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 Copper Penny Bullion Investing
 35.7% of rolls were copper
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PennySaved
1000+ Penny Miser Member


USA
1720 Posts

Posted - 08/21/2009 :  17:56:36  Show Profile Send PennySaved a Private Message
Recently, I stopped at a local bank and asked them to buy pennies. The teller only had $14 worth. I was kind of excited because the rolls appeared old (they were those bright pink rolls and were a little tattered)

I was kind of excited at 1st. Thinking I was going to hit the motherload of wheat pennies. However, in all of those rolls I only found 1 wheat penny. However, some of the rolls were 1/2 pre-1982. By the time I re-rolled the pennies, I had roughly $9 re-rolled meaning I had roughly $5 in pre-1982.

That means 35.7% of those pennies were copper; guess not too bad all things considered.

SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson

hobo finds
Penny Hoarding Member



838 Posts

Posted - 08/21/2009 :  18:21:25  Show Profile Send hobo finds a Private Message
did you re use the wrapper to pass along to the next guy?
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PennySaved
1000+ Penny Miser Member



USA
1720 Posts

Posted - 08/21/2009 :  18:25:41  Show Profile Send PennySaved a Private Message
No they were pretty bad so I used fresh brand new ones that the bank gives me :-)

SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson
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PennySaved
1000+ Penny Miser Member



USA
1720 Posts

Posted - 08/21/2009 :  18:27:33  Show Profile Send PennySaved a Private Message
Don't you think that was a pretty good %? I had to claim a minor victory although I didn't find many wheats

SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson
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lewbo
Penny Pincher Member



USA
221 Posts

Posted - 08/21/2009 :  19:05:00  Show Profile Send lewbo a Private Message
I think that is a great %!!! I am averaging around 20%.
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jonflyfish
Penny Hoarding Member



USA
693 Posts

Posted - 08/21/2009 :  19:51:28  Show Profile  Send jonflyfish a Yahoo! Message Send jonflyfish a Private Message
Ditto. That's great! Only 20% where I'm at as well

The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.
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PennySaved
1000+ Penny Miser Member



USA
1720 Posts

Posted - 08/24/2009 :  10:23:31  Show Profile Send PennySaved a Private Message
I had a really awesome weekend. I went into a branch I do not typically go into. I bought $50 face value.

I must have gotten some older person's change. I found one solid roll of BU 1963 pennies. 7 other rolls of solid copper pennies. One roll had 12 wheat pennies. Found 37 wheat pennies total. Also had 4 foreign coins - 1 Mexican 20 centavo, 1 British New Penny, 2 Pfenning German coin, and a Czech coin i think a 5 cent equivalent; also found 2 dimes (non-silver).

SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson
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PennySaved
1000+ Penny Miser Member



USA
1720 Posts

Posted - 08/24/2009 :  11:46:55  Show Profile Send PennySaved a Private Message
Never found so many wheats in one roll; waiting for my solid wheat roll but hasn't happened yet

SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson
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