How to Make Money Collecting Copper Pennies

many buyers who buy gold and silver bullion cash and coin collectors who observe coins, have probable by no means considered gathering copper pennies to make a worthwhile income. you've got probably heard "a penny saved is a penny earned," due to the fact the lowly penny is well worth one cent. at the same time as maximum pennies are well worth a meager face fee, did you recognize that all copper pennies are really worth double their face cost?

pennies minted from 1909 to 1982 were made of 95% copper, and 5% zinc. you won't think about copper as worth tons monetarily, however it's miles an exceptionally critical metal. copper is extensively utilized in industry, especially in electric, creation, delivery, and plenty of others regions. this is why copper fetches a fairly precise charge due to the fact it's also the first-rate conductor of strength, does not tarnish and is malleable. to discover copper's soften value, we need to recognize that a pound of copper is currently worth approximately $3.12. 154 copper pennies equal one pound. so three.12 divided via 154 is set 2 cents for each penny.

when you consider that each copper penny's cost is 2 cents, it may be a small funding. the greater copper pennies you have got, the greater the funding. so, how do you still get a copper penny for its face value? first, you can find pennies previous to 1982 by way of analyzing your regular alternate, or you could buy rolls from banks.

in addition to the truth that every copper cent is worth twice as much, its numismatic price is likewise essential. analyzing the dates and conditions of every coin the way a coin collector could, might provide your copper even extra price. but you do not necessarily want to have the knowledge of a pro coin collector. many rolls incorporate older "wheat" cents which have been minted earlier than the contemporary lincoln cent (1959 - now). it's easy to identify a wheat cent - take a look at the dates, minted among 1909 and 1959 and the opposite side on which the words "one cent" are centered between two stalks of wheat.

depending on condition, wheat cents are rarer and extra valuable. the higher the condition, the greater they may be well worth. after I hunt rolls, i generally locate wheat cents in "proper" to "excellent" condition. these should fetch a price of 10-15 cents on ebay. it's not uncommon to discover many antique wheat cents and copper lincoln/memorials in a bank container of 50 rolls. to get a better understanding approximately conditions and fees i might go browsing and look for "fee of pennies through 12 months", or "what's my coin worth." you may additionally purchase the present day "reputable red e-book: a manual e-book of united states of america cash" which can be available at bookstores or on amazon.com.

bins of pennies you purchase from the financial institution contain $25 of pennies in 50 rolls, which totals to two,500 pennies. except you need to go through every roll and observe every one after the other, you could purchase a copper penny sorting machine that lets you separate the coppers from the zincs. in case you're now not in a hurry to split them, you can purchase a primary "e-z copper penny sorter" from $30 to $60. for short sorting of masses of pennies, you'll want a "ryedale apprentice penny sorter" which sells for $500.

some other motive to acquire copper pennies is that at some point whilst the mint takes them out of movement, it will be felony to melt them into bars. bars are plenty more viable to put apart in preference to preserving on to large jars or boxes that could incorporate hundreds or even hundreds of pennies.

the great benefit you get hold of while buying rolls of circulated pennies is that it may not fee you greater than what you paid for. it may not price you a cent, so to speak, because you purchase all the rolls of pennies at face cost. not handiest will you discover many copper pennies, but older wheat pennies, which simplest adds price.

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