I started saving cents from my change when they switched to the zinc cents in 1982 and have about 6 coffee cans full of copper ones in the garage. I put the 1982s in their own can for sorting later. I already separated the wheat backs as I got them, but probably less than 100.
@@susanrednour1605 I have several rolls of wheats besides the hundred or so that I got from my change. The cans weigh about 20# each, so that should be 120# of Memorial back Lincoln cents in 3# coffee cans, plus another 1# can full.
I have a few rolls of copper pennies stashed away. I also have some .999 coper bullion and coins. They are cheap, but to me, polished copper is beautiful!
Half the 1982 pennies you find are still copper. The way to easily find out if it is good or not is to gently touch them on a grinding wheel (right on the edge). You'll know immediately of it' a copper or zinc penny and you'll barely damage the coin....especially if all you want to know is if it is copper or not. I've got LOTS of them. You can then send your slightly damaged zinc pennies back to the bank inorder to buy another box. Been doing this for years.....I used to find 20% were copper....that has dwindled to around 10%. I even found a few Indian head cents.
So you are melting down history for a few dollars? Jesus. How desperate are you? You actually sound kind of intelligent, you can't think of a better way to make money?
Thank you very much for this video. I am now trying to find meca scale like yours. This is so great because I am always open to learn how to do this!!!! Thanx babe!
I recently acquired a copper hoard dump from a bank. $35 in pennies. Mostly 1982 and prior expect a few 82 thru 84 zinc years. The rolls are solid red to tan with some having a small slot that shows 50 1¢ on it. Many BU cents 1976-82.
It's amazing how much Cu is out there. I've saved off 40 rolls of 95%, each weighs 150 grams. A pound of pennies equates to about 143 cents. My "Log" of pennies is growing each day.
@ Hello. Yes, there’s a very distinct difference unlike trying to determine whether your 1970-S Lincoln Cent is a Small Date or Large Date; that one takes a bit of scrutiny. With the 1982 Cents, all you need to do is look at any year prior and then any year after 1982. The Large Date will be just that; as large as a 1981, 1980, etc. The Small Date will be the same size digits as those on a 1983 onward. Hope this helps!
I collected copper bullion when it was less than a dollar per round. I also collect pre 1983 copper and nickels. When I bought less than 100 dollars of silver I would order a roll of copper bullion to get the free shipping so it was all mostly free.
@@martin33366 25 Percent Nickel Coin First, each official nickel coin in the U.S. is made with 25% nickel. That nickel material is combined with layers of other materials like… 75 Percent Copper and Manganese 75% Copper and manganese or some other strengthening metal, such as iron. This alloy is called “ cupronickel” or copper-nickel, a reference to the alloyed nature of the resulting material. Copper and manganese are added to nickel to strengthen five-cent coins, making them better for general circulation. Nickels have been made with this metallic composition since 1866, with a diameter of 0.835 inches and a thickness of 0.077 inches. Prior to this design, silver half dimes were issued from 1792 to 1873. Because of the American Civil War and related economic uncertainty, silver and gold were driven out of circulation in many cases. To solve this, the government issued paper currency and then issued a new form of a five-cent coin that did not use pure silver whatsoever. Today, indeed, modern nickels are among the least valuable coins in terms of their melt value purely because they don't include gold or silver.,.. go to Jefferson Nickel Values | (1938-2024) - CoinTrackers.com 251 rows · With an exception of the War Nickels 1942-1945 (56% copper, 35% silver, and 9%
Pennies have become my favorite coins to search for all types of errors. While looking for Cu, I've found 2 1998-D WAMs qnd many strike throughs and die clashes. I've put away 10 rolls of 1982s PD.
People in New York are more naturally embedded in the system, but people that don't live on the coasts have a higher proportion of people who know where value is located right out in the open, and they slowly remove it as it passes through their hands.
Copper would really have to skyrocket in value in order for anyone to “get rich” off of their copper penny hoard. I have been hoarding them for decades and I really don’t know how many that I have! I have heard more than once, that melting pennies and nickels is actually ILLEGAL. So, how are we to be able to reap the rewards of our hoarding?
A penny is presently worth 1.7 cents They were costing a nickel to make. So they’re zinc now with a copper coating. But copper futures is at $4.50 a ounce. You can still find rounds for $1.50 to $1.80 per ounce. Plus tax and shipping. My son bought 34 pounds of copper pennies for $200 including shipping. Was about $180. Then S&H. Works out to 4 cents a piece. In video he says they’re going for about 3 cents a piece now. Won’t be long he’ll break even. And it will go up with electric everything being the future.
