Why You Should Be Hoarding Copper Pennies

Let's talk about several reasons why you should be hoarding copper pennies. Is it legal to alter or melt them? We'll discuss that. Maybe the Feds are discussing other changes, We'll discuss that too. The price of copper? Of course. Please give me a thumbs up if you find any of this video of value. I'm also working on a goal of my own. You'll see.

When you go to my mats on eBay, if you buy 2 or more, you get a discount, plus I'll send you a free wheat penny just for fun.

A few people have wanted to send me things that they may or may not want me to feature on my channel. If you do please specify. And please keep it respectful. Thank you. Here is my box address:
Twosheds Gabby
6661 Dixie Highway Suite 4 Box 148
Louisville Kentucky 40258

[evanhughes]

I randomly went through an old tin of pennies last week and found a Roman coin from 300 AD or so. It’s not worth a whole lot but a very unexpected find. What’s baffling is how something like that goes through circulation for such a long time

[ancesthntr]

@Twosheds: thanks very much for producing this video. Though I really didn’t learn much, because I have been a coin collector and a roll-searcher for many years, I did find it to be very interesting. I hope that it will inspire others to start searching for copper pennies also. It is my belief that in a few decades, copper pennies will become as rare as circulating silver coins are right now.

Several years ago, I had separated copper pennies from about one thousand dollars worth of circulating coins. I had well over 50 pounds worth, but ended up putting them through a coin counter to get the money a couple years back. Now I have started up again. Here is my experience:

1) There are 146 copper pennies per pound, and 1 pound of pure copper takes 155 pennies. You don’t have to weigh them, you just have to count them.

2) several years ago I was getting an average of about 14% copper pennies, but now it is somewhere between 11 and 12%. Part of this is due to people like us who are removing the copper pennies from circulation, but most of it is due simply to new production of the zinc ones.

3) I don’t get many Canadian pennies, maybe three or four per box. I think that how many of them you get on average depends on where you are located. If you are near Canada, particularly in Michigan or New York, you are bound to get more Canadian coins. I am in south Texas, so I just don’t get too many of them. I just take the pre-1982 Canadiens and throw them in with my US copper pennies. It isn’t worth separating them out for me.

4) regarding wheat pennies, I usually get 10 or 11 per box, but I have had a few boxes with none, and in one box I got over 20. I haven’t yet had that lucky score where somebody cashed in their grandfather’s coin collection, but I’m hoping for that someday. I separate out my wheats by decade. In the latest batch of four boxes that I got this week, I got a 1917, a 1927, three from the 30s, and about seven each for the 1940s and 1950s, and I still have one box left.

5) regarding Indians, since I started up again a few months ago, I have only gotten one. It is an 1892, and it was not in the worst condition, either. Based on the grade I determined from the Photograde website, and looking up the value for that online, it is worth somewhere between 10 and $15. Right now I just added it to my Indian collection, but someday I may get rid of it on eBay.

6) I have only occasionally gotten dimes mixed in with pennies, but this latest load surprised me, as I got three dimes in the three boxes that I have gone through so far. That makes up for the times when I have gotten rolls of nickels, and found pennies mixed in. I know that somebody is doing that on purpose, because the coins are very different in size. With pennies and dimes, it is clearly an accident due to their similar size.

7) regarding nickels, when I get them, I do what you do, look for pre-1960 ones. I make one exception to that, anything from 2009 gets put away. I once had about 10 rolls of them, but also cashed them in, much to my regret. I find about one war nickel for every two boxes that I go through, and one buffalo for every three or four boxes. I look at both of those as a pure gift from Heaven.

[rockers]

In the 70s my mom would take me to the bank and buy $20 off rolled pennies . I collected the wheat pennies and today have $200 worth . I now want to collect copper pennies after seeing your video . Yes finding a dime in a penny roll is cheap thrills but never gets old . Though i cannot forget when my brother took a barber dime from my collection and bought an ice cream from the ice cream man truck

[ShannonGrugel-cuoo]

I have jars of penny's I've been saving but I honestly have no idea what to look for. Glad I found you. Thank you for sharing.

