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 Copper Penny Bullion Investing
 1867-1992, run of the mill 12 sided canadian penny
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feirefiz
New Member


Canada
22 Posts

Posted - 10/19/2009 :  03:17:41  Show Profile Send feirefiz a Private Message  Reply with Quote
it is just a anniversary mint correct? ive seen them my whole life but never wondered until recently, what should i follow when tryin to classify them for their copper content, the latter date? if that is the mint date that is. the coin is 12 sided and feels light like it is either zinc or, which i assume: a later lighter copper version like a regular 1992 12 sided penny,

basically just wondering with these 1xxx-19xx coins , which are worth saving for the copper? also if anyone has a trick for determining the difference between copper and zinc id love to know,

great site btw has already taught me tons

jadedragon
Administrator



Canada
2773 Posts

Posted - 10/19/2009 :  04:29:29  Show Profile Send jadedragon a Private Message  Reply with Quote
These coins are minted in 1992 and are 98% copper just like all Canadian pennies up to 1996.

"It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things." - Leonardo da Vinci
How to Invest in Copper Bars ~~~How to Invest in Copper Bullion at A Steep Discount~~~How to Invest in Physical Nickel~~~How to Follow Gresham's Law
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fb101
Moderator



USA
2224 Posts

Posted - 10/19/2009 :  18:29:27  Show Profile Send fb101 a Private Message  Reply with Quote
quote:
Originally posted by jadedragon

These coins are minted in 1992 and are 98% copper just like all Canadian pennies up to 1996.



So, did the size change after 81? The melt value is lower.
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feirefiz
New Member



Canada
22 Posts

Posted - 10/19/2009 :  20:06:32  Show Profile Send feirefiz a Private Message  Reply with Quote
ok i thought so, i coulda sworn it was zinc tho, maybe the lighter design fooled me, so typically whenever you see an (what is this just an anniversary coin?) the coin itself follows the composition/design criteria of a regular penny of that year? (the later date of course)
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Bluegill
1000+ Penny Miser Member



USA
1472 Posts

Posted - 10/19/2009 :  20:59:28  Show Profile Send Bluegill a Private Message  Reply with Quote
quote:
Originally posted by fb101

quote:
Originally posted by jadedragon

These coins are minted in 1992 and are 98% copper just like all Canadian pennies up to 1996.



So, did the size change after 81? The melt value is lower.


The size didn't change, well, I guess the thickness did. The weight was reduced from 2.8 grams ('80 & '81) to 2.5 grams.



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psi
Penny Collector Member



Canada
303 Posts

Posted - 10/19/2009 :  23:19:49  Show Profile Send psi a Private Message  Reply with Quote
It's pretty easy to sort canadian pennies quickly by hand without having to flip any over to look at dates. I don't bother to separate the different weights of copper pennies as they're all 98%, makes more sense to think in terms of weight than face value. Anything with sides (82-96) is copper. Anything with the Elizabeth portrait with the tiara (65-89) is copper, sided or not, and the earlier portraits look different enough that they stand out.
The 97-99 zincs have the same portrait as the 90-96 coppers (big crown) but no sides on the coin. Then you have the 2000-present "Ronald McDonald" portrait steels. I think there may have been some zincs made after 2000 but I don't know what years.
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feirefiz
New Member



Canada
22 Posts

Posted - 10/20/2009 :  17:08:20  Show Profile Send feirefiz a Private Message  Reply with Quote
yeah, was just wondering if these anniversary coins follow the same composition criteria as regular coins minted during the same year, thanks for the info tho


ps weird question, this copper penny thing has sparked my interest after starting to invest in precious metals. These ryedales, are there any efficient methods for using them to sort for silver , say running just nickels dimes and quarters through? or is the mechanism tailored for copper only. seriously considering getting one for pennies and if there's a way to sift through your larger change for silvers (with a little hand sorting involved as well, im sure) that would just seal my decision..... maybe i should just start another topic for this, any info appreciated thanks

Edited by - feirefiz on 10/20/2009 17:16:19
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El Dee
Penny Collector Member



USA
388 Posts

Posted - 10/20/2009 :  18:28:32  Show Profile Send El Dee a Private Message  Reply with Quote
Ryedales work on nickels and smaller coins, but I wouldn't use a Ryedale for silver. Down here you only need to look at the edges for silver (and the odd Canadian) In Canada, just use a powerful magnet pull nickel and steel out. It would be faster.

For nickels, I believe that it will sort the steel from nickel and from cupro-nickel, but you'd need to run through two sorts. Email Ryedale, he'll tell you for sure.


Trust the government? Ask an Indian.
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psi
Penny Collector Member



Canada
303 Posts

Posted - 10/20/2009 :  21:08:04  Show Profile Send psi a Private Message  Reply with Quote
I misunderstood your question about telling zincs from coppers then, but yeah they hadn't started making any zinc pennies here at that point.
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