How to Get Loads of Copper Pennies

Withdrawing more than a few dollars of pennies to sort for the copper pennies can be a bother.

Category:

Howto & Style

Tags:

• copper
• penny
• mine
• coin mining
• coin roll hunting
• invest
• metal
• face value
• melt value
• pennies
• hoard
• coin
• ryedale
• inflation
• dollar collapse
• hedge
• finance
• Gresham's Law
• Gresham
• save
• cent

[buckeyemike81]

When you order the pennies from the bank do they charge you a fee for that? Also are there limits to how many pennies they will get for you per order or a frequency cap or anything else? This is a very interesting thing, but it seems like it would not be in the bank's interest to help you in any way that would scale well. Someone has to pay to have all these pennies shipped so either the bank eats it (but for how long), or they would need to charge you a fee. Still cool though.

[copperpennymine]

@buckeyemike81 True, the banks eats it. Banks basically find account holders to be annoying whatever they do, because the banks under the Federal Reserve System do not need depositors' deposits. That is why they can charge so many fees and act like they are doing you a favor. Find a bank that is not so bad about that. What is most interesting is how the bank assess the value of the pennies. They weigh them usually, and if their calculated value is near your estimate, they credit your estimate.

[soverythankful]

Thank you for this info!! Where do you take your pre 82 pennies when you are ready to get the copper value for them?

[copperpennymine]

@soverythankful Where to take your copper pennies is up to your creativity. You could take them to a coin dealer in five pound bags to get him to buy them. You could sell them on eBay like many do if you do not mind paying their commission. Watch my other video for more ideas: Rich from Copper Pennies

[dishesdealer417]

Today I went in to pay my car insurance & I was telling this girl how Bernanke was testifying & gold, silver & copper were shooting up. SHE STARTED TELLING ME how each penny from before 1982 was worth 3 cents etc. I was quite shocked. She said the owner of the insurance agency was always talking about it. I told her that only real metal was valuable and that people were worried they would take dollars into the store and nobody would sell them food with it. She was shocked someone else knew

[copperpennymine]

@dishesdealer417 She sounds like a good find. I am also glad to hear that at least some people are talking about monetary policy in casual conversation. You got her phone number, right?

[copperpennymine]

@peacock80000 What an insightful comment! You must be an etymologist and an expert on the development of American English. You and your little friends may say 'cents' and the rest of us, here in the United States, will continue to say 'pennies'. Penny is the coin; cent is its value. What do you call a 'nickel'?

[micmoable]

This kind of reminds me of the time I returned to Walmart with over 200 hotwheel and matchbox cars to get money to help me buy a metal detector--boy folks behind me were not happy waiting around for that returning to end--ha ha

[Denierbud11]

@lovok123

check ebay -- lots of buyers for copper pennies

[konzwambii]

Laugh my a88 off if zinc goes higher than copper. All these bozos saved the wrong ones!

[Dismalic]

@eyewarnedyou And we can order pizza and sodas too....your my daddy now. when are we goin to have a penny sorting party dad?

[lovok123]

OK? Who the hell is gonna buy all those pennies for more than 1 cent?

[FilteredInc]

@buckeyemike81 Also when you go to a different city or town take some time and just go to several banks (since you don't go to on a regular basis) and just ask to buy some boxes of pennies.

[FilteredInc]

@buckeyemike81 More and more banks are starting to charge to get coins. U.S. Bank is one for sure. Try and stick to the small local banks and not the large chains to avoid as many that charge as possible.

[kykyzz99]

.

.



[wayne290]

If I was a bank manager and you came in repeatedly with all of those pennies, I would tell you never to return with pennies. You are going to drive them nuts.