[ahjohnson]

When I started in the work force in 1967 I decided that since wheat pennies were no longer being minted they would certainly be worth a lot later. So, every time I cashed a pay check at the bank I would get two rolls of pennies and save the wheats. When I first started I would get as many as 10 out of a roll. Not always did I get 10 but I always got a few. My plan was that by the time I had kids the old pennies would pay for their college education. Like I said that was my plan. I still have the pennies I saved and some day my kids can have them, maybe they will be worth something by then. I have added to them over the years, and it's always fun to find a wheat penny.

[zbigniewczaykowski]

I do the same here in the UK. It's much easier here, we have pennies that weigh 3.56 g and also two pence coins that weigh 7.12 g. They are 97% copper not 95% like in the US. The change to non copper happened in 1992 so there's 10 years worth more in circulation (some copper ones were made in 1998 for whatever reason). And the best thing is that they were changed to plated steel not zinc so you only need a magnet to sort them quickly and don't have to look at every date.

[danielconverse]

Keep in mind as well that the American nickel is 75% copper.

[johnlukasik]

I've been saving my copper pennies from my change for about 20 years now ! I thought all 1982 pennies were copper ? Yesterday in my change, I got a 1946 wheat penny, and 2 months ago, I was given a 1936 D Mercury dime in really good condition in my change !!! Hard to decipher the value from what I searched on the net ! I like what you are doing, so I subscribed !

[dannydyer]

I really enjoy your coin search videos. You actually show the hunt, and don't chop it up into a 5 min video with results. The Silver and Penny hunts are great

[danielconverse]

Copper is what I call the poor man's gold.

[abijahdixon]

Im semi new to collecting, I learned lots of new stuff from you and the other commentors, thanks!

[dialdude]

Why is this so relaxing, just to watch you sort through them? Probably due to your comments and the tone you have. Thank you.

[lawrencefontenot]

I like the way you think, sir. I just bought a Few boxes of pennies. Thought I would show the grandkids a new treasure hunting Experience. Go Jolly.

[uncontrollabledogs]

Nice video. Have been saving copper pennies for years, but I mostly use them for electrical work or drill holes in them to make washers.

[kerrygauffin]

One day I was walking into work, I found a penny on the ground, picked it up and put it into my pocket. A little later I was putting the change into the till, and found an Indian head penny, so switched it with the one I found earlier. Pennies from heaven!

[nedcramdon]

Just here by fluke but I just remembered that I have thousands of pennies that were forgotten until now. Thanks big guy!

[effeojnedib]

About a year ago, I got 4-1952 pennies back in change from a Burger King. All together, tells me someone robbed their coin stash. (collection ?) When I see lots of Wheaties floating around, to me it's a sign of people digging into their coin banks. I went through a zip lock bag that I'd saved since 2003. Lots of copper and a few Wheaties.

[battleofarmageddon]

The fact is, saving nickels is much more valuable. And you do not have to considering separating them, since all nickels are worth the same except for war nickles which of course are worth a whole lot more.

[Silvercrypto-xkzy]

The one thing about the silver coins into rings is that it’s totally legal to melt down silver coins even if you don’t make it into jewelry. Silver coins are completely legal to melt. Literally the only restriction is on Pennie’s and nickels

[GaryBailey-hkex]

This was the first set of coins my father started me on, and when I heard the average cent is now over three cents I have gone back to basics, collecting Flying Eagles, Indian Head Cents, and Lincoln Cents, along with Canadian cents. It is great to see someone who has the same interest as me, and last night I found 4 Canadian cents from the 50 - 60's, 26 Wheat
Cents from 1910 - 1956, and a Bani from Romania ( Province TRANSYLVANIA) 1840 STILL HAD FULL LUSTER!!! ALL IN $15.00 IN PENNIES!! GARY BAILEY