Once you add time spent . I don't understand . Aa a hobby that's all I can figure . But as a means of making extra cash. I don't think a guy could make lunch money . Maybe I'm missing something. Go around on heavy trash cut wires off anything with a cord . That's going to more profitable I mean that's a lot of penny's good luck
Exactly , you are better off paying down debt with your pennies. Also I don't believe congress will ever allow melting them, they will probably do what canada did a few years ago, make you turn then into a bank for face value . Just seems like such h a waste of productive time,energy and space.
The only legal way to melt and scrap pennies would be if they are removed as currency. That said. I always separated the copper from the zinc pennies 😊
So do you just sit on the copper coins and hope for melt down approval? Obviously you could ebay the wheaties and triple your money or so, but whats up with the non wheat copper pennies?
I have approx 500 pounds of CAD copper pennies all rolled in their year of issue...now being out of production it becomes harder to find rolls for searching
I hoard all those new “copper clad zinc” Pennie’s and as soon as my gallon jug gets full I turn them in for real money that’s actually worth something.
@@SecretSquirrel-et6dl thanks! driving to the bank would probably cost me a dollar to get the boxes that I pick up. I usually grab multiple boxes at once to limit the amount of times I need TK go to the bank.
Why save copper pennies if it's still illegal to melt them? Is it worth searching copper if you have to re roll the other pennies or pay the coinstar a percentage to dump the others?
@@Flachdachbunker Before I was married and had a huge amount of time on my hands, I would sort through large amounts of pennies and pull the copper (pre-1982) coins and roll them in date order, i.e., full rolls of 1962-D, 1965, 1980-D, etc. After the wedding, all of that stopped! However, when I come across a copper cent, I will hold it aside and toss it in an old pickle jar.
Is there a market for pre 1982 pennies where you can sell them for anything close to the spot price of copper? Obviously, there is for the silver quarters and dimes, but I've never heard of one for copper pennies.
I just started this, been scrapping for years and thought this would be a good investment. At least the sorting aspect of it, I'm not into melting them down because they're useless at the yard I go to if melted down. But my question is, if they do go out of circulation would you be able to cash the actual pennies into a scrap yard?
Why melt them? The US government already guarantees their weight and purity and besides there might be a small numismatic value to them while others are being melted away.
So….gonna try separating off the thin layer of Cu off of the pot metal the Pennie’s are mostly made of?🤔 Maybe can use the pennies for electrical pinch-hitting?? If you can find pre-1982 solid Cu pennies these days, huzzah. But it’s gonna be fiddly long work to do it! Then it’s maybe costly to melt-out the Cu from the later pennies.
I metal detect and in older areas the pennies are mostly copper. I use a rock polisher to clean them, then I throw them in a big huge bottle.. I'm now on my 4th big bottle! We cannot take them to sell at a scrapper as they're still legal tender..do you think the government will do away with pennies..so we can sell them?
I just pulled out some old glass mayo jars of wheat cents and separate copper cents boy are they heavy ! save them the end of pennies is coming as well as coinage
@donsab-xz4so the absolute fact of the matter is you're right. So unless someone is flagrantly flaunting this law (taunting the mint) most likely the government won't do anything to anybody. It is provided that you can melt down coins or deform them as long as you yourself are going to use them in a product and not to merely sell it as bullion.
He's talking about Milton Penny's you can't do that😊 it's against the law to meltdown penny I have 40,000 wheat back pennies add three jars of wheat penny regular pennies that are copper then I can't build them down it's against the law
There’s always the comment “you can’t melt them” on every copper cent video. believe that copper cents will be saved the way that junk silver is saved today. There’s no need to melt them. Left in coin form, they have collector value and a known copper content. Melt them down and you just have a blob of metal of unknown content- not to mention the time and cost of melting.
There were some extremely rare copper pennies minted after 1982 by mistake that are more easily found bu weighing ALL of your pennies one by one. With a smaller scale and a bit of practice you can weigh them all just as fast as this person picked through the ones that he did.
If you want to sell it just take the scrap to the scrapyard. They won't pay more and probably reject it. Selling bars is to individuals and might prove difficult. I save the pennies as is. Might melt some for hording away someday , but will definately go through them for collectability. Key dates etc. Saving wire and copper pipe for melting down.
