 / 2.9545 = 153.526 pennies for 1 pound of copper. Basically 154 pre 1982 pennies = 1 pound of copper.
@milty456 yes that is true - however a copper cent is currently worth 2.5 times face value while a nickel is only worth 5.7 cents in metal. It's better to save copper cents even though there is sorting involved with it.
@dreadnok320 Thanks - all US cents made before 1982 are 95% copper. During '82 the mint started making copper plated zinc cents. A copper cent weighs 3.1 grams while a zinc is 2.5 grams. Save the copper and you'll be in good shape.
i think i use the same jars as you do. I have three or four of those jars full of copper pennies both Canadian and American (mostly canadian because I live in Canada) and I even have a full 15lb jar filled with zinc pennies because it won't be long before people do the same with zinc as it currently is aprx half the value and sells for a lot more on the open market.
@moviematcanada In Canada, cents were made with copper through 1996, so the same opportunity is also available. In general it takes more copper coins in Canada to equal one pound due to the light weight coins from 1982 to 1992 (the 12 sided coin). Canadian copper pennies have a higher copper content at 98%, the balance being zinc and tin.
@Blizeful I do save nickels - just not that much. A nickel is worth, at the moment, 5.7 cents melt while a copper cent is worth 2.5 cents. Of course the drawback to saving copper cents is the sorting. There is none at the moment for nickels. Even so, I like the return I get saving copper cents over nickels. If the time comes when the Mint changes the composition of the nickel, I'll speed up my saving of them before it happens.
I wonder if there are any rare penny's there,a single penny has sold for over a million dollars, you should hand sort them could have a 1969 double die worth thousands,there are many valuable penny's hate to see you lose out on big money.
@MegaRome777 What I do with my pennies is I have a seperate jar for pennies in mint condition or ones that are too damn old (Pre 1939ish} for they have higher value for I can trade a few with numismatic value.
That takes up a lot of space and is a lot of time and energy with very little return over a long period of time. I mean there's a lot of copper out there and you have like $10 worth of pennies until that copper becomes rare enough for them to be worth more in scrap...You would indeed be better off buying silver with it.
@ColonelAllan If I could buy $25.50 in silver for $10 then I would buy all the silver I could. Right now I'll stick to getting copper cents worth 2.55 cents at face value. Takes up too much space? Only if you live in a shoebox. Time spent sorting? A Ryedale sorts at 300 coins a minute.
@terminal99 Who exactly is going to pay you $25.50 for $10.00 in pennies? Who is going to extract the copper from them anyway? By what process/cost? I'm sure they are minted this way so any idiot can't sell them as scrap.
By time/energy I meant checking the year on all your pennies and messing around putting them into jars and stacking them into a few feet of space in your house. It's a decent way to save money for a teenager. I'll give you that.
@ColonelAllan Take a look at Ebay. There are plenty of listings for copper cents and they are selling for over double face value. Why worry about melting them? Take a look at 90% & 40% silver coins. Do most people who buy these worry about melting them down? Do a Youtube search for Ryedale sorter and see how quick it is. As for taking up space, you can keep a lot of copper in a small space.
@terminal99 Pardon me. I was assuming you were intending to sell the pennies at scrap copper value.. If you can get a good price for them then more power to you my friend. I never pass on the opportunity to collect copper elbow joints and pipe cutoffs + wire myself so I guess I have scrap on the brain. :D
@tullyman82 If I could buy $25.50 in silver for $10 then I would buy all the silver I could. Right now I'll stick to getting copper cents worth 2.55 cents at face value.
@ebayisajoke Right now, it is against the law to melt US cents down. I think this will change, but even if it does, I will not be melting these. They have value just the way they are.
@TheWebMasterKid Right now, a copper cent is worth 2.55 cents while a nickel is worth 5.89 cents. I prefer the penny because it's worth 2.5 times face value right away. The best thing about the nickel is that there is no sorting involved.
Holy shit. I've been collecting pre-1982 pennies and I only have a small bag full. That's been for over a year now. What did you do? Go to a bank with a 100 dollar bill and ask them for pennies?
@garybell101 hi your right about paper money being worthless but you can spend it right away. maybe i should dig it up next week and exchange it at we buy your gold.
Dude, have you gone thru them looking for Errors, die varieties and Doubled Dies. You could have a single coin in there worth more than one of those jars. Did you know a 1984 cent with a double ear is worth more than your entire "hoard"
The only reason copper and other metals are going up in the us is because the us dollar is going down. So i guess they are worth something in the us, but due to inflation i dont think they will get you a whole lot of things in the long run. Anyways you have gotten me started at collecting pre 82 pennies.
