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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
 Posted - 08/10/2009 : 19:34:59
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You know how American cents are akward to trade in small amounts because they are 1/150th of a pound, or 1/9.375th of an ounce (AV), or 1/12.5th of a troy ounce? Well I have been weighing everything since I got my digital scale and here is what I found about British copper coins - they are perfect weights for trading!
British One Penny(97% copper, 1971-1991): 1/8 oz av
British Two Pence(97% copper, 1971-1991): 1/4 oz av
British Half Penny (97% copper, pre-1969): 1/5 oz av
British Penny (97% copper, pre-1970): 1/3 oz av
Awesome, right?
I will post more British coin weights and compositions after more research/weighing. These will be my new hoard coins of choice!
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
Edited by - AGgressive Metal on 09/03/2009 18:11:36 |
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daviscfad
1000+ Penny Miser Member
USA
1300 Posts |
Posted - 08/10/2009 : 22:02:11
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| Pretty cool! I didnt know none of this even with the American penny. Thanks for sharing |
Inquiring minds want to know |
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Robarons
Penny Collector Member
USA
370 Posts |
Posted - 08/10/2009 : 22:17:05
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Its neat that they all add to nice whole weights. But their harder to find here and their not well known which limits this cool feature. Also those are the wrong ounces for PM's, gotta use those troys! But do own some of those large cents!
Our own US coppers are 1/10 troy ounce rounds with 100 .999 Can Nicks making a pound. Nice numbers rock.
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Robber Baron= Robarons |
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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
Posted - 08/10/2009 : 23:22:09
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| Yeah they are less available, but copper will always be measured in normal ounces - industry almost never changes the way they express weights or sizes of materials. Take 'bushels' or 'barrels' for example - still used even though every other country has switched to metric measurement for most things. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 08/11/2009 : 21:21:39
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I already hoard these in small amounts.
Family in Britian brings over tons for me to sort through, I pay for what I took and they bring it back when they go home. :) |
Turn your old video game consoles (and games) into GOLD or COPPER!
Buy/Sell/Trade sub-forum
Firearms are second only to the Constitution in importance; they are the peoples' liberty's teeth.
George Washington |
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copperpennies
Penny Pincher Member
USA
215 Posts |
Posted - 08/12/2009 : 16:20:54
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| Time for Matt that just sold PennyBullion to open Pencebullion lol. |
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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 09/02/2009 : 23:05:43
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Do you know of any export ban for these coins coming out of Britain.
I have family coming over within the month and I figure I could be their exchange machine w/o the fee. |
Turn your old video game consoles (and games) into GOLD or COPPER!
Buy/Sell/Trade sub-forum
Firearms are second only to the Constitution in importance; they are the peoples' liberty's teeth.
George Washington |
Edited by - jtm3 on 09/03/2009 16:06:28 |
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coppernickel
Penny Sorter Member
USA
61 Posts |
Posted - 09/03/2009 : 14:39:35
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| The older coins pre-decimilization in 1971 should be free and clear. |
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 09/03/2009 : 17:27:39
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Aussie and New Zealand pre decimal pennies are also 9.4 grams of Cu. Same with the pre decimal Irish penny. They have a current melt value of 6˘.
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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
Posted - 09/03/2009 : 18:12:46
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| Sorry guys, the 1971-1991 one penny coin is 1/8th of an ounce, not 1/12th. I changed it. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
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pennybullion
Penny Pincher Member
243 Posts |
Posted - 09/07/2009 : 10:37:58
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Definatly have a nice supply of British pence, and have been holding the pre 91's for my own personal comsumption. Anyone have any nice and simple melt value calculations on these coins?
Matt |
www.pennybullion.com |
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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
Posted - 09/07/2009 : 14:42:30
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| Don't melt them - sell them to me instead! ;) |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 09/07/2009 : 17:13:54
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quote:
Originally posted by pennybullion
Definatly have a nice supply of British pence, and have been holding the pre 91's for my own personal comsumption. Anyone have any nice and simple melt value calculations on these coins?
Matt
As of 9-7-09 Cu prices from coinflation.com, the 3.56g, 97%, '71 thru '91 UK new penny has a MV of 2.17˘.
I made an excel spreadsheet, duplicating the numbers from coinflation, for foreign coins.