@@captaincoincollectornice my grandson is graduating from mass maritime engineering and has signed with MSC just finished his commercial sea term on the Pecos with RIMPAC exercises. Small world isn’t it ⛴️
I did this and I found a aluminum coin 1974 D A man had one And it was to be sold at auction for $200000 but the government my son lost mine he had it wrapped in toilet paper on his dresser and his wife not knowing threw it away One time a got a lot of old wheat penny I have a lot of them in a bottle
people (including coin/bullion dealers)) buy them every day. btw its no illegal to melt in every circumstnce, there are a few loopholes even without a full legalization
@@RkicF8 Department of the Treasury Monetary Offices 31 CFR Part 82 Section 5111(d) of title 31, United States Code, authorizes the Secretary of the Treasury to prohibit or limit the exportation, melting, or treatment of United States coins when the Secretary decides the prohibition or limitation is necessary to protect the coinage of the United States. In enacting 31 U.S.C. 5111(d), Congress has conferred upon the Secretary of the Treasury broad discretion to ensure that he can effectively carry out his statutory duties to protect the Nation's coinage and to ensure that sufficient quantities of coins are in circulation to meet the needs of the United States. Pursuant to this authority, the Secretary of the Treasury has determined that, to protect the coinage of the United States, it is necessary to generally prohibit the exportation, melting, or treatment of 5-cent and one-cent coins minted and issued by the United States. The Secretary has made this determination because the values of the metal contents of 5-cent and one-cent coins are in excess of their respective face values, raising the likelihood that these coins will be the subject of recycling and speculation. The prohibitions contained in this final rule apply only to 5-cent and one-cent coins. It is anticipated that this regulation will be a temporary measure that will be rescinded once actions are taken, or conditions change, to abate concerns that sufficient quantities of 5-cent and one-cent coins will remain in circulation to meet the needs of the United States. The Secretary of the Treasury has delegated to the Director of the United States Mint the authority to issue these regulations and to approve exceptions by license.
I started saving cents from my change when they switched to the zinc cents in 1982 and have about 6 coffee cans full of copper ones in the garage. I put the 1982s in their own can for sorting later. I already separated the wheat backs as I got them, but probably less than 100.
I have a lot of wheats...
@@susanrednour1605 I have several rolls of wheats besides the hundred or so that I got from my change. The cans weigh about 20# each, so that should be 120# of Memorial back Lincoln cents in 3# coffee cans, plus another 1# can full.
I have a few rolls of copper pennies stashed away. I also have some .999 coper bullion and coins. They are cheap, but to me, polished copper is beautiful!
Half the 1982 pennies you find are still copper. The way to easily find out if it is good or not is to gently touch them on a grinding wheel (right on the edge). You'll know immediately of it' a copper or zinc penny and you'll barely damage the coin....especially if all you want to know is if it is copper or not. I've got LOTS of them. You can then send your slightly damaged zinc pennies back to the bank inorder to buy another box. Been doing this for years.....I used to find 20% were copper....that has dwindled to around 10%. I even found a few Indian head cents.
Or you could weigh them on a scale, zink =2.5 grams copper=3.11 grams
Could do a little bit more and look into the font size on date. If the 82 is smaller than the 19 is a zine if the 82 is same as 19 its a copper
If you find the small 1982 D copper cent, that's a rare and highly valuable coin. Only made in zinc. The 1983 copper cent is another rarity.
Just weigh them, the copper ones weigh a little over 3 grams, the zinc weigh somewhere around 2 and a half grams.
So you are melting down history for a few dollars? Jesus. How desperate are you? You actually sound kind of intelligent, you can't think of a better way to make money?
I collect Canadian pre 1996 Pennies also. They are 99 percent copper.
98%
Me too
@@killakain100 thank you
Where do you obtain them from?
I save the Canadians now as well....I have A lot of wheat pennies, including a 1943 steel penny
Thank you very much for this video. I am now trying to find meca scale like yours. This is so great because I am always open to learn how to do this!!!! Thanx babe!
how do you turn your pennies back in when you are done ?
I recently acquired a copper hoard dump from a bank. $35 in pennies. Mostly 1982 and prior expect a few 82 thru 84 zinc years. The rolls are solid red to tan with some having a small slot that shows 50 1¢ on it. Many BU cents 1976-82.