@MrKyleOwns Unlike gold and silver, the price of copper is more dependent on manufacturing since so much of it is used in the process. Good going on your copper saving!
@quaxk hey dick head those metals are on a world wide market and if the us dollar goes down guess what? The price for those metals go up because they have nothing to do with a national economy.
Hopefully all of these have been looked through for the rare double strikes, war coins, etc., prior to being put into the containers. Some of those with higher zinc content are still desirable due to double striking. Many reasons to keep coins, not just for copper content. :)
wow where do you live can I come over and see them I will be the one with the mask and 9mm... :-) mite want to be a little carefull about what we show to the world
srice4u 12 hours ago
Golden rule. Tell the government as little as possible and do as you wish with no proof.
GrumpSkull 1 day ago
Melt them and don't tell anyone, it's a stupid law
toastman444 2 days ago
@toastman444 The law will change once copper cents become a small percentage of the pennies in circulation. I see the law as a good thing. The only reason that most people don't save copper cents is that they can't melt them without breaking the law. That leaves people like me more to hoard.
terminal99 2 days ago
@toastman444 People would, one little problem....copper melts at 2100F
steamingpoopfart 1 day ago
@steamingpoopfart Well go in your spaceship and put it near the sun
toastman444 1 day ago
Isnt it illigal to melt coins? Like stealing and selling street signs!
1992kriss 4 days ago
@1992kriss Right now, it is illegal to melt cents and Nickels. There is no need to melt them in order to profit from them though.
terminal99 3 days ago
@terminal99 So, how will you profit?
1992kriss 3 days ago
@1992kriss Take a look at Ebay. There are plenty of listings for copper cents and they are selling for over double face value. Why worry about melting them? Take a look at 90% & 40% silver coins. Most people who buy these only want them for their metal value. The same will be true for copper cents. Copper is treated today the way that silver was 50 years ago. One day, copper cents will be sold just like junk silver coins are today. I'm in it for the long term.
terminal99 3 days ago
@terminal99 Well ye but in the end to do something with it they need to smelt it which is illigal! =p
1992kriss 3 days ago
@1992kriss For a few years after 1964, it was illegal to melt silver coins. Once the coins became rare to find in circulation, the law was changed and it is now legal to melt them. The same will happen to copper cents. I don't plan on melting them though. Look at the market for junk silver coins today. People who buy these have no intention of melting them even though they can.
terminal99 3 days ago
@terminal99 lolll not because on ebay you got a dude selling stuff it mean they sell it ..did you know they have sold canadian snow on ebay or a ghost in a bottle like you say its on ebay ..
GHOSTTOYS 2 days ago
@GHOSTTOYS It's a simple matter to check completed listings on Ebay and see plenty of auctions that received bids.
terminal99 2 days ago
My advise would be, to try to find someone who will give you melt value or close to it; then use that money to invest in Silver. If you would have done that 2 days after you had posted this video, you would have purchased silver at $28.69 an oz. And today it's at a 3 month low of $34.09 an oz... where Copper has lost value since the day you posted, and today it's worth only $3.7436/lb. as apposed to the
dandavis2002 4 days ago
@dandavis2002 It's easy with the benefit of looking back to say what should have been done.The beauty of saving copper cents is that you're getting them at a discount to their metal value. Right now a copper cent is worth 2.5 cents in metal. It's an investment without risk. The value will never drop under face value. I'm not worried about the short term. I'm convinced that in the long run copper will outperform silver and gold. My hoard will grow until then.
terminal99 4 days ago
They are NOT a copper anymore .
diamencik1 4 days ago
@diamencik1 You're right - which is why I save only the pre '82 copper cents.
terminal99 4 days ago
@terminal99 82 or older
usmctate 3 days ago
@usmctate 1982 is the transition year. The mint started making cents out of copper that year then switched to zinc. About 75% of '82's are copper.
terminal99 3 days ago
I always try and imagine how much money is just laying around the states from pennies thrown out of car windows and on sidewalks ETC. Millions easily
okiedouk 5 days ago
@okiedouk I'm sure there is a lot laying around!
terminal99 5 days ago
cool collection, im saving now too
yugofaith123 5 days ago
@yugofaith123 Good going!
terminal99 5 days ago
Yeah but you can't melt them though.......
tullyman82 6 days ago
@tullyman82 At this moment you cannot melt them but there is still money to be made off of copper cents without melting them. For a time, it was against the law to melt pre '64 silver coins but that law changed once junk silver became a rare thing to find in circulation. The same will happen to copper cents. Everyday the amount in circulation slowly decreases. I'm doing my part :).
