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gollum40
Penny Sorter Member
USA
26 Posts |
 Posted - 04/15/2010 : 10:02:20
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Does anyone actually keep and store their separated zinc pennies?
They're 3rd in line (after copper pennies and nickels) in terms of percentage of face value, something like 60% of face. Advantage is saving the whole hassle of dumping, obvious disadvantage is more storage space required and more money to spendon boxes.
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Now selling Zinc pennies 1.0000 X FV :) |
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PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 04/15/2010 : 10:08:34
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quote:
Originally posted by gollum40
Does anyone actually keep and store their separated zinc pennies?
They're 3rd in line (after copper pennies and nickels) in terms of percentage of face value, something like 60% of face. Advantage is saving the whole hassle of dumping, obvious disadvantage is more storage space required and more money to spendon boxes.
YES, I keep the 1985, the 1987 and the 2009 pennies (all coins from 2009). These aren't being kept for any intrinsic value or numismatic value. Just being sorted out and kept as a thoughtful, loving gift from the heart for my son and his wife. That's their birth years and the year they married.
Enjoy your coin searches, everyone.  |
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harley1
Penny Pincher Member
140 Posts |
Posted - 04/15/2010 : 10:16:00
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| for what its worth i keep all 2009 out as well and have been rolling them seperately.even though they are not uncirculated they are as close to it as you can get at this point in time and i feel my kids and grandkids will be very happy what they will be worth in the future.as you may well know,so far the LP3 and LP1 far out number the LP2 and LP4 |
Today is the tomorrow we worried about yesterday. |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 04/15/2010 : 10:20:31
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| I do save 2009 zincs also, I keep an open shotgun roll wrapper on the workbench for each design. As I fill one I tuck it away and start a new one. I agree that LP-3 is the most common. |
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3 Blue Stars
Penny Sorter Member
USA
76 Posts |
Posted - 04/15/2010 : 12:48:59
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| Nope. If it's 83 or after, awaying it goes. |
You're kidding, right? |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 04/15/2010 : 14:17:01
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If you don't need the money to reinvest than it might be better to have some form of coinage in your physical possession versus digits on some computer. People will always recognize change and if you start to get short you could always cash some in.
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 04/15/2010 : 16:22:39
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There's nothing wrong with keeping zinc... if you have that much money that you can afford to tie it up. If, as I suspect, we have a bad bout of hyperinflation in the next few years, even the zinc pennies will be worth three or four cents apiece. However, the same investment in copper, nickel, silver or gold would likely provide a better return. That said... there is a fair chance that the dollar could get devalued and a new fiat currency brought in to replace it. If, for instance, they replaced the dollar with the Amero... and it took five "old" dollars to buy one "new" one, it is extremely unlikely that they would devalue the existing coins by the same ratio. They would leave them as having the same fractional worth of the new dollar as they did of the old. So... if a devaluation of five to one does take place someday, then your coins just became worth five times what they were worth the day before. Think it can't happen? Look at North Korea... 99 to one devaluation. I keep little money in the banks, just enough to pay bills. What I keep outside is mostly in coins, just on the off chance this scenario plays out.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 04/15/2010 : 19:01:40
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I used to keep the 2009 LP1s, PL2s and LP3s, but since I have enough of those I've begun throwing them back. I'm still keeping the LP4s, but eventually I'll throw those back too. I also keep any AU pennies before 2000.
I don't envision myself keeping zincs en mass until the copper pennies are pretty much gone. Would we bother saving copper pennies and nickels if there were still large numbers of silver dimes, quarters and halves in circulation? |
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HoardZincByTheTon
New Member
7 Posts |
Posted - 04/18/2010 : 12:21:38
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| I keep the shiny ones. The new zincs consistantly sell for more than the coppers you guys are hoarding. |
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milomorai
New Member
USA
7 Posts |
Posted - 04/20/2010 : 20:37:03
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I also save the 1982 to 2009 zinc's in Au or better some actually look unc. and saving all 2009's, I'm a small time hand sorter so I only have about 4 rolls of 2009's and haven't sorted them by types yet.
went to a small coin show recently one guy was (Trying to sell)unc.zincs for for some ridiculous price. |
Edited by - milomorai on 04/21/2010 19:25:53 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/20/2010 : 20:49:24
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| I remember when the zinc cent's melt value went over 100% of its face value. It didn't last long though. But some say we are running low on zinc too. |
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Think positive. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 04/20/2010 : 21:28:16
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| you get a better return on copper for now. zinc maybe in a number of years. |
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keeping zinc pennies
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