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 Hoarding Standards
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johnbrickner
Penny Pincher Member



154 Posts

Posted - 01/05/2010 :  18:03:49  Show Profile Send johnbrickner a Private Message
Derrick: Please allow me to add my suggestion to the above hording rules. It has come to my attention there are 8 or 9 verities of the 1982 penny. Without a lot of detail it's large date (LD), small date (SD) each of the following; CU, ZN, Philly (P), & Denver (D). Also proof. Apparently, no one has found a SD, CU, D hence, 8 verities. Given the short shelf life of the Zinc '82 penny (many problems with bubbling, oxidation, etc.) it is estimated only 20% of the original ones are still in circulation.

If the numbers I obtained from "Coin Talk" which reference You must be logged in to see this link. are correct (a lot of if here,) we can estimate the current Zinc verities percentages of ALL minted in '82 still in circulation as follows: LD P=3.58%; SD P=0.72%; LD D=3.28%; and SD D=2.62% or a total of 10.2% 1982 Zinc still in circulation. I had heard there were less ZN coined than CU but the numbers above have it closer to 50/50. Regardless, given the very small numbers of the small date philly estimated still in circulation (less than 1% of the total minted for '82) and given the several verities of the year, I think ALL of the 1982's should be keepers. Putting sets together of the verities could prove very profitable considering higher grades.

Quite a bit than my 2 Cents worth here. Comments/thoughts requested.

"I Killed the Bank" from the tombstone of Andrew Jackson
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AgShaman
New Member



USA
3 Posts

Posted - 01/05/2010 :  19:05:02  Show Profile Send AgShaman a Private Message
Wow, this place is crazy full of hoarder types (I'm new here, and don't collect pennies or nickels). I'm more in the PM camp and forgive the naivete that follows but.......what is going on here with these hoarders of pennies(copper & zinc)and various constructs of base metal hoarding. Wasn't there a law passed in the USA making it illegal to melt down coinage? Are you planning on doing it anyway? How do you realize gains in this world? (is it old pennies you sell to coin shops). I must say I'm both taken aback and curious to what makes the majority here TICK?

Cheers
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Silverguy23
Penny Sorter Member



USA
62 Posts

Posted - 01/05/2010 :  20:55:18  Show Profile Send Silverguy23 a Private Message
I am as most of us into other PM's ie. Silver. When you can get a copper penny for 1 cent and its real metal worth is 2.3 cents then why not keep it. Same issue as in 65, 66, 67, etc with Half Dollars some horded them some did not. Now would be a good time to have them for their 40% silver contnet. If the copper penny thing does not pan out you are out nothing. if it does you have made 2 to 3 times or more on your money.

Silver Bugs.... Keep Stackin'!
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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 01/23/2010 :  12:44:26  Show Profile Send HoardCopperByTheTon a Private Message
AgShaman and Silverguy23.. Welcome to the forum. I would have guessed from your names that you are proponents of the "white metal." I am a big silver bull myself.. as are many of the copper hoarders here. While it is currently illegal to melt the pennies.. that does not keep them from being traded in their original form at a premium.. much as $1000 bags of 90% silver are traded now. When there was a melt ban on silver coins back in 1968 did that keep folks from hoarding them and selling them at a profit? When they lifted the melt ban in 1969 did everyone melt all their 90% silver down so they could sell it? Many of us here have converted significant amounts of copper pennies obtained at face into improving our stacks of silver.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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Silverguy23
Penny Sorter Member



USA
62 Posts

Posted - 02/08/2010 :  09:41:19  Show Profile Send Silverguy23 a Private Message
Good Point Hoard!!!

Silver Bugs.... Keep Stackin'!
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rainman69
New Member



USA
2 Posts

Posted - 03/26/2010 :  15:58:08  Show Profile Send rainman69 a Private Message
Hi,
I read about this forum in the latest Lost Treasure Magazine. I have been keeping copper cents for some time and wonder where do you sell the ones you have. Who are the buyers for these copper cents?
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dougefresh
Penny Sorter Member



34 Posts

Posted - 03/26/2010 :  20:36:08  Show Profile Send dougefresh a Private Message
Some of the buyers are us on this board who don't have or want to take the time to sort ourselves.
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rockdude
Penny Sorter Member



USA
28 Posts

Posted - 03/27/2010 :  06:33:54  Show Profile Send rockdude a Private Message
I too am a hoarder of copper as well as silver, why? Because I like it.

An artist is somebody who produces things that people don't need to have.
Andy Warhol
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johnsonjohn2441
Penny Pincher Member



USA
102 Posts

Posted - 04/17/2010 :  09:16:03  Show Profile Send johnsonjohn2441 a Private Message
lots of nice information. thanks and nice!
josh
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milomorai
New Member



USA
7 Posts

Posted - 04/17/2010 :  17:46:06  Show Profile Send milomorai a Private Message
quote:
Originally posted by Kurr

Could replace the 1943 copper with the 1909 S VDB.



Ah Yes! the elusive 1909 S VDB, I've been searching for this rascal for the last 50 years.
Still haven't found one.
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johnsonjohn2441
Penny Pincher Member



USA
102 Posts

Posted - 04/26/2010 :  11:05:21  Show Profile Send johnsonjohn2441 a Private Message
thanks for all the great information! i never knew about the '43 but i will keep my eyes open now!
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johnsonjohn2441
Penny Pincher Member



USA
102 Posts

Posted - 04/28/2010 :  08:35:16  Show Profile Send johnsonjohn2441 a Private Message
great post, thank you so much
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joshuarutschow
Penny Sorter Member



USA
32 Posts

Posted - 05/05/2010 :  22:57:02  Show Profile Send joshuarutschow a Private Message
love the standards. thanks
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mascallw119
New Member



USA
18 Posts

Posted - 05/16/2010 :  20:43:44  Show Profile Send mascallw119 a Private Message
This information is extremely educational. My Grandfather was a collector of coins and I have a lot of pennies that he collected but have not had the opportunity to review. This guideline will help me tremendously as I begin to go through his inventory. Thanks again for this information. I am grateful that the posting, although back in 2008, was not removed so that the newbees can also benefit from it.

Thanks again.
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copperseller
New Member



USA
1 Posts

Posted - 07/22/2010 :  00:58:44  Show Profile Send copperseller a Private Message
While I'm sure the 1943 copper penny is quite rare, I would also say the 1943 steel is rare too. In all my years of coin collecting I've found 4 silver quarters, 3 Indian head pennies, and 2 Buffalo Nickels. Never have I found a steel penny.
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