terminal99 6 days ago
My goal is to get one hundred dollars by September won't that be a nice little bithday teat to my self
le9it9amer 1 week ago
@le9it9amer To get $100 in copper cents, you will need to go thru about $400 in pennies. That's 16 - $25 boxes. If you sort a box a week, you should hit that mark with room to spare by September.
terminal99 1 week ago
I dont think the scrap buyers are going to look at every cent you have to verify it by date..Yourf best bet is silver coins
rima49 1 week ago
@rima49 Dealers will use machines to sort the copper cents. I have a Ryedale which runs at 300 coins / min. An industrial machine could probably be made to run even faster. There is no need to melt in order to make money on them. Look at the market for junk silver coins. People buy these based on their metal value with no intention of melting them. The same will be true for copper cents. I'll buy silver but show me where I can get $25 of silver for $10 - the discount for copper cents firght now.
terminal99 1 week ago
What do you think your pennies will be worth on ebay when the Federal Government stops making them?
drac060 1 week ago
@drac060 The value of copper cents is tied to the current price of copper. Right now, a sopper cent is worth 2.5 cents in metal. There's a shortage of copper mainly because of China. I believe the price will rise and one day a copper cent will be worth as much as 10 times face value.
terminal99 1 week ago
where the hell did you get all them
jazzy4me4eva 1 week ago
@jazzy4me4eva I got them from the bank and sorted them with a Ryedale Sorter.
terminal99 1 week ago
ok so maybe instead of melting them down just bundle them under the wire $1.50 = 1 lb and i get $3.50 a lb on # 1 copper ! so i can add two lb's of any copper pennies and collect an extra profit of $4 ! I do this all the time because scales are off in small non ferrous warehouse ! Outside heavy iron scale is off also as much as 10 lbs and at 13 cents per lb thats $1.30 i lose and add that up when 1000 vehicles come in per day yaqrd saves $1300 a day !
MrBookiekiller 2 weeks ago
This is why pennies are useless. they spend their whole lives in jars. over 4 million pennies are produced in us each year, and each one costing 1.8 cents to make. What a waste. I mean, who the hell uses more than just a few pennies to pay for something? a person that wants to piss everybody off in the line off as well as the cashier for having to count them. I I think the production of pennies should stop, as it has in many other countries
CMYProductions 2 weeks ago 2
@CMYProductions You are right. I would like to see the Nickel done away with also. People could still pay the exact amount with an electronic payment or if they paid with cash, they could just round to the nearest 10th. I don't see this happening soon though. The USA is very traditional on some things.
terminal99 1 week ago
@terminal99 yea it would be great if we could have our money electronicly like a credit card etc but alot of people dont trust the thought of "machines" or "robots" controlling our money, i think they watched to much terminator or something
a5kylar 5 days ago
So say one day the us gov says we can melt these coins down and sell the copper, wouldnt you have to file each penny to the core to get the zinc out before melting them down? Or is it something like you sell the copper pennies hole to a place that would melt them down?
beermilitia 2 weeks ago
@beermilitia The pre '82 cents are 95% copper. Dealers will use machines to sort the copper cents from the zinc. I have one that runs at 300 coins/ min. It's not necessary to melt them in order to make money though. Copper cents are selling right now on Ebay at double face value.
terminal99 1 week ago
Comment removed
beermilitia 2 weeks ago
copper scrap valou is 6 dollars per kilo depending on where you take it or 4.0.pounds in the uk this dude done it with 2penny coin took it two France in his car and the srap yard bought it and he turned 40euros into 67euro
LOGANUVA 2 weeks ago
You do realize that since the 80's pennies have been 97% zinc which is copper coated. Their metallurgical value is less that face value.
1022JB 2 weeks ago
copper
jellyboy123 2 weeks ago
Unfortunately it is illegal to turn this into a scrap metal place. You'd have to melt down the pennies ur self. If you want copper try getting the rights to clean out an old neighborhood that is set for demo or something. Lots of copper pipes and wires.
bnewton81 2 weeks ago
@bnewton81 There is no need to ever melt down copper cents in order to make money off of them. Gettting a box of pennies from a bank and sorting them is easier and safer than tearing a house apart.
terminal99 2 weeks ago
@terminal99 It doesn't matter if 1 pre 1982 penny is worth 2.5 cents. The point is very few people want it. If you don't believe me look up copper pennies in ebay, no one is buying it.