It's amazing how much Cu is out there. I've saved off 40 rolls of 95%, each weighs 150 grams. A pound of pennies equates to about 143 cents. My "Log" of pennies is growing each day.
The 1982 D small date copper penny is the rarest modern coin in existence, only 2 have ever been found - just so you know
@@Siluetae That can’t be right; I have a slew of them!
@@kingelvis1956 I do also
@@kingelvis1956 You wish!
@@kingelvis1956I have small date 1982's as well but are you definitely sure they're small dates?
@ Hello. Yes, there’s a very distinct difference unlike trying to determine whether your 1970-S Lincoln Cent is a Small Date or Large Date; that one takes a bit of scrutiny. With the 1982 Cents, all you need to do is look at any year prior and then any year after 1982. The Large Date will be just that; as large as a 1981, 1980, etc. The Small Date will be the same size digits as those on a 1983 onward. Hope this helps!
I collected copper bullion when it was less than a dollar per round. I also collect pre 1983 copper and nickels. When I bought less than 100 dollars of silver I would order a roll of copper bullion to get the free shipping so it was all mostly free.
I like getting copper pennies in change, I have been collecting copper pennies for years now and I collect nickels because they are 75% copper
What years are nickels copper?
@@martin33366 25 Percent Nickel Coin
First, each official nickel coin in the U.S. is made with 25% nickel. That nickel material is combined with layers of other materials like…
75 Percent Copper and Manganese
75% Copper and manganese or some other strengthening metal, such as iron. This alloy is called “ cupronickel” or copper-nickel, a reference to the alloyed nature of the resulting material.
Copper and manganese are added to nickel to strengthen five-cent coins, making them better for general circulation. Nickels have been made with this metallic composition since 1866, with a diameter of 0.835 inches and a thickness of 0.077 inches.
Prior to this design, silver half dimes were issued from 1792 to 1873. Because of the American Civil War and related economic uncertainty, silver and gold were driven out of circulation in many cases.
To solve this, the government issued paper currency and then issued a new form of a five-cent coin that did not use pure silver whatsoever. Today, indeed, modern nickels are among the least valuable coins in terms of their melt value purely because they don't include gold or silver.,.. go to Jefferson Nickel Values | (1938-2024) - CoinTrackers.com
251 rows · With an exception of the War Nickels 1942-1945 (56% copper, 35% silver, and 9%
I LOVE COLLECTING THE OLD CENTS! BUT NICKLES ARE MY SECOND FAVORITE!
I have lots of old nickels I have a 1945 war nickel with the P above the Monticello
You must have great eyes to see those dates so quick as you're flying through the roll..
Good luck Andy!
Pennies have become my favorite coins to search for all types of errors. While looking for Cu, I've found 2 1998-D WAMs qnd many strike throughs and die clashes. I've put away 10 rolls of 1982s PD.
My favorite as well !!❤️
People in New York are more naturally embedded in the system, but people that don't live on the coasts have a higher proportion of people who know where value is located right out in the open, and they slowly remove it as it passes through their hands.
people are cashing in their huge water bottles full of coins to get by.
Copper would really have to skyrocket in value in order for anyone to “get rich” off of their copper penny hoard. I have been hoarding them for decades and I really don’t know how many that I have! I have heard more than once, that melting pennies and nickels is actually ILLEGAL. So, how are we to be able to reap the rewards of our hoarding?
Melt them down to sell as copper value? You get to reap the reward of 20 years in prison :-0) LOL
One day they will do away with the penny and then you can melt them.
@@tammywhite9229 Maybe, maybe not.
The "maybe not" should factor into your financial risk to make a profit.
@@2Truth4Liberty nobody’s going into the poor house by saving pennys.
@@tammywhite9229
[[ nobody’s going into the poor house by saving pennys. ]]
I never claimed they would :-0)
Why did You say SILVER several times during your graph talk ?
He is saying the price of silver helps to drive the price of copper higher.
I been weighing the 82s been getting 50/50 of copper and zinc
A penny is presently worth 1.7 cents They were costing a nickel to make.
So they’re zinc now with a copper coating.
But copper futures is at $4.50 a ounce.
You can still find rounds for $1.50 to $1.80 per ounce. Plus tax and shipping.
My son bought 34 pounds of copper pennies for $200 including shipping.
Was about $180. Then S&H. Works out to 4 cents a piece.
