Investing your coins?

[newprepper]

a penny is worth about 3 cents for the copper, that is if they are 1982 and older.

[moneyhoney]

1982 and older?!!

 

Copper cents were issued up to 1984...I dont have copper coins after 1983...

 

I thought that meant that the last year for copper coins was 1983.

 

I have some 1945 copper coins...and you are telling me, what are you saying?

[newprepper]

82-83 i forget. all I am saying is the copper value of them is about 3 cents, thats melt nothing more, not collector value

[moneyhoney]

hahahahahahahahah...

[moneyhoney]

Welll it looks like I am going to have to plan for a vacation to Canada and take along all these Canadian one cent. I am glad I kept them...have some of those too.

 

I dont see why the United States government dont allow the melting of copper coins. From what I read some of our other dominations contains more copper than present-day Lincoln cents.

 

Just saying...

 

 

[cpm9ball]

82-83 i forget. all I am saying is the copper value of them is about 3 cents, thats melt nothing more, not collector value

 

If you call a few reclamation centers, I think you will find that ANY copper that is alloyed with another metal is only worth about 25% of the price of Grade A copper. It takes 182 pre-1982 cents to equal one pound. One-fourth of the current price for Grade A copper ($3.68) is 92c. You would be losing 90c on each pound.

 

Chris

[Crohnos01]

Until copper takes its place as a true investment commodity and eclipses silver in value.... ...