Ace1000ks1975 2 weeks ago
@Ace1000ks1975 I see a bunch of completed listings on Ebay. Copper cents are bringing around double face value.
terminal99 2 weeks ago
What a waste of space, lol. You would get some clerks really pissed off if you tried to pay them in pennies, lol. Invest in stuff that has high value and low mass, like platinum, palladium, and gold. You want a little of value in a small package. It ain't good to have little value in big packages, lol.
Ace1000ks1975 2 weeks ago
@Ace1000ks1975 Why be so narrow minded when it comes to investments? Every cent I get is immediately worth 2.5 times face value. Where can you find gold or platinum at such a discount? It's not always best to follow the pack when investing.
terminal99 2 weeks ago
@terminal99 I am not narrow minded in my choices of investments. I am not going to buy $500,000 in copper when I can buy $500,000 of gold or platinum which will fit in a medium sized box(285 ounces) vs. 2,173,913 ounces will take up the space of a few rooms. It all depends on how much money you have to invest with. If your a poor person, copper may be better to hold than platinum or gold.
Ace1000ks1975 2 weeks ago
@Ace1000ks1975 Someone with that much money would know about ETFs (Exchange Traded Funds) and would know that there are copper ETFs available.
terminal99 2 weeks ago
@terminal99 People with money would not invest in copper bullion or pennies, they would invest in the electronic traded commodity, like ETFs. People with money do buy actual gold bullion.
Ace1000ks1975 2 weeks ago
@Ace1000ks1975 Why repeat what I just said?
terminal99 2 weeks ago
@terminal99 Also, who is going to buy your copper pennies? There is almost no market for it. Not many bullion dealers are going to buy those pennies. However, bullion and coin dealers will buy silver, gold, platinum, and palladium bullion bars and coins. It will cost more money to ship those pennies than what you will get out of it, lol.
Ace1000ks1975 2 weeks ago
@Ace1000ks1975 There is a market for copper cents right now on Ebay and some coin dealers will pay more than face value for them. You should do a little research before opening your mouth and sticking your foot in it. 2012 will be the third straight year that the supply of copper will not meet demand and 2013 is shaping up to be another shortage. Ever hear of the law of supply and demand? China is soaking up 40% of all the copper right now and it's economy is growing by over 8% year over year.
terminal99 2 weeks ago
@Ace1000ks1975 Waste Not, Want Not. Everything counts.
Kashmir2000is 2 weeks ago
i prefare Cat's from exhausts, customers dont want them, sell 50-60 of them for 70 a piece....
u mad china ?? ( they are falling head over heel for these high demand metals )
Crazybenjiwoo 2 weeks ago
@Crazybenjiwoo Good going on the cats. I'm not mad at China.
terminal99 2 weeks ago
So I should take a 20 dollar bill to the bank and ask for $20 worth of pennies once a week and I'll make money?
BRAVOADD 2 weeks ago
@BRAVOADD Sort thru them and pull out the coper cents. In the long term, I think you'll be happy that you did.
terminal99 2 weeks ago
How have you accumulated all these copper cents
mitch1221evans 2 weeks ago
@mitch1221evans A Ryedale Sorter. There's a few videos showing how they work.
terminal99 2 weeks ago
ill buy them if you take them mexico thele buy them at a scrapyard or melt them yourself
LOGANUVA 2 weeks ago
@LOGANUVA It's illegal to take pennies or nickels over a certain amount outside the USA. I forget what the exact dollar amount is (Ithink it's $50).
terminal99 2 weeks ago
by melting down and purifying, there's no way a junk yard or the government can find out it's from pennies. so it's easily done without worrying about the law. unless you're stupid enough to tell anyone about it.
flamedrag18 2 weeks ago
Wouldn't you rather carry around a hald ounce of gold than 375 pounds of copper?? What is the benefit of copper? I mean, its heavily tied to commodities, so when those take a dive, wouldn't copper follow?
Stillwater900 2 weeks ago
@Stillwater900 You're comparing apples to oranges. Copper is a commodity and gold is a precious metal. There's nothing wrong with having gold. In my opinion, there's more profit to be made with copper though. A copper cent is worth 2.5 times the face value. You'll be hard pressed to find gold at such a discount. In addition to the immediate value gain, I see copper on the rise long term. I just made a video last week covering my reasons to invest in copper - check it out.
terminal99 2 weeks ago
so is this correct..100 pre 1982 pennies is about equal to 2.48 dollars right now?
tk16700 3 weeks ago
@tk16700 yes, that is correct. It does not mean that you'll get the full $2.48 for a 100 though. On Ebay, copper cents are bringing about double face value.
terminal99 3 weeks ago
FYI it is not illegal to melt pennies. It would be illegal to make a penny look like a dime but the law does not deny you the right to deface, melt or otherwise destroy currency.
