Save copper pennies.. Pennies are worth 2 cents.....Inflation

[wayne290]

Except for war time nickels, which were made of 56% copper, 35% silver and 9% manganese. Nickel was a critical war material, used for armor plating. This was for 1942 to 1945 nickels. Then it went back to the normal composition of 75% copper and 25% nickel.

[wrxbungle]

Hey good vid but just a tidbit of info.

1982 is when they started making zinc clad, so if you come across one you can either weigh it (copper pennies are ~3.1g while zinc are ~2.5g) or do the drop test. Copper will ring, zinc will clunk.

Thanks!

[wrxbungle]

@wrxbungle perhaps i should watch the whole vid first :P

thanks again

[mike6459]

Lincoln Copper Cent Price 1909-1982 Cent (95% copper) *

$0.01 $0.0281667

281.66%

[TheHotRod1961]

when u get 50 thou, who u going to sell um too?

[iammovingtomexico]

what about the 1974 cent? i think that was made w/ another composition..

[oellerich007]

almost 3 cents now.... figured out if you can sort 1152 boxes of pennies you will get 384 boxes of copper pennies. 5032 pounds of pennies @ 4.45 per oz today would give you $22,402.36 in metal value. This is investing $9600.00 in pennies. If copper goes to $60.00 a pound in 2020 it will be $302,054.40.. Buy a Rydale to count buy it use it and resell it.

[veritasfiles]

Sometime between 15 to 30 years from now, about the time I'm looking seriously into retirement, that's when these will start being worth significant amounts of money. So you might be able to sell these pennies for 50 cents or $1 a piece between 2025 and 2040. And of course, that assumes that our money doesn't go hyper-inflationary, which is certainly possible. What I'm saying is just the worst case scenario or the bear minimum they'll probably be worth in the future. Good video!

[johnywinslow]

pennies are great but the volume issue is a problem. I do nickels instead.

[SpiritSphere12]

Gold, Silver and Copper as ben used for money for thousands of years and will be again after we get hit with hyperinflation.

[ScorpioBornIn69]

I have been saving the pre82s since the year they switched from copper to zinc. That is 28 years of collecting these older cents. I got over $500.00 face value of these cents.

[ScorpioBornIn69]

They worth 2.5 cents now with the current copper prices.

[The88camaro]

All copper pennies and any nickels I find get saved!!!

[cds162]

pennies 1982 and older are worth more then a penny

however....

As of April 5, 2010, the value of the metal in a nickel is $0.06015744, 23.14% more than its face value

save nickels

[pennysarecute2]

I have currently 23421914 cop. pennys

[MYAR15SaysImFree]

Nickels have .049 cents of copper in them. They are actually worth face value. about the only coin in our sytem that is worth its weight. Horde them too. Obam proposed in 2011 to change the coin metal. Rule of thumb, bad money always drives out the good.

[samking12]

wow thanks for the facts

[MrDuffy81]

I picked up 3 pennies off of the ground yesterday.

I save all the pennies that I don't spend out of my change purse.

I have about a half a gallons worth.

Thanks for the facts!

[TenderTrap86]

The monetary base of USD has increased ten times since it reached it's 2008 high of $4 per pound. In the 70's, there was a 14% increase in the money supply and there was 14% inflation not too long after. Think $40 copper is rediculous? Silver should be going to $900 an ounce and gold to $15,000 an ounce. Check out what Mike Maloney has to say about how traditional monetary metals have caught up to currencies throughout history during massive inflation.

[TenderTrap86]

A good test is to flip it on your thumb. If there's a ping, it's copper. If it's flat, it's zinc.

Look for copper to reach $40/lb..

[pennysarecute2]

@TenderTrap86 it would dent the coin or damage it .1982 and under to 1959 are copper memorial pennys the 1983 copper cent no zinc is an error and is very rare some '82s are zinc but to tell is the copper one has a slightly larger detail than the zinc and copper pennys have a larger date.

[jjpeterson1]

@TenderTrap86 at least $10/pound by next summer, just wait.