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sportsdude1325
New Member
USA
22 Posts |
 Posted - 01/19/2010 : 15:52:13
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Whats the best way to sell your copper pennies?- online, local scrapyard...I have no clue how you sell them. I know its still illegal to melt them till the price of copper rises more but anysuggestions?
^^^Its still illegal to melt right??
Thanks 
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My Penny sorter: http://www.youtube.com/watch?v=3MlXGWdyzPU (have not messed around with it and need new way to feed the coins - looking for ideas so post on video)
Last Update to Signature: August 15,2010 |
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toomuchcopper
Penny Collector Member
USA
406 Posts |
Posted - 01/19/2010 : 16:23:55
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sportsdude....are you the sportdude that had the video on you tube of the sorter you made?
yes illegal to melt the u.s. ones....you can advertise to sell right here, there are buyers here, depending on price. |
visit www.crazycoinguy.com
for information on how to sort, what to sort, and sorting equipment. We also sell copper pennies in bulk, and other coins. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/19/2010 : 16:33:31
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| You can sell them here or try ebay I don't think the scrapyard would buy them. |
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sportsdude1325
New Member
USA
22 Posts |
Posted - 01/19/2010 : 17:30:25
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Yeah thats me, haven't been on in forever (only less than 20 posts for a reason).
~I didn't think a scrapyard would buy copper pennies but needed examples, I almost posted "Should I sell my old pennies to the little kid next door and tell him there from when the dinosaurs roadmed the earth...? And ask him for a stupid small coin like a dime..." thats a little off topic tho and might not make sense to others.
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My Penny sorter: http://www.youtube.com/watch?v=3MlXGWdyzPU (have not messed around with it and need new way to feed the coins - looking for ideas so post on video)
Last Update to Signature: August 15,2010 |
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pennywise
New Member
USA
23 Posts |
Posted - 01/19/2010 : 22:17:33
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| I wonder too about how long it is going to take to develop a market for pennies. I think a lot of it depends on how long the melt ban lasts. Since I started sorting the other week, I have maybe 20 lbs of coppers, but then I ask myself, "who the heck would want to buy these?" I understand its more of a long term thing, but what if I move out of state in the next year or two?? Doh! I really don't want to have to move pound after pound of copper. I suppose I could always sell them really cheap to yous guys! |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/19/2010 : 23:10:39
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I sell copper pennies all the time. People buy them for the same reasons they buy silver coins for 13X face value. They know the copper value makes them worth more than 1 cent.
You could just not sort, wait 10 years when copper prices make them 5X face and not be able to find any. |
You don't have to be the BEST you just have to be.......SLICK
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smalltimeopn
Penny Sorter Member
USA
54 Posts |
Posted - 01/20/2010 : 20:20:19
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I'm gonna post this again becasue the one from this morning I sent seems to stuck in digital neverland...
I think a cu penny is a great investment. You just have to have alot of them to amount to anything. Even if the market price of copper drops, it's still worth a penny. Can we say the same for our real estate or 401K's??? |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/20/2010 : 21:19:43
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I did not enjoy looking at my 401K about a year ago. It had lost about 30 percent of its value. I have seen co-workers delay retirement due to their 401K's losing so much.
The pennies I have sorted will never show me a negative return. |
You don't have to be the BEST you just have to be.......SLICK
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Whats the best way to sell your copper pennies?
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