Searched results a Box of Pennies(USA $25 ) penny picking

[FiresEye]

Todays finds are 10 wheats and over five dollars in copper pennies. I can do a whole box of pennies by hand in under an hour if I'm rushing. But that takes the fun away from "penny picking". As I've been to north Goergia, I know what it's like to "pick" a nice visible small flake of gold with a unique shape right from the river( most likely from gravel under bedrock, etc), so collecting copper pennies is a similar and still fun hobby.
Since each penny before 1982 is 95% copper, one cent is actually worth two.. How's that for my two cents. The way I see it is, it's less common knowledge, and most lack the patience or funds to search... But a roll of pennies to me is like a crevice in the bedrock... a little pocket full of unknown wonder and mineral value.
Let's just say I have a lot of leftover pennies that are 95% zinc.. Lots.. like fifty dollars worth.. Well, I take the hit, and pay 8% on a very fast penny counting machine, and that more than covers the price of the copper gained.

Good luck.. Can't wait to see a little river in North Georgia Again. Also, the bankers like me because I don't bring the pennies back.

 

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[drplaztics]

Uhhhh........Ummmmm,,,,,,,,,and your (possibly) stockpiling all these 95% copper pennies
in the hopes that some day someone will pay you a 'copper premium' on these pennies
and THEY will be the ones who will take the risk of breaking the law to melt them down??
GOOD LUCK ON GETTING MORE THAN FACE VALUE

 

[SirJoey]

Uhhhh........Ummmmm,,,,,,,,,and your (possibly) stockpiling all these 95% copper pennies
in the hopes that some day someone will pay you a 'copper premium' on these pennies
and THEY will be the ones who will take the risk of breaking the law to melt them down??
GOOD LUCK ON GETTING MORE THAN FACE VALUE

Thanx for bringin' that up, Doc. Precisely what I've been wondering for awhile now. Like, what's the point of hoarding all the coppers if U can't melt 'em down or ever get more than face value?

Anybody else wanna weigh in on this? I'd love to hear some opinions!
Enquiring minds wanna know...



The Lord Is My Shepherd!

 

[Diggin-N-Dumps]

Uhhhh........Ummmmm,,,,,,,,,and your (possibly) stockpiling all these 95% copper pennies
in the hopes that some day someone will pay you a 'copper premium' on these pennies
and THEY will be the ones who will take the risk of breaking the law to melt them down??
GOOD LUCK ON GETTING MORE THAN FACE VALUE

Thanx for bringin' that up, Doc. Precisely what I've been wondering for awhile now. Like, what's the point of hoarding all the coppers if U can't melt 'em down or ever get more than face value?

Anybody else wanna weigh in on this? I'd love to hear some opinions!
Enquiring minds wanna know...



The Lord Is My Shepherd!

Im sure not everyone plans on Melting these down..But they are worth keeping..i keep all my copper pennies because they dont make them anymore..just as silver coins of the past..And yes.. Many people sell them by the pound on ebay and others do buy them..When i save them i dont think of Melting them..Im sure years ago noone thought it made since to save silver.

And i think this post should be in the Coin Roll Hunting Section

 

[batcap]

It is not illegal to melt coins for their metal content, that includes pennies.

http://www.coinflation.com/is_it_illegal_to_melt_coins.html

Whoops! Sorry, I didn't read the update.

[size=12pt]It is illegal to melt your coins for metal content.[/size]

http://www.coinflation.com/turn_off_the_smelters.html

 

[mustang8780]

That law has been changed...its definitely illegal to melt US coins...specifically pennies and nickels.

 

[batcap]

That law has been changed...its definitely illegal to melt US coins...specifically pennies and nickels.

I was editing my post but you caught me.

 

[FiresEye]

That law has been changed...its definitely illegal to melt US coins...specifically pennies and nickels.

Thanks all for the input.
And YES it's illegal to melt them, nor did I ever plan to do so.

As someone stated, people sell copper pennies by the pound on ebay all the time.

Also, copper is constantly being used up, and the price to mine it goes up, as well as demand.. Thus, copper( along with other metals) in 100 years is going to be extremely valuable( compared to today, where it is still relatively common)



ALSO, what thief is going to rob a big box with 100 pounds of copper pennies in it ... I'd like to see some ransackers running off with enough pennies to justify it. THus, it's a somewhat safe investment.

ALSO.

You ccan make a simple battery to generate small electric current with a stack of copper pennies( 20 or so) vinegar and paper towels.. Enough electricity to light a bulb...
Imagine that.


ps- Soon, all the coppers will be gone from circulation.. just like silver.

 

[FiresEye]

That law has been changed...its definitely illegal to melt US coins...specifically pennies and nickels.

YEsh... WHy not make batteries instead FREE ENERGY

"The penny battery design consists of Canadian pennies from 1997-1999 as the zinc electrode and 1942-1996 pennies as the copper electrode. The 1997-1999 Canadian pennies can be replaced by American pennies from 1982-Present, while the 1942-1996 Canadian pennies can be replaced with 1944-1982 American pennies. Between the pennies are pieces of tissue or cloth soaked in lemon juice. One cell, that is one copper penny, one zinc core penny (copper coating having been removed from one side), and one layer of tissue soaked in lemon juice, will produce 0.8 V when the tissue has been recently moistened. When the tissue had been given a chance to dry, or the lemon juice has leaked out, the voltage may drop to 0.5-0.3 V. Multiple cells can be stacked one on top of the other to form a battery. For practical purposes, wax paper or cellophane is sometimes used to keep moisture out and to keep the lemon juice in. The wrap also helps to keep the cells in line. Penny and nickel rolls can be used to keep the cells in line, and also to ensure that the sides of the individual cells are not exposed to potential short circuits.[1]

[edit] Variations
The penny battery has different variations, which all operate at different levels of effectiveness. The zinc core pennies may be replaced with nickels, or other coinage, as long as they differ enough from the copper pennies. The lemon juice may be replaced with vinegar, or even salt water.[2]
"

 

[ANTIQUARIAN]

That law has been changed...its definitely illegal to melt US coins...specifically pennies and nickels.

