Many investors who buy gold and silver coin coins and coin collectors who study coins, probably never thought about collecting copper pennies to make a profit. You’ve probably heard “saved a penny earned a penny,” because a low penny is worth a cent. Although most pennies are worth scarce face value, did you know that all copper pennies are worth twice the face value?
Pennies minted from 1909 to 1982 were made from 95% copper and 5% zinc. You may not consider copper to be of monetary value, but it is an extremely important metal. Copper is widely used in industry, especially in the electrical industry, construction, transportation and many other fields. That is why copper achieves a pretty good price, because it is also the best conductor of electricity, it does not darken and is forged. To find the value of copper smelting, we need to know that a pound of copper is currently worth about $ 3.12. 154 copper pennies equals one pound. So 3.12 divided by 154 is approximately 2 cents for every penny.
Since the value of each copper penny is 2 cents, it can be a small investment. The more copper you have, the higher the investment. So how do you still get a copper penny for its face value? First, you can find coins before 1982 by examining daily changes, or you can buy rolls at banks.
In addition to the fact that every copper cent is worth twice as much, its numismatic value is also important. Examining the date and condition of each coin in the way it would collect the coin could give your copper even more value. But you don’t necessarily have to have the knowledge of a seasonal coin collector. Many rollers contain older “wheat” cents that were minted before the modern Lincoln cent (1959 – now). It is easy to spot a wheat cent – look at the dates minted between 1909 and 1959 and the reverse side on which the words “ONE CENT” are centered between two stalks of wheat.
Depending on the condition, wheat cents are rarer and more valuable. The better the conditions, the more it will be worth. When I hunt muffins, I usually find cents of wheat in “good” to “very good” condition. They could fetch a price of 10-15 cents on eBay. You can often find a lot of old wheat cents and copper Lincolns / Memorials in a box of 50 reels. To gain better knowledge of terms and prices, I would go online and look for “the value of a penny per year” or “how much is my coin worth”. You can also buy the latest “Official Red Book: A Guide to American Coins” which is available in bookstores or on Amazon.com.
The boxes of coins you buy at the bank contain 25 pence in 50 rolls, for a total of 2,500 groschen. Unless you want to inspect each coil and inspect each one, you can buy a copper linden sorting machine that allows you to separate copper from zinc. If you’re in no hurry to separate them, you can buy a basic “EZ Copper Penny Sorter” from $ 30 to $ 60. To quickly sort a lot of pennies you will need a “Ryedale Apprentice Penny Sorter” which sells for $ 500.
Another reason for collecting copper pennies is that one day, when the Mint puts them out of circulation, it will be legal to melt them into bars. The rods are much easier to dispose of instead of holding on to huge jars or buckets that can hold hundreds or even thousands of pence.
The wonderful advantage you get when buying circulating coin rings is that it won’t cost you more than what you paid for. So to speak, it will not cost you a cent, because you buy all the rings of pennies at face value. Not only will you find a lot of copper groschen, but also older wheat groschen, which only adds value.