AsylumET 3 weeks ago
@AsylumET
The United States Codes under Title 18, Chapter 17, and Section 331, "prohibits the mutilation, diminution and falsification of United States coinage." However, this statute does not prohibit the mutiliation of coins if done without fraudulent intent or use.
terminal99 3 weeks ago
@terminal99 yes that is what I refer to. That states it is illegal to fraudulently alter,... so you may not do anything to the coin to trick someone into thinking it is a misprint, a different coin or falsify it in any way. It also mentions "by law made current". Being that they replaced the copper penny with the zinc penny I think it is safe to say a copper penny is in no way current. The last dated decades ago. No law against making copper ingots so no fraudulent use that I can see. Melt away.
AsylumET 3 weeks ago
@AsylumET In April of 2007, the U.S. Treasury implemented a ban on melting 1-cent and 5-cent coins. According to a statement at the time by US Mint Director Moy, “The new rule safeguards the integrity of U.S. coinage and protects taxpayers from bearing the costs to replace coins withdrawn from circulation.” Violating the ban can lead up to a $10,000 fine and 5 years in prison. It's all about criminal intent. If you destroy copper cents to make a profit off the metal, that's criminal.
terminal99 3 weeks ago
@terminal99 Instead of worrying what this gentleman is doing, why don't you worry about what your government that is in cohorts with the Federal Reserve is doing. If the Federal Reserve as Federal as Federal Express wasn't busy running its counterfeiting operation then we would not have to resort to contemplating if we should or allowed to melt down OUR pennies.
msungs 3 weeks ago
@msungs My post is not about US monetary policy. It's about saving copper cents. There is a lot of misinformation about this topic. When someone leaves a post that I can prove is wrong, I am going to speak up. A lie left unchallenged becomes the truth.
terminal99 3 weeks ago
tell ya what folks whether it's 95% copper or not 800 degrees is melting point of copper so when you want triple your money melt them all down warp them with #1 copper wire and take them recyclye yard and get paid up to $4 a lb ! I do this all the time all them damn pennies every month i have flowing through my house gets melted and cashed in at $3.50 a lb now ! In case you need to know how many $ of pennies make 1 lb it's $1.50 so you gain $2 or more per lb ! DONT worry about legality !
MrBookiekiller 3 weeks ago
@MrBookiekiller Something is not right here. The melting point of copper is 1981 degrees Fahrenheit. This is NOT easily reached by anyone without some serious equipment. Zinc (as in post '82 cents) will melt at 787 degrees. This can easily be done at home, but it's ZINC.
terminal99 3 weeks ago
@terminal99 serious equipment? You can melt a penny with propane.
AsylumET 3 weeks ago
@AsylumET Think about it. If you're melting a penny with a torch, it's a post 1982 zinc cent - not a pre'82 copper cent. If copper melted easily with a torch, plumbers would have a very difficult job joining copper pipes together. Like I said before, copper melts at almost 2000 degrees. Think of the cost alone just to reach this temperature.
terminal99 3 weeks ago
@terminal99 are you aware of the temperatures propane can produce? In excess of 3500 degrees with the addition of air. I would not say specialized equipment at all. I have used propane to melt silver/gold both of which have lower melt points but not by far. I should give a penny a try just to show it but then I guess that may be illegal.
AsylumET 3 weeks ago
@AsylumET A common propane torch, under perfect conditions will have a max temp near 2000 degrees. A more specialized torch that adds oxygen to the propane will give you a higher temp. We're getting a little off the topic of the original post. That person was talking about easily melting copper cents to sell to a scrap yard. In my opinion it is not easily done and not worth it when you figure in the extra cost. Once again, copper is not easily melted.
terminal99 3 weeks ago
@terminal99 you can melt pre 82 copper pennies with an oxy/acetylene torch...
savagenomore 2 weeks ago
@savagenomore yes, and it will cost more to melt it than it's worth.
terminal99 2 weeks ago
@terminal99 smelt.... n u got a grip of pennies.. n im sure uve made ur penny books of them already... thatd b nice to hav all that in silver coins.. then ude hav a lot of money..!
76cutlass87 2 weeks ago
I'm going to do this
111thedarkgod 3 weeks ago
you should go through those pennies and see if u have a 1969 s penny that is double stamped , it is wourth $10,000 , there is only about 40 left that havent been found
TheRussellrobertson 3 weeks ago
lawls, i once saved 28$ in pennies, then another 15$. i cashed them in tho at a coin star along tme ago, but im starting it up and only have alittle less than 5$. Im not doing it for investment tho, i just like collecting them into crazy amounts.
