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realcent
Forum Admin
USA
246 Posts |
 Posted - 05/04/2006 : 11:23:41
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This is from the site that gave birth to this forum: http://www.realcent.friendpages.com
For simplicity's sake, lets break US pennies down into 4 categories:
1. Everything up until 1959: These are wheat pennies, Indian head pennies, flying eagles, and earlier large cents, and all have a collector value above their metal content. (common wheat pennies have a collector value of about 3-6 cents right now) All pennies in this category should be stored separately, and possibly traded in for cash at a coinshop, sold to a collector, or saved as collectibles.
2. Pennies dated 1959-1981: These are the copper cents that you should be hoarding. They can be acquired for one cent each from change and from your local bank, yet currently hold a metal value of 2.5 cents each because of their copper content. The actual composition of the cents from 1959-1981 is 95% copper and 5% zinc.
3. Pennies dated 1982: The year 1982 was the US Mint's change over year from a copper penny, to the new zinc pennies. Some from that year are copper, some are zinc. It is possible to tell the difference between the two with weight testing, or by appearance and sound, but at this point (IMO) is not worth the effort. I recommend all 1982 cents be cashed, just save the 1981 and earlier. (others choose to save the 1982's and test them by weight or sound when dropped. This is perfectly valid as well.)
4. Pennies dated 1983-present: These pennies do not contain much copper, are made mostly of zinc, and should be cashed in and traded for more pennies to sort through. Zinc has been going up and some people choose to save these as well. The actual composition of the pennies from 1983-present is 97.5% zinc and 2.5% copper.
www.realcent.friendpages.com
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just carl
Penny Collector Member
USA
497 Posts |
 Posted - 01/19/2007 : 17:52:58
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I'm not exactly sure of the purpose of this topic. Especially since statistics stated are not exactly correct. Not to contradict these statements but
1.Cents previously minted prior to 59 may go for 0.4 to .10 each, many in better conditions sell in the hundreds and even thousands.
Example a 15D Lincoln although common just can not be found in AU so the price is up to about $100 here
2.Cents dated 59 to 81 in EF and AU sell for dollars, not 1 cent. I'd like to see a 72DD go for $0.01 Also, some in the 60's and 70's are up there in value.
3.The 82 Cu plated Zn small date goes for about $10 to $20. Complete set of 7 1982's goes for well into the $50 range in AU to MS.
4.Again, many being sold for well into the hundreds.
I would suggest visiting a coin show, coin shop or just log on to coppercoins.com
Carl
Just thought I'd mention I go to about 2 to 4 coin shows a month. I visit several coin stores, coin counters in department stores and numerous dealers at flea markets. Example is today I just came back from a flea market and bought about 20 AU and MS 1943D Steel Lincoln Cents and a bargain at $0.30 each. At coin shows they go for about $2 to $5 each. |
Edited by - just carl on 01/19/2007 17:56:45 |
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n/a
deleted
42 Posts |
Posted - 08/15/2007 : 14:56:19
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| I hoard 1982 anyway, especially if you base it on dates rather than looks. Just keep it in a separate jar and run it through a ryedale if you have to. |
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Ponce
Penny Pincher Member
Cuba
233 Posts |
Posted - 11/06/2007 : 23:24:55
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I have been saving all my coins for the past 30 years so that at this time I have five 5 gallons plastic water containers full of coins and now working on number 6.
Besides those coins I also have 30 bricks of nickels.
Remember that no matter how many paper fiat the Feds will be printing no one will be making anymore coins so that the same will retain its original value.
In Germany back in 1918-1923 the government had 200 houses printing paper money but no coins..... the paper money became good for the fire place, insulation and as toilet paper.
This old lady had a bathtub full of coins and did just fine because the coins retained its original value..... with paper money a loaf of bread was about 10 millions Marks but with the coins only 2 Marks.
"If you don't hold it, you don't own it"...Ponce |
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fiatboy
Administrator
912 Posts |
Posted - 11/09/2007 : 00:35:44
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I'm waiting for the day when the metal in dimes and quarters will be worth more than its face value (assuming the USD still exists then)........actually, on second thought, that might not be a good day.
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Ardent Listener
Administrator
USA
3146 Posts |
Posted - 11/09/2007 : 10:52:11
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quote:
Originally posted by Ponce
I have been saving all my coins for the past 30 years so that at this time I have five 5 gallons plastic water containers full of coins and now working on number 6.
Besides those coins I also have 30 bricks of nickels.
Remember that no matter how many paper fiat the Feds will be printing no one will be making anymore coins so that the same will retain its original value.
In Germany back in 1918-1923 the government had 200 houses printing paper money but no coins..... the paper money became good for the fire place, insulation and as toilet paper.
This old lady had a bathtub full of coins and did just fine because the coins retained its original value..... with paper money a loaf of bread was about 10 millions Marks but with the coins only 2 Marks.
"If you don't hold it, you don't own it"...Ponce
Ponce, welcome to realcent.
