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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 03/05/2009 : 09:18:56
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Do you save British pennies? Or what? Is there anything in circulation in the UK that has decent instrinsic metal value?
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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4 Posts |
Posted - 03/05/2009 : 12:11:05
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Hi AGgressive, I'm from England and I've been saving pennies since I discovered the old ones were worth more than face value. I'm also new to this forum so hello to anyone who's reading.
The current British penny and 2 pence coins are made from copper plated steel, but prior to 1992 they were made from 97% copper. I've been saving and sorting by hand for a few months now, but I haven't made any special trips to the bank to acquire pennies (yet!). There is one benefit to the copper-plated steel pennies - they're magnetic, which makes sorting them by hand a lot easier! |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 03/05/2009 : 12:26:53
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| Welcome to the forum from across the pond! It would be interesting when you do finally go to the bank to check to see the percentages of how many would be copper and how many might be copper plated. |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/05/2009 : 13:05:44
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| Depending on where you get them from around 30% copper for 2p coins and 18-22% on 1p coins, the only benefit of the 1p coins is you find a lot more interesting find like foreign coins etc in them, I've got several euros worth of 2 and 5 euro cent coins from them and a few other foreign coins and old British farthings etc. At the moment copper coins are worth under face value I believe but if copper shoots up again they will be worth a lot more. At the moment I'm concentrating on buying up old British silver off people that have old coin collections and buying up foreign silver off the European eBay sites. But got about £800 in copper coins sat in my room |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/05/2009 : 13:11:56
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| Just done a quick calculation think they are back to Face Value now. Or maybe just over |
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4 Posts |
Posted - 03/05/2009 : 16:02:26
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I think the pennies are pretty much equal to cents in terms of metal value right now (I wish coinflation had a section for British coins!), ie, just slightly over face, but they were well over face when copper hit it's high. I think copper will go back up sooner or later but saving pennies is just a casual thing for me. I'm mainly buying silver too - junk mostly cos it's the only affordable silver you can buy in the UK thanks to the VAT and big premiums!
I don't get too excited about finding euros cos they're made of steel too! Just think - the euro was a debased currency right from the start! Though I suppose you could argue you're gaining some face value when you find a 2 or a 5. |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/05/2009 : 18:53:12
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| yeah i save the euro cents for FV. What silver are you buying debase_this? old pre 1920 UK stuff or pre 47 uk stuff or US or world coins? |
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4 Posts |
Posted - 03/06/2009 : 05:04:11
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| I don't bother with 50% silver, just pre 1920 British coins and US 90%. I'd like to buy more world coins because I expect they'd be good value but it's difficult to find the information on silver content. I've bought a few silver francs but that's all. Dimes are good value. I've bought a lot of those. I like Florins too. They're a good size and are almost exactly 1/3 of an ounce. But they're hard to come by. It's certainly a challenge trying to buy junk silver at a fair price in the UK. |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/06/2009 : 06:02:30
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| Hi, try eBay.fr the French eBay, there's loads of silver francs on there for cheap |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 03/06/2009 : 15:01:18
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| Thanks. I have a small stack of British pennies and British silver myself. There is little interest in the US in foreign coins aside from bullion and colonial-era coins (Spanish coins circulated widely in the US in the 1700s). That means I can usually get them at good prices. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/06/2009 : 17:37:20
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| To be honest all silver sells in the UK, as I always say silver is silver. |
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keys
Penny Collector Member
383 Posts |
Posted - 03/07/2009 : 21:41:00
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quote:
Originally posted by debase_this
I'd like to buy more world coins because I expect they'd be good value but it's difficult to find the information on silver content.
You may want to check out this forum post Silver of the 2oth Century.
You must be logged in to see this link.
It lists many of the European Silver coins minted.
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I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/08/2009 : 17:53:20
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| LOL that's my thread so I've seen all that thanks, already printed it off for reference |
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4 Posts |
Posted - 03/09/2009 : 04:51:40
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| Thanks for the tip Somnophore. I just wish I knew french! And thanks for the link, keys. That's just what I've been looking for! |
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Somnophore
Penny Pincher Member
United Kingdom
161 Posts |
Posted - 03/09/2009 : 10:21:55
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| You don't need to know French, use freetranslation.com, and pull up a uk and French eBay page and all the menus are the same, just search for listings available to the UK "disponsible a royoume uni". Pm me if you want any tips and I'll help you. |
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Question for Sophomore/Brits
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