In video he says they’re going for about 3 cents a piece now. Won’t be long he’ll break even.
And it will go up with electric everything being the future.
I think you mean per pound. The current price per ounce is $.25. The price per pound is $4.06.
Im from TN. The other day i tried my first box of pennies. I got 326coppers, 6 Wheaties and 3 canadian pennies. The oldest canadian was 1942.
Nice Canadian find! And nice box. I usually pull between 300 and 350 coppers per box here! Happy hunting and good luck!
Once you add time spent . I don't understand . Aa a hobby that's all I can figure . But as a means of making extra cash. I don't think a guy could make lunch money . Maybe I'm missing something.
Go around on heavy trash cut wires off anything with a cord . That's going to more profitable I mean that's a lot of penny's good luck
If the ultimate goal is to melt it, why not look for free scrap copper? Wires, motors, pipes, etc. Legal and 100% profit.
Exactly , you are better off paying down debt with your pennies.
Also I don't believe congress will ever allow melting them, they will probably do what canada did a few years ago, make you turn then into a bank for face value .
Just seems like such h a waste of productive time,energy and space.
I have to assume that he's doing this to buy$ .01 cents of copper to sell it for $.03 or more
The only legal way to melt and scrap pennies would be if they are removed as currency. That said. I always separated the copper from the zinc pennies 😊
So do you just sit on the copper coins and hope for melt down approval? Obviously you could ebay the wheaties and triple your money or so, but whats up with the non wheat copper pennies?
Apparently there are people dumb enough to buy them and pay the shipping cost plus.
Makes no cents to me.
@@paulcoenen7918 to fill their collection i suppose.
Nice session. What kind of scale do you use?
I have approx 500 pounds of CAD copper pennies all rolled in their year of issue...now being out of production it becomes harder to find rolls for searching
i’m doing this in england - the pre 1992 pennies - we can’t melt them down here but i’m interested to see where copper is headed for the future
how they gunna know? just add scrap copper wire to throw off the alloy composition
I box hunt pennies, lucked up and found mint state 1944 . Today I found a large date-1960 red cent, very nice coin.
I hoard all those new “copper clad zinc” Pennie’s and as soon as my gallon jug gets full I turn them in for real money that’s actually worth something.
at the cost of things in 2024 we lose our asses er assets when making any retail purchases.
How much did shipping on that box of rolls cost? Or the fuel to drive to pick them up?
@@SecretSquirrel-et6dl I used my scooter to pick up the box, so I’d say a nickel in electricity was used
@ ok, was curious how that panned out value-wise.
@@SecretSquirrel-et6dl thanks! driving to the bank would probably cost me a dollar to get the boxes that I pick up. I usually grab multiple boxes at once to limit the amount of times I need TK go to the bank.
Why save copper pennies if it's still illegal to melt them? Is it worth searching copper if you have to re roll the other pennies or pay the coinstar a percentage to dump the others?
He´s making more money with the video than the shown,,,and even more mowing the lawn of the neighbour. But hey, it´s for sure a nerdy, relaxing hobby.
@@Flachdachbunker Before I was married and had a huge amount of time on my hands, I would sort through large amounts of pennies and pull the copper (pre-1982) coins and roll them in date order, i.e., full rolls of 1962-D, 1965, 1980-D, etc. After the wedding, all of that stopped! However, when I come across a copper cent, I will hold it aside and toss it in an old pickle jar.
What brand and type of scale do you use? Link?
I've been throwing copper cents in a 5 gallon jug! It probably weighs around 250 lbs.
Seems a lot less coppers per roll than when I was hunting maybe 15 years ago, are they drying up?
Is there a market for pre 1982 pennies where you can sell them for anything close to the spot price of copper? Obviously, there is for the silver quarters and dimes, but I've never heard of one for copper pennies.
Does Canada have copper coins on copperfaltion?
Who will melt it? Thought the government told the metal places not to recycle Pennie’s?
The Majority of my 1982's weigh 3.1 grams..i have More of those @ that weight of that year than zinc
I just started this, been scrapping for years and thought this would be a good investment. At least the sorting aspect of it, I'm not into melting them down because they're useless at the yard I go to if melted down. But my question is, if they do go out of circulation would you be able to cash the actual pennies into a scrap yard?
