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 Hoarding Copper Bullion Pennies
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cyberdan
Penny Pincher Member


USA
242 Posts
Posted - 09/12/2008 :  09:47:54  Show Profile Send cyberdan a Private Message  Reply with Quote
On another group someone posted that they heard this a a question answer on Jepardy.

In 2009 the U.S. mint will make pennies the old fashioned way out of 95% copper because of the 100th anniversary of the lincoln cent.

Any truth to this?

horgad
1000+ Penny Miser Member



USA
1349 Posts
Posted - 09/12/2008 :  09:59:54  Show Profile Send horgad a Private Message  Reply with Quote
It is true, but only special issues that you can buy from the mint. So don't expect to get any for face unless somebody accidently dumps a few into general circulation.
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HoardCopperByTheTon
Administrator



USA
3602 Posts
Posted - 09/12/2008 :  10:31:06  Show Profile Send HoardCopperByTheTon a Private Message  Reply with Quote
Yep, Just like those "90% Silver" coins they are currently minting.
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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pencilvanian
1000+ Penny Miser Member



2034 Posts
Posted - 09/12/2008 :  13:48:47  Show Profile Send pencilvanian a Private Message  Reply with Quote
Just remember that people sometimes do not so smart things, like break open an uncirculated set and spend the coins.
While the chance of a copper 2009 ending up in circulation is remote, it isn't impossible.
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SANITARIUM_INMATE
Penny Sorter Member



92 Posts
Posted - 09/12/2008 :  16:48:20  Show Profile Send SANITARIUM_INMATE a Private Message  Reply with Quote
Any ideas as to how much 1 copper penny would be from the mint or will they come in rolls? With their shipping price of $4.95 per order might be a bit much for 1 roll of pennies.
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SANITARIUM_INMATE
Penny Sorter Member



92 Posts
Posted - 09/12/2008 :  16:58:34  Show Profile Send SANITARIUM_INMATE a Private Message  Reply with Quote
Any ideas as to how much 1 copper penny would be from the mint or will they come in rolls? With their shipping price of $4.95 per order might be a bit much for 1 roll of pennies.
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DesertTumbleweed402
Penny Sorter Member



USA
86 Posts
Posted - 09/23/2008 :  21:51:51  Show Profile Send DesertTumbleweed402 a Private Message  Reply with Quote
It's a shame it won't be for general circulation. You could just buy boxes and boxes with no sorting involved!
I enjoy taking long walks off short piers.
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byro007
Penny Pincher Member



USA
216 Posts
Posted - 09/24/2008 :  06:34:44  Show Profile  Click to see byro007's MSN Messenger address  Send byro007 a Yahoo! Message Send byro007 a Private Message  Reply with Quote
That sure would be nice just to go out and buy a box of coppers for face but that wont happen. I just cant wait to see what some of the first boxes of the pennies bring on ebay
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moboman
1000+ Penny Miser Member



USA
1330 Posts
Posted - 09/24/2008 :  15:09:51  Show Profile Send moboman a Private Message  Reply with Quote
quote:
Originally posted by byro007

That sure would be nice just to go out and buy a box of coppers for face but that wont happen. I just cant wait to see what some of the first boxes of the pennies bring on ebay


I cant wait to get some! I want them now!

Copper ones would be nice, but I think it will be the zinc that will be worth the most. Made for general circulation, the first year of a design, could be the last year for the zinc cent...all these factors add up
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one!
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ceddy2
New Member



19 Posts
Posted - 09/25/2008 :  20:20:47  Show Profile Send ceddy2 a Private Message  Reply with Quote
I have never figured out how items that will be mass produced by the MILLIONS, including "last year" zinc coins, can ever have any sustained collectible value. They'll be like beanie babies: yesterday's rage & tomorow's garage sale cast offs.
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