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 Copper Penny Bullion Investing
 Yo Adrian, check out what's in the penny bag.
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n/a
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16 Posts

Posted - 10/27/2008 :  20:40:11  Show Profile Send n/a a Private Message
Got down to business today and sorted a $50 bag. Got about 30% copper, 19 wheats, some Canadians (including a King), and this dang Un Centesimo de Balboa from Panama. What's this hobby coming to. Better yet, what's my bank coming to?



Why can't I be like that guy who found the silver?

Edited by - n/a on 10/27/2008 20:43:19

n/a
deleted



146 Posts

Posted - 10/27/2008 :  20:44:02  Show Profile Send n/a a Private Message
I got one of those today too but I rerolled it and traded it in for some more rolls to sort. Neat coincidence though!
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cwgii
Penny Hoarding Member



USA
924 Posts

Posted - 10/27/2008 :  22:28:34  Show Profile Send cwgii a Private Message
mine was from panama. kept it , with the other 'oddities'.

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HoardCopperByTheTon
Administrator



USA
6807 Posts

Posted - 10/28/2008 :  01:13:17  Show Profile Send HoardCopperByTheTon a Private Message
I have several of those.. I always keep them.

If your percentages are low.. just sort more. If your percentages are high.. just sort more.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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jadedragon
Administrator



Canada
3788 Posts

Posted - 10/28/2008 :  01:20:20  Show Profile Send jadedragon a Private Message
Panama has always (since 1904) been a dollarized economy. They use US greenbacks bills, but issue thier own coins (as you have found). I've not been to Panama yet, but I understand that the coins are exactly the same size, composition, and value as the corresponding US issued coins. So if your Panama pennies are pre-1982 you found copper - otherwise you found zinc.

“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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n/a
deleted



146 Posts

Posted - 10/28/2008 :  06:46:27  Show Profile Send n/a a Private Message
Mine was post 1982 but that's good to know legacypac...if I see any pre 82 Panamanian coins in the future I guess I could keep them to trade to others here (is there really that much interest for the non US and Canadian coins?).

The way this country and its banks are going I'm not surprised to see all kinds of 'funny foreign' money in my rolls to sort.
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n/a
deleted

16 Posts

Posted - 10/28/2008 :  12:59:23  Show Profile Send n/a a Private Message
I'm surprised with all the Canadians I'm getting ... it's about the same rate as finding wheats. But how are they ending up in my rolls when everytime I try to pass one to them, they catch it and give it back? Another conspiracy.
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jadedragon
Administrator



Canada
3788 Posts

Posted - 10/28/2008 :  13:14:07  Show Profile Send jadedragon a Private Message
quote:
Originally posted by TonyD

I'm surprised with all the Canadians I'm getting ... it's about the same rate as finding wheats. But how are they ending up in my rolls when everytime I try to pass one to them, they catch it and give it back? Another conspiracy.



You answered your own question. If you try to spend a Canadian penny the clerk can see it. If you roll it up the bank can't see it.

All Canadian pennies up to 1996 are 98% copper (better then the 95% US Copper alloy). For me that means about 50% copper pennies near Vancouver. It is actually all the US zincs that drag my Cu percentages below 50% - but I sort those zincolns out and deposit them stateside for the 22% exchange rate bump, which at the moment makes them my most "profitable" finds.

Canadian coins are pretty too - I like having a live queen on the coin better then some long dead guy.

You can legally melt non-US coins in the US, so get enough and off to the smelter you go!

Also, as a currency play, the Canadian Dollar is weak at the moment, but Canada is not printing new money by the trillions to do bank and wall street bailouts. So longer term, Canadian dollars should go above the US dollar again.

Better copper yields, pretty coins, less then half the impurities, and meltability, and a fx currency play - finding Canadians is actually pretty good for you.

I would think that you could bundle up a bunch of international coins and sell them on eBay for more then a penny each. Or give them as a gift to a kid so they can start a coin collection. I like to see the huge variety I find, so I keep them all.