JessicaAsskick 4 weeks ago
I retract my last post it's late, I'm tired, and i apologize for my ignorance
priceroonie 1 month ago
@priceroonie I've made the same mistake.
terminal99 4 weeks ago
@terminal99 did you make sure thay are all copper the best year to true on the year of the pennys is 81 and lower 82 you get a mix of zinc and copper of diffreant pennys and scrach the pennys on sand paper or a flat rock thats how you true them by 83 i belive its just a zinc base thats copper cooted
stingray300m 3 weeks ago
@stingray300m yes, they are all 95% copper cents. '82 is the year that the mint changed over from 95% copper to 97.5 % zinc. Most of these were machine sorted by a Ryedale sorter. I check the 1982 coins that I sort by hand by weight. A copper cent will weigh 3.1 grams while a zinc is 2.5 grams.
terminal99 3 weeks ago
@terminal99 95 percent copper whats the other 5 percent
stingray300m 3 weeks ago
@stingray300m 5% zinc
terminal99 3 weeks ago
I agree, Buy as much silver as you can get your hands on also as it`s value is about to hit the roof.
Shug
shuggy4105 1 month ago
@shuggy4105 I hope it does hit the roof but how can you be so sure? When do you predict this to happen, and why? Sorry, I'm curious. :D
ColonelAllan 1 month ago
@A11Pictures LOL
terminal99 1 month ago
Did you not ever realise that you cant sell currency as scrap. You will be sent to prison. Plus your advertising your stupid intention.
dave029868 1 month ago
@dave029868 Tell me where I said I was selling or was going to sell my copper cents as scrap? I am doing nothing illegal. Pay attention.
terminal99 1 month ago 9
@dave029868
YOU'RE SO STUPID LOL.
READ THE DESCRIPTION.
VeradoonKing 1 month ago
dang you the copper king
mikeyp001985 1 month ago
British penny your looking for pre 1993 the copper from the 2p is worth 4p :)
evilscotsmin 1 month ago
that is stupid, take it all to an advisors & hav them invest it u in low risk bonds.
they will take 5% of the profit you make in interest
e.g. if you invest in oil company or microsoft u know the recession isnt going to destroy them, it will reduce their share price but it will go up after recession
while shares r cheap $100 will buy u more shares. in 10-15 years ur money will more than double without adding to it
dont invest using a bank or you will get a shitty 5% rate and earn nothing
neogastropoda1 1 month ago
In Canada we throw away copper penies due to very low value !
59Love1 1 month ago
@59Love1 don't do that!! unless they are newer copper-plated ones. the older ones are worth their copper!! just like the u.s. ones. except apparently canada stopped copper much later than the u.s. did! and apparently they're thinner and so it takes more coins to equal a pound (i'm getting this information from the maker of the video). but it's still a good idea nonetheless!! i'd say you guys are lucky to have more in circ. :D
phr4nk3rd00d13 1 month ago
I have only two questions for you: Where do you live and when do you go to work? Thanks
HackSlashKill 1 month ago
So which pennys should I be saving?
308beatZ 1 month ago
@308beatZ Any US cent made before 1982.
terminal99 1 month ago
@terminal99 By "any" penny's quarters dimes nickles?
308beatZ 1 month ago
@308beatZ Just pennies.
terminal99 1 month ago
Hey great video haha i also found it funny because my nickname is copper say would you know the weight and the copper value of a Canadian penny i have lots of those
CentsTwo 1 month ago
@CentsTwo In Canada, cents were made with copper through 1996, so the same opportunity is also available. In general it takes more copper coins in Canada to equal one pound due to the light weight coins from 1982 to 1992 (the 12 sided coin). Canadian copper pennies have a higher copper content at 98%, the balance being zinc and tin.
terminal99 1 month ago
@terminal99 ah so how much copper is in 1 penny?
CentsTwo 1 month ago
@CentsTwo 2.9545 grams of copper. Each US pre 1982 penny weighs 3.11 grams. It contains 95% copper. So .95 X 3.11 = 2.9545 grams of copper in each penny. There are 453.59237 grams in 1 pound. So 453.59237 / 2.9545 = 153.526 pennies for 1 pound of copper. Basically 154 pre 1982 pennies = 1 pound of copper.
greggh 1 month ago
@CentsTwo Pre'82 cent has 3.1 grams of copper.
terminal99 1 month ago
@terminal99 no offence sir but i did money research u can melt it but u cannot put the money in cirlce off money or the ecomnmy
Dutyine 1 month ago
copper power lines.