****************
Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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Realcent.forumco.com disclosure please read
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for entertainment purpose only. It is not the intent of realcent.forumco.com to provide investment, medical, legal or tax advice and nothing posted here should be considered to be so. |
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NiBullionCu
Penny Pincher Member
USA
109 Posts |
Posted - 11/09/2007 : 13:28:48
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quote:
In Germany back in 1918-1923 the government had 200 houses printing paper money but no coins.....
Yes, they did strike coins in Weimar Germany, 1919-1923
50 pfennig, 3 mark, 200 Mark, and 500 Mark, all in aluminum |
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2cents
Penny Sorter Member
USA
44 Posts |
Posted - 11/22/2007 : 13:22:55
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Bought my first small batch of Indian Heads recently.
I had a few before this but no early ones.
This batch had an 1859 in it.
I thought something was wrong with it as it was thicker and had a little different color.
After reading a little, it turns out that the Indians had a different composition until 1864,
88% copper and 12% nickel,
the same as the Flying Eagles.
Part way through 1864 they changed to 95% copper and 5% tin/zinc alloy and not as thick.
2cents |
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alpha480v
New Member
USA
11 Posts |
Posted - 11/25/2007 : 14:07:59
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| Before I bought a digital scale I would only save 1981 or before. But there are alot of 1982 cents out there. I felt that I was throwing away money by returning the 1982's to the bank.I weigh the 1982 coppers with my digital scale. The copper cents are supposed to weigh 3.1 grams. The zinc cents are around 2.4 grams. Back to the bank they go. |
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glenn
Penny Sorter Member
35 Posts |
Posted - 01/20/2008 : 22:03:57
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We have all heard about the miser who hides their money in their mattress and lives as if they are in the throes of poverty when they are really quite wealthy. But do such people really exist? The truth is that they do certainly exist, and in fact, this behavior is often the result of mental illness.
Unfounded money paranoia and hoarding is a sign of Obsessive Compulsive Disorder. Often people affected by this disorder will hoard all types of things; rarely getting rid of anything. They may have several old automobiles that they do not use and have no intention of using, but keep them around because they are “Classics” This is true even if the cost of storing them is more than what they could reasonable expect to ever sale them for.
This is only the tip of the iceberg. These people are actually afraid to get rid of anything for it is in their head that someday they might need an item and will have to buy it if they have thrown it away. It is not uncommon for these people to be obsessive about keeping track of every penny spent, and become upset if they are responsible for one cent of interest on anything else which normal people deal with on an everyday basis but that this person considers, unnecessary.
Though it is wise for anyone to be pennywise and thrifty, especially in today’s world when fortunes can be gained and lost quickly if you are not careful, these people who are afflicted with money paranoia will actually make themselves sick worrying about where every penny is spent. The average person looking at one of these individuals would swear that they think they are going to take everything with them when they die.
So what are the signs of Obsessive Compulsive Disorder and Money Paranoia? You are someone you know may be afflicted with this illness if:
They keep just about everything they acquire, even if they haven’t used it for twenty years.
They have an obsession about going online to check their bank statements daily.
They are so worried about losing out on a dime that they will actually cheat close friends and relatives on financial deals.
It is minus 10 degrees outside and they insist on keeping the heat so low you can practically see your breath and it is much too cold to even bathe. They won’t allow the fireplace to be used because that will cost money in extra natural gas, or firewood.
They expect other members of the family to turn off the shower water while they are lathering up with soap and not to turn it on again until they are ready to rinse off. They have a parent that displayed similar behavior as they were growing up. This person will recognize this behavior in their parent, but not themselves. (Thanks Dad :aetsch: )
The difference between a person who is afflicted with mental illness and one who is just thrifty is the obsessive behavior and the fact that this behavior causes trouble and misery for themselves and those around them. |
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Art Tatum
Penny Collector Member
USA
399 Posts |
Posted - 01/26/2008 : 14:48:31
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Glen,
WE LOVE COPPER! DIG?
JUST A GUESS MANY OF US COMPULSIVELY WENT TO THE BANKS AS KIDS AND GOT ROLLS SO WE COULD EXTRACT THE WHEAT CENTS AND RE-ROLL AND DEPOSIT AND DO IT ALL OVER AGAIN!
ITS A MUCH CLEANER VICE THAN DRUG USE,MURDER OR HUMAN BLOOD DRINKING WOULDN'T YOU THINK. HECK, I COLLECTED COINS AND WAS ON THE VARSITY BASEBALL AND WRESTLING TEAM IN HIGH SCHOOL! HOW'S ABOUT YOU? |
my machine is running! |
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glenn
Penny Sorter Member
35 Posts |
Posted - 01/28/2008 : 02:41:56
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| I recently have become aware that in 1983 errors occurred when the mint accidentally used copper stock. So, there are apparently 1983 copper cents out there that may have a high collector value. Has anyone run into these that they are aware of, perhaps using the sorting machine? |
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fiatboy
Administrator
912 Posts |
Posted - 01/28/2008 : 17:11:45
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quote:
I recently have become aware that in 1983 errors occurred when the mint accidentally used copper stock. So, there are apparently 1983 copper cents out there that may have a high collector value. Has anyone run into these that they are aware of, perhaps using the sorting machine?