“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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gothboi30
Penny Collector Member



USA
286 Posts

Posted - 10/28/2008 :  19:28:22  Show Profile Send gothboi30 a Private Message
I have a 2006 Bahama penny and a 1999 UK penny (that I just found today!) if anyone wants them. I gave away my Philippine dime quite some time ago......
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moboman
1000+ Penny Miser Member



USA
2555 Posts

Posted - 10/29/2008 :  00:13:38  Show Profile Send moboman a Private Message
I cant stand that the same image queen is on every coin! I have coins from canada, great britain, and a few of the isles, and they all show the same image! I get tired of looking at the same thing. lol

"99% of all lawyers give the rest of them a bad name"


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JerrySpringer
Penny Hoarding Member



669 Posts

Posted - 10/29/2008 :  00:39:40  Show Profile Send JerrySpringer a Private Message
Got a silvery 1969 one-half Franc today in a penny CWR. I think it is near pure nickel. Also, I think it may be worth 11 cents. Sorted $57 in CWRs and got 20 wheats too. I am getting a little disenchanted w/ CWRs. I find better wheat percentages in the Brinks boxes. I had a zinc skunk box from months ago sitting around. Since I have access to a counter now, I figured it was time to open the plastic-wrapped rolls and see if any coppers got accidentally into the zincs. The pile of zincs I would just take to the bank coin-counter. I opened the plastic rolls and found 99% zinc Lincolns and ~1% non-copper Canadians and one 1911 Lincoln penny. I could only guess that the 1911 penny was so worn it slipped into the zinc rolls due to its underweight?

I am starting to accumulate Brinks boxes of pennies for the upcoming winter. Getting out will not be so easy when snow and ice limit road travel.
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Dan52
Penny Collector Member



USA
422 Posts

Posted - 10/29/2008 :  12:50:40  Show Profile Send Dan52 a Private Message
One of these days I am gonna have to post all these weird coins I have run across. I have one that was slipped into a roll of halves. Its got "UN PESO" on one side. One the other side it says Estados Unidos Mexicanos. Now I am smart enough to know that UN PESO means one peso. But the thing that confounds me is that this if the first coin that I haven't been able to pull up on the net. Its a silverish looking coin with some military guy with a scarf over his head. On the back there is an eagle with a snake in it's mouth. Anyone run across any of these?
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Cerulean
Penny Hoarding Member



USA
993 Posts

Posted - 10/29/2008 :  13:34:08  Show Profile Send Cerulean a Private Message
Dan52, did you find one of these:

You must be logged in to see this link.

It's Mexican. Effectively worthless today as it predates the revaluation of the peso in 1992 at 1:1000.

Sorting Map
2010 First Finds Contest
Are you a Buffalo Hunter?
Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
Cerulean's Standing Offer: $3/lb shipped for foreign coins
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Centsearcher
Penny Pincher Member



USA
107 Posts

Posted - 10/29/2008 :  14:13:57  Show Profile Send Centsearcher a Private Message
In my last sort, along with my normal haul of Canadians, I found a plastic play-money penny. Makes you wonder what kind of financial situation the spender was in...

--Misplaced Numismatist--

Democracy: The only system where any two idiots can out-vote a genius

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SANITARIUM_INMATE
Penny Pincher Member



211 Posts

Posted - 10/29/2008 :  15:00:09  Show Profile Send SANITARIUM_INMATE a Private Message
quote:
Originally posted by Cerulean

Dan52, did you find one of these:

You must be logged in to see this link.

It's Mexican. Effectively worthless today as it predates the revaluation of the peso in 1992 at 1:1000.


There is a nice double die recorded on this kind of coin on the coneca website.You must be logged in to see this link.
Check it out and see if you are a lucky winner.
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SANITARIUM_INMATE
Penny Pincher Member



211 Posts

Posted - 10/29/2008 :  15:01:43  Show Profile Send SANITARIUM_INMATE a Private Message
quote:
Originally posted by Cerulean

Dan52, did you find one of these:

You must be logged in to see this link.

It's Mexican. Effectively worthless today as it predates the revaluation of the peso in 1992 at 1:1000.


There is a nice double die recorded on this kind of coin on the coneca website.You must be logged in to see this link.
Check it out and see if you are a lucky winner.
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n/a
deleted

16 Posts

Posted - 10/29/2008 :  21:00:09  Show Profile Send n/a a Private Message
quote:
Originally posted by Centsearcher

In my last sort, along with my normal haul of Canadians, I found a plastic play-money penny. Makes you wonder what kind of financial situation the spender was in...



Best yet!!!

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