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jtm3
Penny Collector Member
USA
398 Posts |
 Posted - 07/19/2009 : 21:06:30
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Poll Question:
I am interested in seeing how many people are hoarding the zinc pennies, since they are nearly pure zinc, for a hedge against inflation or an investment.
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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 10/31/2009 21:15:23 |
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theo
Penny Collector Member
USA
327 Posts |
Posted - 07/19/2009 : 22:02:59
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| I keep what I call "shiny zincs" (AU condition or better), especially the older ones. Since zincs wear pretty quickly well-conditioned examples may be in short supply some day. I only have about $30 worth. I can always throw them back if I really need the money. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
1594 Posts |
Posted - 07/19/2009 : 22:08:14
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| Haha zinc as an investment? Maybe if you're a big player in the day trade. But you don't have enough room in your garage to make a buck |
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Bluegill
1000+ Penny Miser Member
USA
1479 Posts |
Posted - 07/19/2009 : 22:10:40
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I too am keeping the older AU specimens. If the time comes where hoarding Zn becomes prudent, there will be plenty of them at the banks. 
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Edited by - Bluegill on 07/19/2009 22:11:12 |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 07/19/2009 : 22:39:55
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No - but they are not junk. Horgad had a great idea a few years ago......if our 95% Cu will only ever get us #2 copper scrap prices.....why not junk it down with zinc pennies to the limit of #2 grade.
Right now....turning zinc back into cash to hoard more copper. |
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daviscfad
1000+ Penny Miser Member
USA
1300 Posts |
Posted - 07/20/2009 : 00:22:53
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| i only keep the AU-"BU" zincers |
Inquiring minds want to know |
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buyingsilvers
Penny Collector Member
437 Posts |
Posted - 07/20/2009 : 00:35:06
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| not me. $1000 brass (copper/zinc) > $200 copper, $800 zinc. |
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Mikep2020
Penny Pincher Member
USA
205 Posts |
Posted - 07/20/2009 : 09:06:24
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| When I first started sorting, I kept all the AU/BU Zincolns I ran across, but the pile was getting to big so I re-sorted the zincolns and only kept the best 50 coins from each year and mintmark. So now I have a perfect AU/BU set of Zincoln rolls from 83'-08'. Nowadays, I only keep any BU P-mint Zinc 82's I run across, and most if not all the D-mint 82's since I don't quite yet have a complete roll of 82' D-mint Zinc Small dates. The 1982 D-mint Zinc Large date is another very rare coin in my neck of the woods, and i've only found 9 of these in the 75K+ i've sorted so far, so I keep all of these no matter the condition. |
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dakota1955
Penny Hoarding Member
800 Posts |
Posted - 07/20/2009 : 18:00:10
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| To me it is not worth time time or money. You will never get to a ton of coppers if you save the zinc ones. |
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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 07/20/2009 : 18:05:04
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You could always buy the 10 ton lot of coppers from pennybullion.com
Only $46,950.00 |
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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PreservingThePast
Penny Hoarding Member
USA
697 Posts |
Posted - 07/20/2009 : 18:59:25
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I love the wheat cents and those, as we know, are copper.
The two years that I am saving for the birth year coin project are zinc years.
So, there you go...my plan for enjoyment. 
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PennehChaos.
Penny Collector Member
USA
267 Posts |
Posted - 07/23/2009 : 14:21:49
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| It's my understanding that zinc only really has scrap value in a fairly pure form. Being coated with a "stronger" metal makes it prohibitively difficult/expensive to extract from pennies. Numismatically, AFAIK every Zincoln was made in quantities of a Billion plus. I turn 'em in and buy more to sort. If i were to buy anything to diversify/hoard without sorting, it'd be nickels. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 07/24/2009 : 13:31:18
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Couldn't you file of the copper and have pure zinc rounds though?
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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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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 07/24/2009 : 13:35:37
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quote:
Originally posted by c140cessna
No - but they are not junk. Horgad had a great idea a few years ago......if our 95% Cu will only ever get us #2 copper scrap prices.....why not junk it down with zinc pennies to the limit of #2 grade.
Right now....turning zinc back into cash to hoard more copper.
I wouldn't want to do that on a large scale though.We might end up junking down the price they're willing to pay for #2 grade copper.
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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 10/28/2009 21:33:19 |
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2old
Penny Pincher Member
136 Posts |
Posted - 10/29/2009 : 08:58:53
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| I keep the AU/BU Zincolns. I think numismatics will continue to be a popular hobby and there will be few good specimens of these Zincolns due to the breakdown of the copper coating. I have placed a limit on myself of $300.00 worth of these though. That would be 12 Brinks boxes filled with loose coins. So far I have about 2 1/2. As far as stashing them for zinc value. Nah. I would rather store palladium. It takes up less room and has a brighter future. IMHO. |
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vrbsroma
Penny Collector Member
354 Posts |
Posted - 10/31/2009 : 18:49:15
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| I thought the point of sorting coppers was to AVOID the ZINC?!?! |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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HoardCopperByTheTon
Administrator
USA
5238 Posts |
Posted - 10/31/2009 : 21:27:23
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While I will admit to having a bigger zinc hoard than many here.. it is not kept as a zinc investment. The zinc hoard is made up of 2 parts.. the zincs I haven't returned to the bank yet, and the many boxes of BU shiny zincs that I actively market.
Look at it this way. Each of us only has so much capital to use for our penny hoard. Would you rather have that hoard of pennies be all zinc, or all copper? If any of it is zinc, then you can return that to the bank in exchange for a box that still contains 70-80% zinc and 20-30% copper. Isn't that a better mix than a 100% zinc box? You just keep repeating this process until your hoard is all copper. Of course you will always have plenty of zinc on hand since about 80% of your unsorted pennies will be zinc. |
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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jtm3
Penny Collector Member
USA
398 Posts |
Posted - 11/25/2009 : 20:36:46
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[sigh] I guess.
But how about when they change the composition? |
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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misteroman
Moderator
USA
1993 Posts |
Posted - 11/25/2009 : 22:09:18
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| I think anyone that hoards the Zinks are crazy. Take 4rolls of Zinks and get a roll of Nickels and put them away instead. WAAAAAAAAAYYYYY better investment IMO |
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slickeast
1000+ Penny Miser Member
USA
1356 Posts |
Posted - 11/26/2009 : 01:50:33
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I see no reason to hoard circulated zinc right now. I do have a not of boxes of zinc, but they are BU boxes from different years. Right now the only way to make a profit on zincs is to sell BU boxes.
My hoard of circulated zincs is in the back of the van ready to go back to the bank so I can get more mixed bags/ boxes.
Actually, if you do find a box of BU ZINCS, you can get more for them then a box of copper. |
You don't have to be the BEST you just have to be.......SLICK
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Topic |
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Keeping the "Zincolns"?
