Saving Copper Pennies as an Investment

These are all 95% copper pennies - no post '82 copper coated zinc cents here. Right now, it is illegal to melt US cents. I believe this will change, but I never plan to melt them anyway. As the coins are now, in addition to having the metal value, they also have collector value since they are currency. It's just like the junk pre 1964 silver coins that are bought and sold based on their silver content. Copper cents are being bought and sold right now based on their copper content. Some coin dealers will pay more than face value for copper cents and some sell their copper cents on Ebay by the pound. Now is the time to save copper. One day people will be saying "I wish I had saved copper pennies when they were still in circulation". How many wish they would have saved pre '64 silver coins back when the coins were available at face value? Copper is treated today the way that silver was 50 years ago.




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.

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[toastman444]

Melt them and don't tell anyone, it's a stupid law

[terminal99]

@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.

[toastman444]

@steamingpoopfart Well go in your spaceship and put it near the sun

[steamingpoopfart]

@toastman444  People would, one little problem....copper melts at 2100F

[GrumpSkull]

Golden rule. Tell the government as little as possible and do as you wish with no proof.

[terminal99]

@GHOSTTOYS It's a simple matter to check completed listings on Ebay and see plenty of auctions that received bids.

[GHOSTTOYS]

@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 ..

[terminal99]

@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.

[1992kriss]

@terminal99 Well ye but in the end to do something with it they need to smelt it which is illigal! =p

[terminal99]

@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.