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Discussion Starter · #1 ·
Here's your chance to own 1 million pre 1983 copper pennies, face value - $10,000, for only $25,000. :rolleyes:

Yes, copper will probably increase in value. But 1 million pennies? :scratch
 

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Umm ... no.
 

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The per-ounce value of copper present in copper pennies is $0.0192296.

One-million copper pennies are worth $19229.60 for the copper value. Not a good deal! Even with the zinc value added in they would be worth only $19493.40. Still not a good deal. (Unless you're selling them at that price.)

http://www.coinflation.com/coins/1909-1982-Lincoln-Cent-Penny-Value.html
 

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Discussion Starter · #5 ·

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I like copper, it is used in the mfg. of bronze. I sell bronze for a living and have done quite well at it. I am a commissioned salesman so I make more money for less or the same ammount of work when the price is up. I do question the ammount of copper in a penny,:scratch several years ago they began adding zinc to the alloy in an effort to drive the cost down.
 

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I like copper, it is used in the mfg. of bronze. I sell bronze for a living and have done quite well at it. I am a commissioned salesman so I make more money for less or the same ammount of work when the price is up. I do question the ammount of copper in a penny,:scratch several years ago they began adding zinc to the alloy in an effort to drive the cost down.
These amounts were for "Lincoln" pennies made between 1909 - 1982. I believe the copper content was higher then.
 

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These amounts were for "Lincoln" pennies made between 1909 - 1982. I believe the copper content was higher then.
Yea, I bought my 1909 S VDB penny in 1977 for $300.00 and sold it in 2003 for $1,700.00. There was alot more copper in pennies back then. I'd still have that penny today if I didn't get a wife in 2002.:D
 

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Discussion Starter · #13 ·
No kidding!?

I have one of those penny "books" that run from 1909-1958. It's completely filled except for the 1909 S VDB. Guess I know why now. :eek:
 

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No kidding!?

I have one of those penny "books" that run from 1909-1958. It's completely filled except for the 1909 S VDB. Guess I know why now. :eek:
Uncle Joe, you can get one for alot less than that at a coin show, but in my youth I was a good adult child of an alcohalic and mine had to be perfect. I mowed lawns, did odd jobs and delivered newspapers all summer to get that penny.
 

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Here's your chance to own 1 million pre 1983 copper pennies, face value - $10,000, for only $25,000. :rolleyes:

Yes, copper will probably increase in value. But 1 million pennies? :scratch
Here copper is always a target for thieves, I think I'll pass
 

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I bought a 5 kilo bar from tacoma copper just for the heck of it, its polished up nice and on a stand.. Cya Slick
 

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Good buy...

Yea, I bought my 1909 S VDB penny in 1977 for $300.00 and sold it in 2003 for $1,700.00. There was alot more copper in pennies back then. I'd still have that penny today if I didn't get a wife in 2002.:D
You bought a wife for a penny! Wow...What a deal! :2thumb: I got married 30 years ago and I'm still paying! :eek: :D
 

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Here copper is always a target for thieves, I think I'll pass
So is aluminum. Came home to my apartment building and saw two techs working in the cell phone equipment building attached to the main building (we have 3 cell systems operating off of the roof...no problem with signal strength here! :2thumb: ) Seems that some low-lifes stole all the aluminum ground wire attached to the structure. Couldn't have been more than 15-20 pounds worth, but a major pain to replace! :gaah:
 

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Seems like investing in copper would not be a winning investment. The price isn't high enough. It takes quite a bit of room to keep enough to make it worth while. Any amount not mounting to tons would not be worth the effort. With tons you would need a safe place to store it.
 
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