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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
 Posted - 01/13/2010 : 11:20:28
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When was the first time the US cent reached or surpassed parity? When was the first time it doubled?
Thanks
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
 Posted - 01/13/2010 : 11:27:13
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I went to Coinflation and all I could find archived was some original articles written for their pages.
I think the person that is involved with Coinflation is a member on here so perhaps they would know how to retrieve the archived pages that show the value of the coins each day. I thought being able to research these would be the easiest way but someone else may know of another way to find this information.
Enjoy your coin searches, everyone.  |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/13/2010 : 11:56:11
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Here's a little history on the intrinsic value of the penny, nickel, and quarter.
You must be logged in to see this link.
154 new pennies make up a pound of copper. When did copper exceed $1.54 is the answer. May 16, 2005 |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Edited by - Country on 01/13/2010 12:19:19 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/13/2010 : 12:36:34
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| it happened in the early 80s, that's why they stopped making them of copper. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/13/2010 : 12:57:07
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quote:
Originally posted by Lemon Thrower
it happened in the early 80s, that's why they stopped making them of copper.
Nope...Never got above $1.50 until 2004.
The high for '80s was $1.44 on February 12, 1980. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Edited by - Country on 01/13/2010 13:00:35 |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 01/13/2010 : 12:59:49
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| More to the cost of making a penny then just the price of copper. It takes design, labor, equipment, distribution costs etc. |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/13/2010 : 13:06:13
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quote:
Originally posted by jadedragon
More to the cost of making a penny then just the price of copper. It takes design, labor, equipment, distribution costs etc.
Current production costs for Zincolns is 1.4c each |
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 01/13/2010 : 13:07:21
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quote:
Originally posted by Country
quote:
Originally posted by Lemon Thrower
it happened in the early 80s, that's why they stopped making them of copper.
Nope...Never got above $1.50 until 2004.
The high for '80s was $1.44 on February 12, 1980.
Where did you get these numbers from, Country? |
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Cerulean's Standing Offer: $3/lb shipped for foreign coins |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/13/2010 : 13:22:25
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quote:
Originally posted by Cerulean
quote:
Originally posted by Country
quote:
Originally posted by Lemon Thrower
it happened in the early 80s, that's why they stopped making them of copper.
Nope...Never got above $1.50 until 2004.
The high for '80s was $1.44 on February 12, 1980.
Where did you get these numbers from, Country?
It's in the Chicago Fed report I linked above. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/13/2010 : 16:20:05
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| Was 2x face only achieved very recently? |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/13/2010 : 16:40:27
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You must be logged in to see this link.http://www.bearishbull.com/wp-content/uploads/2009/09/Copper-Price.jpg&imgrefurl=http://www.bearishbull.com/&usg=__JBftCIbceqLYdbXnRzexaGBHIFM=&h=318&w=493&sz=30&hl=en&start=14&um=1&tbnid=WBeNU2HXQdr0SM:&tbnh=84&tbnw=130&prev=/images%3Fq%3Dcopper%2Bprices%2Bhistorical%2B30%2Byrs%26hl%3Den%26sa%3DN%26um%3D1
the entire thing above is the link to the graph with the last 30 years of copper prices.
at this link it has a graph that shows copper prices in the 80's not breaking past 1.55 $/lb. hope it helps uthminsta. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/13/2010 : 21:56:06
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I'm confused by that graph. It shows all years divisible by 5 twice. For example, it says 1987 1988 1989 1990 1990 1991 etc. What's that about? And it looks like it DID go a ways over $1.50 in 1988/89. It has stayed over parity since 2005, and it seems that 2005 or 2006 it reached 2x face, and has GENERALLY stayed close to or over that for most of the time since. I think that's the info I needed.
That seems like a pretty important question to me. I'm surprised more people didn't know the answer! |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/14/2010 : 05:45:42
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quote:
Originally posted by Country
quote:
Originally posted by Lemon Thrower
it happened in the early 80s, that's why they stopped making them of copper.
Nope...Never got above $1.50 until 2004.
The high for '80s was $1.44 on February 12, 1980.
you may be right. it certainly did get substantially above the metal value back then. it was more of a shortage of pennies, banks asking you to deposit them, etc. and then the price went down, and they took the copper out anyway, so sorting never got going until recently |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 01/14/2010 : 22:24:00
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quote:
Originally posted by Lemon Throwerit was more of a shortage of pennies, banks asking you to deposit them, etc.
Hey, I remember that! I was a wee lad, but I remember my parents' bank giving 10% over face value for all the pennies you brought in! I had totally forgotten that until I read what you said. Whoa. |
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Topic |
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First PARITY for cent?
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