Hoarding copper pennies, Cents to the extreme! The elimination of the Lincoln Penny/cent!

let's talk about hoarding copper pennies. Could it be a profitable for the future?

Disclaimer: At times I will share MY thoughts and opinions but they are exactly that “My” opinions. I do NOT give advise

On my channel I may speak about precious metals,and maybe cryptocurrencies at times among other topics including but not limited to other "markets," and current events. I am not a financial adviser and do not charge anyone for my videos/opinions, this channel is for ENTERTAINMENT purposes only. My views/statements are ONLY my opinions that I have formed on my stacking/collecting journey. You are responsible for your own stacking, trading, investing, etc. Please do your research I am not responsible for your actions. I would highly advise seeking advice from a licensed financial advisor. Not from me

[azwelke]

Saving copper pennies is smart. Im a master electrician, and I learned that the refineries didnt know how to get the gold out of the copper until 1980s so when the Biltmore scrapped their copper roof here in Phoenix, there was so much gold in it, that they got a new copper roof, all labor paid, and a $1, 000, 000 check all from the "old scrap" copper.
Word to the wise

[Vector_Ze]

When I'm going through Cents, I have a gram scale right there on the desk to check 1982s. I mean, there aren't an overwhelming number of 82s, and it only takes a second or two to find out if it's Cu or Zn by weighing it.
I've got a custom made sorting rack that holds 50 coin tubes. They're labeled, and I sort by year and mint mark. When a tube is full, I count the coins out and roll 50 of them.
I've been hoarding Cu Cents since I heard the US was going to switch to Zn. If what you displayed in the video is your entire Cu Cent stash, well sorry buddy, but mine dwarfs yours, LOL. But, you could say the same when comparing your Ag stack to mine.

No, that's not how rounding works. Even now, when you buy a taxable item, the actual price likely comes to some fraction of a Cent. The rounding is transparent to the clerk, it's done by the register. And, it's to the NEAREST Cent, which is up half the time, and DOWN Half the time. The same would be true if the Cent was eliminated, you'd round to the nearest Nickel...nearest, not next higher. And, since the Nickel also costs more to mint than its face value, I'd argue to eliminate it as well... in which case prices would be rounded to the nearest Dime. You might lose a Nickel today and gain it back with your next purchase. Nothing new here, that's the way it's been done with Cents since...well, since they stopped making Half Cents, I guess.

[davidhollingsworth]

I. Have 265000 copper Pennie’s and one box weighs about 8 pounds. So if you have 25.00 of Pennie’s I would guess around 8 pounds

[silverload]

N.F String and sons is an armored car company that supply’s coins to banks and I had a 25lb box with nothing older then 1981 if you go to eBay look up web coins that’s theirs name their operating under they have a machine that separates all the copper penny’s and for 500 dollars face value will cost you $685.00 needless to say they stopped separating after awhile I guess it wasn’t worth while as they expected

[SeaMonkeyMetals]

I refuse to utilize digital currency. It relies on an electrical grid and a communication network. Either one of those go down and digital is useless. Hoard metal, stack it high.

[KourZ_]

I crush Pennie’s for removing them for circulation in those coin crushers which turn you coin into a different design

[jasonlawrence]

I got an idea. Go to bars and ask them if they have any old crown royal bags they don't want. Sometimes they throw them away. You use them to store your copper.

[ezekielsparadise]

A few years ago, I used to get wheat pennies all the time from stores and whatnot. I don't think I've seen one in a while.

[JP]

I disagree, most ppl do NOT know what a copper penny is worth. The average person has no clue.

[kcoin]

I suggest using coffee cans they work great and you can stack them

[hookindemlipz]

I found a 1964 wheat penny recently which probably isn't worth a lot being it's not on mint shape nor is it a double dye or misprint but who knows the way things are going it may be worth more in the near future ... I seen a 1994 misprint go for around 1000$ at auction recently! I wish all the quarters my grandma left behind didn't get lost over the years of my mom moving and what not ... She had multiple full collections of different years and all 50states she had books with slots for each state and it was for that specific year and she had a ton and also tons of rolled up coins and also a handful of mint collection coins still laminated in the packages... They are probably worth a ton more now then back then

[maxinemehling]

The people who are studying the composition change or the demise of the cent will never reach a conclusion because then they will not have that big government check coming every week. It's called ''JOB SECURITY''.

[johntracy]

I have rolled them up as I go. I have filled a penny box. It weighs right at 17 pounds.

[CuSTACKS]

Ping test the 1982s the copper ones will ping and the non copper will thud

[bobmears]

Hoard Nickels, Not Half Dollars. Math!

[MrA-gx]

If your ears are young enough all you have to do is flick an 82 penny in the air and catch it. Copper rings loud and clear the whole time it's in the air. The cheapies are quiet in the air.

[larrylewis]

The 50 cent coins have 12 cents worth of copper. Pre-1982 Lincoln cents have 3 cents worth of copper. Buying the half dollars you LOSE 3 to 1. Buying Lincoln cents you GAIN 3 to 1.

[azwelke]

Money and markets are a psychological game that play together.

If you go back to 1909.
That's when they started making the Lincoln copper cent.
And you think about what you could purchase back then with 1 cent.
And remember that with gold and silver, they hold their purchasing power overtime. They do go up and down, lose a little here, gain a little there, but over the long term they hold their purchasing power.
Copper does this same thing.
remember this... today when we talk about pennies, we are not talking about copper cents, we are talking about the digital form of a penny in most cases. Or the zinc penny.

But the copper penny has been out of production since 1982.


"Admitted" inflation has been at least 2% per year.
That means that the dollar loses 100% of its purchase power every 50 years. And it's been 112 years sense the first copper lincoln cent.

At 2% inflation that means that the copper Lincoln penny is worth about two dollars, by my math.
112 years times 2% = 224%

That means the penny is worth about $2.24

But since money is a psychological and numbers game, I don't believe that the actual worth of the penny is realized yet. But it will be.
It will someday purchase the same amount of goods that it purchased in 1909.


Save your copper pennies.

[kenwaystaion]

Im in michigan and have not come across any store that does not accept change

[owndu]

do ya know what to do with em cuz if I sell em at eBay I feel like nobody will buy them