32937isready 1 month ago
You realize there's more copper in a nickel, right?
milty456 1 month ago
@milty456 yes that is true - however a copper cent is currently worth 2.5 times face value while a nickel is only worth 5.7 cents in metal. It's better to save copper cents even though there is sorting involved with it.
terminal99 1 month ago
What year rage pennies are best ? Are they all high copper or some more than others? Great vid
dreadnok320 1 month ago
@dreadnok320 Thanks - all US cents made before 1982 are 95% copper. During '82 the mint started making copper plated zinc cents. A copper cent weighs 3.1 grams while a zinc is 2.5 grams. Save the copper and you'll be in good shape.
terminal99 1 month ago
i think i use the same jars as you do. I have three or four of those jars full of copper pennies both Canadian and American (mostly canadian because I live in Canada) and I even have a full 15lb jar filled with zinc pennies because it won't be long before people do the same with zinc as it currently is aprx half the value and sells for a lot more on the open market.
endlessmountain 1 month ago
@endlessmountain Good going on saving copper! I don't know about saving zinc at this point. It's not going away anytime soon.
terminal99 1 month ago
@endlessmountain
What year are Canadian pennies good up to for the copper content, I want to get my grandson collecting them?
I hope you reply...
moviematcanada 1 month ago
@moviematcanada CAD pennies up to 1996 are copper, '97 to '99 are zinc and the 2000+ are steel.
endlessmountain 1 month ago
@moviematcanada In Canada, cents were made with copper through 1996, so the same opportunity is also available. In general it takes more copper coins in Canada to equal one pound due to the light weight coins from 1982 to 1992 (the 12 sided coin). Canadian copper pennies have a higher copper content at 98%, the balance being zinc and tin.
terminal99 1 month ago
Why not collect nickels as well? the metal value is higher then what a nickel is officially worth.
Blizeful 1 month ago
@Blizeful I do save nickels - just not that much. A nickel is worth, at the moment, 5.7 cents melt while a copper cent is worth 2.5 cents. Of course the drawback to saving copper cents is the sorting. There is none at the moment for nickels. Even so, I like the return I get saving copper cents over nickels. If the time comes when the Mint changes the composition of the nickel, I'll speed up my saving of them before it happens.
terminal99 1 month ago
I wonder if there are any rare penny's there,a single penny has sold for over a million dollars, you should hand sort them could have a 1969 double die worth thousands,there are many valuable penny's hate to see you lose out on big money.
MegaRome777 1 month ago
@MegaRome777 One day when I'm old and retired I'll search thru them. As for now, I'm going for quantity.
terminal99 1 month ago
@MegaRome777 What I do with my pennies is I have a seperate jar for pennies in mint condition or ones that are too damn old (Pre 1939ish} for they have higher value for I can trade a few with numismatic value.
endlessmountain 1 month ago
That takes up a lot of space and is a lot of time and energy with very little return over a long period of time. I mean there's a lot of copper out there and you have like $10 worth of pennies until that copper becomes rare enough for them to be worth more in scrap...You would indeed be better off buying silver with it.
ColonelAllan 1 month ago
@ColonelAllan If I could buy $25.50 in silver for $10 then I would buy all the silver I could. Right now I'll stick to getting copper cents worth 2.55 cents at face value. Takes up too much space? Only if you live in a shoebox. Time spent sorting? A Ryedale sorts at 300 coins a minute.
terminal99 1 month ago
@terminal99 Who exactly is going to pay you $25.50 for $10.00 in pennies? Who is going to extract the copper from them anyway? By what process/cost? I'm sure they are minted this way so any idiot can't sell them as scrap.
By time/energy I meant checking the year on all your pennies and messing around putting them into jars and stacking them into a few feet of space in your house. It's a decent way to save money for a teenager. I'll give you that.
