Cresencio Posted November 15, 2020 Share Posted November 15, 2020 Hi Guys, I have 1969-s penny Just want to ask if this has value or still face value? Link to comment Share on other sites More sharing options...
JKK Posted November 15, 2020 Share Posted November 15, 2020 Unless Cu has fallen off the price table, it's worth a little more than a penny for the metal value. Link to comment Share on other sites More sharing options...
scopru Posted November 16, 2020 Share Posted November 16, 2020 Unless you need this for a hole filler it would be a spender for me. Link to comment Share on other sites More sharing options...
Moxie15 Posted November 16, 2020 Share Posted November 16, 2020 On 11/15/2020 at 2:50 AM, JKK said: Unless Cu has fallen off the price table, it's worth a little more than a penny for the metal value. just where in the USA would one sell this for its metal content? Link to comment Share on other sites More sharing options...
JKK Posted November 16, 2020 Share Posted November 16, 2020 1 minute ago, Moxie15 said: just where in the USA would one sell this for its metal content? There's a local (Portland) place that buys bulk copper pennies. The contents of their kick-out bin are often foreign, and they assemble those into albums and sell them at local coin shows. I usually stop by their booth. Link to comment Share on other sites More sharing options...
Cresencio Posted November 16, 2020 Author Share Posted November 16, 2020 I actually have tones im collecting since l was young, but do know how much their value from 1960's- 2017 Link to comment Share on other sites More sharing options...
VKurtB Posted November 16, 2020 Share Posted November 16, 2020 1 minute ago, Cresencio said: I actually have tones im collecting since l was young, but do know how much their value from 1960's- 2017 Not much. Link to comment Share on other sites More sharing options...
Moxie15 Posted November 16, 2020 Share Posted November 16, 2020 Selling more than $4 for the metal content is a federal offence US cents are bronze and not copper, so you would only get the 'red brass' price (1.45 per pound at close today) These two facts leave me wondering about the business buying them Link to comment Share on other sites More sharing options...
JKK Posted November 17, 2020 Share Posted November 17, 2020 1 hour ago, Moxie15 said: Selling more than $4 for the metal content is a federal offence US cents are bronze and not copper, so you would only get the 'red brass' price (1.45 per pound at close today) These two facts leave me wondering about the business buying them Maybe so. I've never visited their operation, just talked with their representatives at shows. Link to comment Share on other sites More sharing options...
Conder101 Posted November 17, 2020 Share Posted November 17, 2020 12 hours ago, Moxie15 said: Selling more than $4 for the metal content is a federal offence Nope. Taking more than $5 out of the country is illegal though. You can buy and sell them for the metal value all you want. You just can't melt them down. And if you can't melt them, you can't really use the metal for anything making them an albatross. Link to comment Share on other sites More sharing options...
Moxie15 Posted November 17, 2020 Share Posted November 17, 2020 (edited) 1 hour ago, Conder101 said: Nope. Taking more than $5 out of the country is illegal though. You can buy and sell them for the metal value all you want. You just can't melt them down. And if you can't melt them, you can't really use the metal for anything making them an albatross. As a former scrap seller there is no difference from what I said and what you said. You can buy and sell cents at any price you want but there is no logic in buying at scrap metal value if you cannot scrap them. That is why I wonder about the company mentioned. Every scrap buyer I have dealt with would not touch them. Likewise the precious metal dealers would not buy them, coin dealers would not buy memorial backs, so why buy them? I suppose if you buy them from someone, melt them down, then bring them to a metals buyer you could do it. But I expect you would operate at a loss. Edited November 17, 2020 by Moxie15 edited to add Link to comment Share on other sites More sharing options...
