is it worth it?

[millerb91]

Is it worth keeping copper pants? If so why?

 

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[millerb91]

Pennys

 

[gleaner1]

Nobody, and I mean NOBODY, will ever profit from hoarding modern US copper (cents) and/or clad coinage. Just think of the logistics! And the toll it will take on you and your family! Think about that. Put that in your pipe and puff on it for a spell. How much is a dump truck load of copper pants pennys worth now, and in fifty years, and how pray tell will you ever get that many pants?

 

[Keppy]

New name for pennys.. no saving pants is not a good idea....

 

[lastleg]

I used to buy pants at Pennys.

 

[Red James Cash]

Saving pennies,pre 82s doesnt hurt me in the least financially.Throw them in a jar at the end of the day,no biggy.I probably have roughly 45 pounds of them.

 

[Keppy]

Saving pennies,pre 82s doesnt hurt me in the least financially.Throw them in a jar at the end of the day,no biggy.I probably have roughly 45 pounds of them.

Well copper is about $4.00 a lb give or take so 45 lb.'s would be around $180.00.....That's not bad....That is what it had on google for copper but is that coin ,pipe , wire, I do not know.....the have different prices for different type of copper....They have some at $4.00 a lb and some at .50 cents a lb ..But what is what i don't know..

 

[SilverHoarder07]

Nobody, and I mean NOBODY, will ever profit from hoarding modern US copper (cents) and/or clad coinage. Just think of the logistics! And the toll it will take on you and your family! Think about that. Put that in your pipe and puff on it for a spell. How much is a dump truck load of copper pants pennys worth now, and in fifty years, and how pray tell will you ever get that many pants?

I'm not entirely sure if this quote is meant to be literal or sarcasm.

Check the Coin Roll Hunting forum for loads more info but here is what I can tell you.

Pre 1982 (and some 1982) pennies in the United States are 95% Copper and 5% Zinc putting each one at a value of 2.4 cents in metal content. Pennies 1983-Current are 95% Zinc with 5% copper coating.

$100 FV of the pre 82 pennies at todays price of $3.63 per pound of copper is worth around $240 in metal content. Currently it is illegal to melt pennies but you can still sell them for a premium on ebay. My typical lot of $100 FV yields me a profit of 40-50 dollars after factoring ebay, paypal and shipping fees. Check it for yourself!

check value of coin metal content at Current Melt Value Of Coins - How Much Is Your Coin Worth?

Also there are mechanical ways to sort massive amounts of copper vs zinc pennies such as the Ryedale sorting machine which can also do dimes.

 

[gleaner1]

I understand you can make a profit. I am trying to say it wont be easy, and it wont be much. Fifty bucks profit on a hundred bucks copper cents sounds good, and it is. Doing some math, a hundred bucks (ten thousand copper cents) is big bucket of cents that weighs seventy pounds. There are 145 copper cents per pound. If you have a ton of copper cents, that's 2000 lbs x 145 = 290,000 cents, which is $2900 bucks FV. Not much. So, if you can net profit say 45 points on the dollar after costs, you can profit $1305 on a ton of copper cents. I would not do this even if somebody dumped a ton of the things in my front lawn. I would put an ad on CL "One ton of cents, you haul away. $2900 OBO".

 

[surf]

If I had copper pants, I'd save em for special occasions.

 

[Stormrider51]

I sort through my coins at the end of a hunt regardless. All Wheaties are treated as collectible. Lincoln Memorial copper cents from before 1983 are sorted into another pile and also saved. Zinc corroders are sorted based on how much of them is left and whether I can get the bank to take them in exchange for money in better condition. Metal detecting is a hobby I have enjoyed since the 1970's. I never figured to make a living at it but it did help pay for milk for my children and once paid the rent on the house when I was out of work. While I would like to say that I've made a fortune finding old silver and gold coins the truth is that it's modern clad that pays for the batteries in the detector from month to month. I don't care. It's all money. So yes, I clean those coppers and hang on to them. They will never be worth less than a penny and likely will increase in value.

Storm

 

[Number9]

Now let an old man tell you the real worth of that copper cent...
it's called "experience"... and it's value is worth a lot more over time!

 

[gleaner1]

The copper cent is so worthless that if somebody dumped a fifty five gallon drum full of them in my lawn I would have them arrested for littering.