ColonelAllan 1 month ago
@ColonelAllan Take a look at Ebay. There are plenty of listings for copper cents and they are selling for over double face value. Why worry about melting them? Take a look at 90% & 40% silver coins. Do most people who buy these worry about melting them down? Do a Youtube search for Ryedale sorter and see how quick it is. As for taking up space, you can keep a lot of copper in a small space.
terminal99 1 month ago
@terminal99 Pardon me. I was assuming you were intending to sell the pennies at scrap copper value.. If you can get a good price for them then more power to you my friend. I never pass on the opportunity to collect copper elbow joints and pipe cutoffs + wire myself so I guess I have scrap on the brain. :D
ColonelAllan 1 month ago
@ColonelAllan No problem - I like to scrap myself.
terminal99 1 month ago
Just buy silver....
tullyman82 1 month ago
@tullyman82 If I could buy $25.50 in silver for $10 then I would buy all the silver I could. Right now I'll stick to getting copper cents worth 2.55 cents at face value.
terminal99 1 month ago
why don't you just box them up or melt them down in a smelter
ebayisajoke 1 month ago
@ebayisajoke Right now, it is against the law to melt US cents down. I think this will change, but even if it does, I will not be melting these. They have value just the way they are.
terminal99 1 month ago
Isn't it against federal law to melt down pennies?
cdoftx 1 month ago
@cdoftx yes it is but I never plan on melting them. They have value just the way they are.
terminal99 1 month ago
is penny hoarding better then nickel's?
TheWebMasterKid 1 month ago
@TheWebMasterKid Right now, a copper cent is worth 2.55 cents while a nickel is worth 5.89 cents. I prefer the penny because it's worth 2.5 times face value right away. The best thing about the nickel is that there is no sorting involved.
terminal99 1 month ago
i buy silver and gold, copper takes up a lot of room but still a great investment!
AIlSeeinGuy 1 month ago
I save all pennis starting at 1982 and older and separate wheaties or indian heads
micmoable 1 month ago
Holy shit. I've been collecting pre-1982 pennies and I only have a small bag full. That's been for over a year now. What did you do? Go to a bank with a 100 dollar bill and ask them for pennies?
14sJakeB190 1 month ago
@14sJakeB190 I used a Ryedale sorter for most of this hoard. It's the best way to go if you are serious about saving copper.
terminal99 1 month ago
nice hoard of coins, but its easier too carry and hide paper notes as a nest egg for the hard times to come, cheers
MrHoards 1 month ago
@MrHoards
Not if the currency because hyper-inflated, or the economy completely crashes. Gold/Silver and I guess copper are the way to go.
Silenthawk98 1 month ago
@MrHoards Paper is worthless, copper is a valuable metal, when the money fails.. ans it will fail.. copper is still valuable..
garybell101 1 month ago
@garybell101 hi your right about paper money being worthless but you can spend it right away. maybe i should dig it up next week and exchange it at we buy your gold.
MrHoards 1 month ago
the European Cents are magnetic because they have an Iron layer inside
xparade0de 1 month ago
@xparade0de We might have the same thing one day. At least it will be easy to sort them with a magnet.
terminal99 1 month ago
isnt it illeagal to sell money for scrap anyway? just wondering
kykykynon 1 month ago
Dude, have you gone thru them looking for Errors, die varieties and Doubled Dies. You could have a single coin in there worth more than one of those jars. Did you know a 1984 cent with a double ear is worth more than your entire "hoard"
arctictimberwolf 1 month ago
The only reason copper and other metals are going up in the us is because the us dollar is going down. So i guess they are worth something in the us, but due to inflation i dont think they will get you a whole lot of things in the long run. Anyways you have gotten me started at collecting pre 82 pennies.
MrKyleOwns 1 month ago
@MrKyleOwns Unlike gold and silver, the price of copper is more dependent on manufacturing since so much of it is used in the process. Good going on your copper saving!
terminal99 1 month ago
@MrKyleOwns this has nothing to do with currency value, it's because the demand grow faster than the production rate
quaxk 1 month ago
@quaxk hey dick head those metals are on a world wide market and if the us dollar goes down guess what? The price for those metals go up because they have nothing to do with a national economy.
MrKyleOwns 1 month ago
pennies are not all copper 92 % nickel
josephhart85 1 month ago
@josephhart85 pre '82 cents are 95% copper which is what these are.
terminal99 1 month ago
Hopefully all of these have been looked through for the rare double strikes, war coins, etc., prior to being put into the containers. Some of those with higher zinc content are still desirable due to double striking. Many reasons to keep coins, not just for copper content. :)
bergiekat 1 month ago
Is there an easy way to know which 1982 pennies are 95% copper and which are 2.5% copper?
JeffAY57 1 month ago
@JeffAY57 There are machines.Look it up.
moomman89 1 month ago
@JeffAY57 95% copper cents weigh 3.1 grams while zinc cents weigh 2.5 grams.
terminal99 1 month ago
pennys r not all copper there just spead with copper
peterbloss 1 month ago
@peterbloss Pre '82 cents are 95% copper which is what these are.
terminal99 1 month ago