I don't know....BUT Copper will always have value so its an easy way to save it and weight. Definitely useful in Industry.
are you holding on to them until you can scrap them , or do you sell them to people buying copper ?
Cool video Captain!
Thanks MS69, which actually is a high coin grade, lol
Why melt them? The US government already guarantees their weight and purity and besides there might be a small numismatic value to them while others are being melted away.
So….gonna try separating off the thin layer of Cu off of the pot metal the Pennie’s are mostly made of?🤔
Maybe can use the pennies for electrical pinch-hitting??
If you can find pre-1982 solid Cu pennies these days, huzzah. But it’s gonna be fiddly long work to do it! Then it’s maybe costly to melt-out the Cu from the later pennies.
I metal detect and in older areas the pennies are mostly copper. I use a rock polisher to clean them, then I throw them in a big huge bottle.. I'm now on my 4th big bottle! We cannot take them to sell at a scrapper as they're still legal tender..do you think the government will do away with pennies..so we can sell them?
It cost the Government more to make a penny than a penny so yes eventually pennies will be discontinued hence the zinc penny
The price of copper didn't increase, the value of our dollar DECREASED.
Meaning you need to spend more of it, to buy the same amount of cooper.
I just pulled out some old glass mayo jars of wheat cents and separate copper cents boy are they heavy ! save them the end of pennies is coming as well as coinage
But it is illegal to melt them so you are losing interest you could be gaining in a CD. But it is more fun.
Illegal to melt and sell as bullion. If you use the metal to make something it is legal.
It is real money.
And people that don’t collect even realize it’s money.
If hyperinflation hits they will still hold value as a currency.
If you live near the border you could take them to canada and sell them there. What's to stop a Canadian from melting them down in Canada?
@donsab-xz4so the absolute fact of the matter is you're right. So unless someone is flagrantly flaunting this law (taunting the mint) most likely the government won't do anything to anybody.
It is provided that you can melt down coins or deform them as long as you yourself are going to use them in a product and not to merely sell it as bullion.
If wheat pennies are that valuable id be so rich!! Most of mine being 1944's S,P and D mm!
It’s down to $4.06 on 11-26-24. Still really volatile.
Why do you keep saying silver?
Good video.
One can get 1oz pure copper round from APMEX for $2.99 a piece if one sends a check...
canada stopped using pennies years ago.
war drives up the value of copper
plastic bullets people !
He's talking about Milton Penny's you can't do that😊 it's against the law to meltdown penny I have 40,000 wheat back pennies add three jars of wheat penny regular pennies that are copper then I can't build them down it's against the law
American pennies after 1982 only have 2.5% copper a cording to google. If your into zinc you hit the payload.
If you are just looking for copper, there are many sources, probably better than penny hunting.
And you don't have to pay for anything it.😊
all the millions of old T.V.'s and monitors had lots of copper in them gold on the curbs I profited when precious metals were high.
Cool video.
There’s always the comment “you can’t melt them” on every copper cent video. believe that copper cents will be saved the way that junk silver is saved today. There’s no need to melt them. Left in coin form, they have collector value and a known copper content. Melt them down and you just have a blob of metal of unknown content- not to mention the time and cost of melting.
What a waste of time and money, not for me.
I pull my change and jnspect it, but this is a waste.
Just collect it, or by ignots
There were some extremely rare copper pennies minted after 1982 by mistake that are more easily found bu weighing ALL of your pennies one by one. With a smaller scale and a bit of practice you can weigh them all just as fast as this person picked through the ones that he did.
What about copper ONE ounce rounds?
Right 0n Andy :) QC
So the question is where do you sell the copper to
If you want to sell it just take the scrap to the scrapyard. They won't pay more and probably reject it. Selling bars is to individuals and might prove difficult. I save the pennies as is. Might melt some for hording away someday , but will definately go through them for collectability. Key dates etc. Saving wire and copper pipe for melting down.
I had to move my jugs, jars ,ice cream buckets to make room for my Christmas 🎄, lookin at my coins found a baggie it said Coppper....🎉
I see MSC supply ship are you in the merchant marine Captain ?
@@fishinghuntingfool yes I am and hold a 2nd mates Unlimited License
@@captaincoincollectornice my grandson is graduating from mass maritime engineering and has signed with MSC just finished his commercial sea term on the Pecos with RIMPAC exercises. Small world isn’t it ⛴️
i wish i had my eyesight back like you do
I did this and I found a aluminum coin 1974 D A man had one And it was to be sold at auction for $200000 but the government my son lost mine he had it wrapped in toilet paper on his dresser and his wife not knowing threw it away
One time a got a lot of old wheat penny I have a lot of them in a bottle
Im a collector, the thought of melting old coins seems so wrong to me. Well , to each his own. thanks for the video.
