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 Copper Penny Bullion Investing
 Where to store copper pennies vs zink pennies?
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sportsdude1325
New Member


USA
22 Posts

Posted - 12/30/2008 :  20:04:43  Show Profile Send sportsdude1325 a Private Message
I am pretty new to hoarding pennies and want to know do you still keep your zink pennies? Or do you go to the bank and cash them in?

Also where do you store your copper pennies and if you do keep your zink pennies where do they go?

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

NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 12/30/2008 :  20:33:18  Show Profile Send NotABigDeal a Private Message
Zincs, back to the bank(s), usually as soon as possible as that is more penny money tied up. Coppers stay at home with me.

Deal

Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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Mikep2020
Penny Collector Member



USA
402 Posts

Posted - 12/31/2008 :  08:17:28  Show Profile Send Mikep2020 a Private Message
I changed my approach to Zinc, at first I was cashing them all in, then I started keeping all 82' Zincs in good shape, especially the small date D mint, (did you know there are 7 different varieties of the 82 penny?) then I started keeping really shinny zincs in great shape from 83 - 2008's. Once I get a roll or two of each year and each mint, I will start cashing all Zincs in again. I even separate out shinny coppers and S-mints from the copper pile to keep in a separate container and re-roll the junk coppers and fill up $25 boxes and keep them on a storage shelf in a cool dry basement.
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Corsair
Penny Hoarding Member



811 Posts

Posted - 12/31/2008 :  11:10:55  Show Profile  Send Corsair a Yahoo! Message Send Corsair a Private Message
I cash back in the zincs, try to get them in as soon as possible. The coppers I re-roll and put them in plastic shoeboxes from Dollar General.

So long, Realcent 1. Come visit us at Realcent.org!
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n/a
deleted



51 Posts

Posted - 12/31/2008 :  11:31:46  Show Profile Send n/a a Private Message
I've been putting copper in coffee cans or any plastic container I can reuse then store in the basement. I save good condition zincs in a box for now. the rest of the zincs back to the bank asap.
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NotABigDeal
1000+ Penny Miser Member



USA
3890 Posts

Posted - 12/31/2008 :  12:16:02  Show Profile Send NotABigDeal a Private Message
quote:
Originally posted by Mikep2020

I changed my approach to Zinc, at first I was cashing them all in, then I started keeping all 82' Zincs in good shape, especially the small date D mint, (did you know there are 7 different varieties of the 82 penny?) then I started keeping really shinny zincs in great shape from 83 - 2008's. Once I get a roll or two of each year and each mint, I will start cashing all Zincs in again. I even separate out shinny coppers and S-mints from the copper pile to keep in a separate container and re-roll the junk coppers and fill up $25 boxes and keep them on a storage shelf in a cool dry basement.


Actually there are eight. Cu: '82 Lg. date, '82 Sm. date, '82D Lg. date, '82S. Zn: '82 Lg. date, '82 Sm. date, '82D Lg. date, '82D Sm. date.

Deal

Live free or die.
Plain and simple.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams
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Computer Jones
1000+ Penny Miser Member



USA
1112 Posts

Posted - 12/31/2008 :  23:36:01  Show Profile Send Computer Jones a Private Message
I wonder if an entire eight piece '82 collection would do any good on EBay?
I've had fun putting them together, I'm hoping the next generation (or the one after) might realize a numismatic premium from my efforts.

There's profit if you melt things!!
8{>
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