I double check every copper penny that gets sorted by my Ryedale, and so far, no copper '83s. I'd like to find one, but I'm not holding my breath. Finding one would be quite an event round these parts, that's for sure! I can't wait till somebody does find such an extremely rare penny. |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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Coin_Kitten
Penny Sorter Member
39 Posts |
Posted - 03/26/2008 : 23:13:28
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| wow that's certainly labor intensive. |
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MDCwinner08
New Member
Canada
3 Posts |
Posted - 01/04/2009 : 18:24:35
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New Percious Metals Market Watch
Can't these Spammers spell? "Percious Metals?" Are those even cheaper than base metals?
Spam removed by Administrator.  |
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zerocd
New Member
13 Posts |
Posted - 04/17/2009 : 04:14:35
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[quote]Originally posted by glenn
We have all heard about the miser who hides their money in their mattress and lives as if they are in the throes of poverty when they are really quite wealthy. But do such people really exist? The truth is that they do certainly exist, and in fact, this behavior is often the result of mental illness.
Unfounded money paranoia and hoarding is a sign of Obsessive Compulsive Disorder. Often people affected by this disorder will hoard all types of things; rarely getting rid of anything. They may have several old automobiles that they do not use and have no intention of using, but keep them around because they are “Classics” This is true even if the cost of storing them is more than what they could reasonable expect to ever sale them for.
This is only the tip of the iceberg. These people are actually afraid to get rid of anything for it is in their head that someday they might need an item and will have to buy it if they have thrown it away. It is not uncommon for these people to be obsessive about keeping track of every penny spent, and become upset if they are responsible for one cent of interest on anything else which normal people deal with on an everyday basis but that this person considers, unnecessary.
Though it is wise for anyone to be pennywise and thrifty, especially in today’s world when fortunes can be gained and lost quickly if you are not careful, these people who are afflicted with money paranoia will actually make themselves sick worrying about where every penny is spent. The average person looking at one of these individuals would swear that they think they are going to take everything with them when they die.
So what are the signs of Obsessive Compulsive Disorder and Money Paranoia? You are someone you know may be afflicted with this illness if:
They keep just about everything they acquire, even if they haven’t used it for twenty years.
They have an obsession about going online to check their bank statements daily.
They are so worried about losing out on a dime that they will actually cheat close friends and relatives on financial deals.
It is minus 10 degrees outside and they insist on keeping the heat so low you can practically see your breath and it is much too cold to even bathe. They won’t allow the fireplace to be used because that will cost money in extra natural gas, or firewood.
They expect other members of the family to turn off the shower water while they are lathering up with soap and not to turn it on again until they are ready to rinse off. They have a parent that displayed similar behavior as they were growing up. This person will recognize this behavior in their parent, but not themselves. (Thanks Dad :aetsch: )
The difference between a person who is afflicted with mental illness and one who is just thrifty is the obsessive behavior and the fact that this behavior causes trouble and misery for themselves and those around them.
[/quote
No, you don't say.....
No misery or trouble though. I'm an eccentric collector who channels his interests fiercely.
I live with three women who are 180 degrees opposed. Now that is mental illness.
0CD |
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Computer Jones
Penny Hoarding Member
USA
784 Posts |
Posted - 06/21/2009 : 22:42:07
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Hmmm...
Welcome to the forum.
Mental illness takes a long time to cure, stick with it.
You have to admit problems exists to solve them.
Looks like you might be there...
May you find many Coppers, and some Ag as well.
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There's profit if you melt things!!
8{> |
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dogman514
New Member
USA
1 Posts |
Posted - 06/22/2009 : 18:45:01
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i have a question about the Cents in the 2009 proof sets,they have a composition of 95% copper 3% zinc and 2% tin this is the same composition for Cents prior to 1981,and they were known as copper Cents.am i wrong calling these Proof Cents copper.
quote:
Originally posted by just carl
I'm not exactly sure of the purpose of this topic. Especially since statistics stated are not exactly correct. Not to contradict these statements but
1.Cents previously minted prior to 59 may go for 0.4 to .10 each, many in better conditions sell in the hundreds and even thousands.
Example a 15D Lincoln although common just can not be found in AU so the price is up to about $100 here
2.Cents dated 59 to 81 in EF and AU sell for dollars, not 1 cent. I'd like to see a 72DD go for $0.01 Also, some in the 60's and 70's are up there in value.
3.The 82 Cu plated Zn small date goes for about $10 to $20. Complete set of 7 1982's goes for well into the $50 range in AU to MS.
4.Again, many being sold for well into the hundreds.
I would suggest visiting a coin show, coin shop or just log on to coppercoins.com
Carl
Just thought I'd mention I go to about 2 to 4 coin shows a month. I visit several coin stores, coin counters in department stores and numerous dealers at flea markets. Example is today I just came back from a flea market and bought about 20 AU and MS 1943D Steel Lincoln Cents and a bargain at $0.30 each. At coin shows they go for about $2 to $5 each.
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Metal composition of US cents by year....