Yes... Why not make batteries instead FREE ENERGY

"The penny battery design consists of Canadian pennies from 1997-1999 as the zinc electrode and 1942-1996 pennies as the copper electrode. The 1997-1999 Canadian pennies can be replaced by American pennies from 1982-Present, while the 1942-1996 Canadian pennies can be replaced with 1944-1982 American pennies. Between the pennies are pieces of tissue or cloth soaked in lemon juice. One cell, that is one copper penny, one zinc core penny (copper coating having been removed from one side), and one layer of tissue soaked in lemon juice, will produce 0.8 V when the tissue has been recently moistened. When the tissue had been given a chance to dry, or the lemon juice has leaked out, the voltage may drop to 0.5-0.3 V. Multiple cells can be stacked one on top of the other to form a battery. For practical purposes, wax paper or cellophane is sometimes used to keep moisture out and to keep the lemon juice in. The wrap also helps to keep the cells in line. Penny and nickel rolls can be used to keep the cells in line, and also to ensure that the sides of the individual cells are not exposed to potential short circuits.[1]

[edit] Variations
The penny battery has different variations, which all operate at different levels of effectiveness. The zinc core pennies may be replaced with nickels, or other coinage, as long as they differ enough from the copper pennies. The lemon juice may be replaced with vinegar, or even salt water.[2]

If I rub a 1999 Canadian Penny really fast on my arm and then touch my dogs rear end, she gets a shock. Does this mean that if I rub a whole roll of 1999 pennies on my thigh can I jump start a car battery with the touch of my hand?

WHAT ? ? ?

 

[zaxfire69]

A dumb question if you guys don't mind. How would folks know that you have melted down pennies? If you melt it, pour it into some sort of bars or discs how would the scrap metal folks know that they were pennies? In my town you always hear of folks stealing house wiring and burning the insulation off of the wire to get to the copper inside. These dumb folks around here will light a roll of wire on fire in the middle of the city..Fire Department is gonna come and investigate that big black column of smoke..Ya know.

 

[kakcsdad]

this post and replies are getting crazy!

 

[IWillFindTheGold]

As far as I'm aware, it is perfectly legal to melt Canadian coins in the U.S. and vice versa.

 

[SFBayArea]

As far as I'm aware, it is perfectly legal to melt Canadian coins in the U.S. and vice versa.

So, in that case.. people from Michigan can just buy a ryesdale and drive across the border. Wished I could do that but I don't live near the border.

 

[FiresEye]

this post and replies are getting crazy!

Of course, copper fever is almost like gold fever, because if you know where to look, there's tons of copper, for free. And I don't mean stealing it, OR tresspassing.. THese are big no-no's.

However, I'm sure the gov. could prove that the alloy of the melted copper was the exact formula of the penny blanks. However, this is unlikely..


MELTING PENNIES IS NOT SMART.... SInce they will keep going up in value, and are worth more as a coin with a GUARANTEED FACE VALUE(1cent), than a bullion bar.

The poolhouse got redone in my home area, and they threw out two old fan and 30 or so feet of nice thick aluminum gutter.
I got $3 for each fan motor and about $15 for the gutters..

Please don't burn plastic... unless you're really desperate and broke and um.. yeah. Because you might not be robbing abandon houses, but you're robbing the environment.

Be safe all.

-FiresEye

 

[FiresEye]

As far as I'm aware, it is perfectly legal to melt Canadian coins in the U.S. and vice versa.

Not sure this is true.


By the way, the penny battery is actually really cool, and in a pinch, it's amazing how you can hookup a bulb in the wilderness( like a flashlight bulb) on just a pocket of copper and zinc pennies, a packet of ketsup or hot sauce from the fast food and a napkin or two or any paper, newspaper, cloth, etc.

How's that for bill Nye the science guy.

 

[MUD(S.W.A.T)]

No doubt in time the Copper pennies will have a premium like wheats!

Keep @ It and HH !!

 

[chkn]

Well, at least they'll be worth something when paper money isn't. That's my feeling. I save the coppers too.

 

[IWillFindTheGold]

As far as I'm aware, it is perfectly legal to melt Canadian coins in the U.S. and vice versa.

Not sure this is true.

Like I said, as far as I am aware it is the case. Now, similar to silver, there is no point in even melting them down at this point. As a minted copper cent, people know the copper content, just as they know the silver content of ASEs. It's a known amount, issued by the government, as opposed to a melted-down coin minted into a round or bar, whereby who knows what purity you would get.

As far as when any ban on the melting of a copper cent or Canadian nickels goes, it will probably be something similar to silver. The ban will be lifted when the percentage of copper cents or nickels in circulation drops below something like 1% and it's no longer worthwhile for the government to continue withdrawing them from circulation themselves.

As an example, the Canadian government is currently in the middle of an Alloy Recovery Program (ARP) to get the pre-1982 99.9% Ni nickels out of circulation and back into their coffers. But that costs them time and money. Meanwhile, nickel prices are doing very well. The nickel spot peaked in 2007 but it's leveled off quite nicely now.

This fellow on ebay is asking $15.75 / lb for his nickels. (Spot is currently $9.50)

http://cgi.ebay.com/20-Pounds-Canad...584?pt=LH_DefaultDomain_0&hash=item45f4dfa7b0

Personally, I won't be selling any of mine any time soon. I'm looking for much, much more.

 

[Bumpstick]

how many nickels does it take to make a pound