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pennybullion
Penny Pincher Member
243 Posts |
Posted - 09/08/2009 : 07:14:56
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what about the 2 pence? I've noticed a higher copper % out of pocket change from the 2 pence. Also, is there anyway you could e-mail me a copy of your spreadsheet? Shoot me a PM and I'll give you my new e-mail if it isn't too much trouble. Thanks,
Matt |
www.pennybullion.com |
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 09/08/2009 : 16:42:51
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quote:
Originally posted by pennybullion
what about the 2 pence? I've noticed a higher copper % out of pocket change from the 2 pence. Also, is there anyway you could e-mail me a copy of your spreadsheet? Shoot me a PM and I'll give you my new e-mail if it isn't too much trouble. Thanks,
Matt
As of 9-8-09 the 2 Pence has a MV of 4.4˘.
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HoardCopperByTheTon
Administrator
USA
5238 Posts |
Posted - 09/10/2009 : 02:16:58
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This is great information. I was offered a chance tonight to add a good bit of British Copper to my hoard. When buying large lots of British copper do you folks just weigh it, or calculate a per unit price? The deal in question is 150 bags of British Large Cents. Each bag contains 1000 pieces. The cents range from very worn cents in the 1880's to bright red ones from 1970. What would be a good calculation for the actual value, and what would be good price to offer leaving myself plenty of room for buying such a large amount at one time?
Does anybody want a few bags of British Large Cents if I take this deal down?  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
Posted - 09/10/2009 : 12:30:44
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A) Yes I want large cents, I am both hoarding them and starting to build a complete set
B) Value depends on whether you are considering retail/collector value or purely copper weight value.
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
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AGgressive Metal
Penny Hoarding Member
USA
789 Posts |
Posted - 09/10/2009 : 12:43:25
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| Accordingly to my world coin book, a 1902 large cent is $180 in Unc and a 1967 is worth 30 cents in Unc. So theres a wide range of value there. In "Fine" they mostly range from $1 to 15 cents. I buy them out of the local dealers junk boxes for 10 or 15 cents a piece, usually. So in bulk, I'd shoot for 7 or 8 cents a peice, maybe? |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484
http://www.randpaul2010.com/ |
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CoinHunter53562
Moderator
USA
1754 Posts |
Posted - 09/10/2009 : 13:32:44
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| Good stuff...I didn't know that. I pickup them from dealer junk bins from time to time because I like those big slabs of copper. I've never bothered to look up the actual copper content though. Thanks for the info! |
My hobby: collecting real money 1 copper cent or nickel at a time.
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 09/10/2009 : 16:51:12
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With Cu at $2.84/lb., and the pre decimal penny weighing 9.4 grams (5.7˘ MV), and 1000 coins/bag, that gives a MV of about $57 per bag. Give or take for wear... A 150 bags is $8550. If you can get them for less than melt I would jump on it if you have the capitol. Heck yes I would.
I get them for 10˘ each from a hobby shop's foreign coin box. I collect pre decimal bronze coins from the British Empire. So at this time I'm being a bit selective on my purchases for hoarding (minty fresh bright red ones, or an upgrade for my collection). Cu has to hit $5/lb. to get an MV of 10˘.
If I was a little more flush with cash I would definitely like to get in on 3 or 4 bags of that action...
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HoardCopperByTheTon
Administrator
USA
5238 Posts |
Posted - 09/10/2009 : 22:21:37
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| I figure I will get them at a pretty good discount off melt. Then I can add them to the copper hoard as "Real Cents." Later on I can either sell them off "unsearched" or go through them and pull the dates I need for my own collection. I really like these big slabs of copper. I had been paying 10 cents each previously also, but I have to get the price down well below melt to buy this many at once. The same source has 50 bags of half cents and 40 bags of farthings. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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byro007
Penny Collector Member
USA
399 Posts |
Posted - 09/10/2009 : 22:56:12
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| How much are those half pennies worth I have a bunch of them I may consider selling? |
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HoardCopperByTheTon
Administrator
USA
5238 Posts |
Posted - 09/11/2009 : 02:41:41
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| I think the half cents melt around 3 cents each. Of course most folks would want to buy them in the 1-2 cent range. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Let me see if I understand this? If you cross the North Korean border illegally, you get 12 years hard labor; the Iranian border illegally you are detained indefinitely. If you cross the US border illegally, you get a driver’s license, a social security card, welfare, food stamps, free health care!
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 09/11/2009 : 06:49:38
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Yes, MV is 3.4˘ to be exact (with Cu at $2.84/lb.). What it might be worth to someone else is another matter. 
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Megaman
Penny Pincher Member
USA
130 Posts |
Posted - 09/11/2009 : 19:58:05
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| I found a British Penny in my nickel roll today. How odd haha |
Must hoard more...... |
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British Copper = perfect trade weights