Same but on the other hand it will make mine a little more rare and a little more valuable
Why collect something they made billions of. 😊
Cheaper than a washer for a screw
How about 20 year old copper water pipe and electric wire?
whatever the price of copper goes for check out scrapyards
Modern pennies aren't copper.
2009 Penny
worth
It's against the law to melt copper US cents Who wants to buy my copper cents? Where do we sell them?? Great show thanks.
people (including coin/bullion dealers)) buy them every day. btw its no illegal to melt in every circumstnce, there are a few loopholes even without a full legalization
People melt copper pennies anyway, law be damned.
Everyone, keep your day jobs!
@@Silvercrypto-xk4zyCopper can be legally melted.
only illegal if you melt to sell.
can not scrap copper one cent pieces for cash federal crime
Hate to be that guy, but you've got a massive typo in your thumbnail.
Cool find, SUB 😊
just picked up $175 fv below melt from my lcs saturday
Awesome, congrats!
Why are you waiting to melt them down? It is not illegal to melt down any American coin.
Sure there are loopholes, but it is illegal to melt copper and Pennie’s specifically for profit on metal composition
Refiners melt old coins everyday, stop with the superstitions.
@@RkicF8 Department of the Treasury Monetary Offices 31 CFR Part 82
Section 5111(d) of title 31, United States Code, authorizes the Secretary of the Treasury to prohibit or limit the exportation, melting, or treatment of United States coins when the Secretary decides the prohibition or limitation is necessary to protect the coinage of the United States. In enacting 31 U.S.C. 5111(d), Congress has conferred upon the Secretary of the Treasury broad discretion to ensure that he can effectively carry out his statutory duties to protect the Nation's coinage and to ensure that sufficient quantities of coins are in circulation to meet the needs of the United States.
Pursuant to this authority, the Secretary of the Treasury has determined that, to protect the coinage of the United States, it is necessary to generally prohibit the exportation, melting, or treatment of 5-cent and one-cent coins minted and issued by the United States. The Secretary has made this determination because the values of the metal contents of 5-cent and one-cent coins are in excess of their respective face values, raising the likelihood that these coins will be the subject of recycling and speculation. The prohibitions contained in this final rule apply only to 5-cent and one-cent coins. It is anticipated that this regulation will be a temporary measure that will be rescinded once actions are taken, or conditions change, to abate concerns that sufficient quantities of 5-cent and one-cent coins will remain in circulation to meet the needs of the United States. The Secretary of the Treasury has delegated to the Director of the United States Mint the authority to issue these regulations and to approve exceptions by license.
@RkicF8
That's old silver not pennies.
Why there’s a law that says you can’t melt penny’s
Just to let people know, pennies are not made up of pure copper. Haven't been in years.
This seems like an awful lot of work for a very low return. Hopefully RUclips is paying you well.
"You should hoarding..."?
You should NOT horde copper pennies. It just does not make cents. There are better alternatives.
Like what?
@@tompowers8495 Quarters!
I see what you did there😂
Too much work,, for small exchange. A 🍋 🍋lemon ade' stand makes much more
@@tompowers8495 quarters, pre -65 silver coins, other suggestions @dancerscc
whats the deal with finding so many 1964 nickles after Kennedy was killed things changed .
Can I call you Captain Benty ??
🤪
Do I just go buy pennies from my bank
Who opened that box 📦 of pennies for you captain 🧑✈️? 😂
Who speaks like that? "You should hoarding copper"
its 1984 and below just saying
Whoop de doo
This idea of hoarding pennies makes no sense. $1000 worth of copper is 250 pounds of pennies. It’s not worth the time and effort.
Your time must not be worth much to you.
Toooo slow. I'll just steal gold.
and you'll get nice nickle bracelets
@@deanyanko3326 Or a .356" copper and lead round instead of some nickel bracelets.
OMG, another talker.....
TRUMP 2024 🙏🙏 🙏
A RISING TIDE raises ALL ships.😊👍🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
A Fools errand if not a hobby
Wear your glasses, the penny was a 1927!! 23:16