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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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OP
Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
Because they're 95% copper. Post-81 pennies are mostly zinc, with an exterior wash of copper. I've been hording them for about twenty years, i.e., whenever I get one in change, it goes in a jug.
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Joined: Dec 2007
Posts: 25,107
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 25,107 |
Junk copper the new junk silver?
I can't tell ya the last time I saw a pre-64 or whatever quarter. That stuff was soaked up 10 years or whatever ago when silver went ape schit.
“Life is life and fun is fun, but it's all so quiet when the goldfish die.”
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Joined: Jun 2020
Posts: 9,450
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 9,450 |
You know inflation is bad when our lead and copper has become valuable. I have to correct my information. I thought it was 82 and below that was nearly 100%.
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Joined: Mar 2006
Posts: 19,504
Campfire Ranger
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Campfire Ranger
Joined: Mar 2006
Posts: 19,504 |
Hmmmmm, I haven't checked scrap copper prices lately, but maybe I should. I've got quite a pile of old copper water pipe out back.
4 out of 5 Great Lakes prefer Michigan.
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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OP
Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
You know inflation is bad when our lead and copper has become valuable. I have to correct my information. I thought it was 82 and below that was nearly 100%. I believe 1982 was the transition year, i.e., some 1982 pennies are 95% copper and the rest are mostly zinc.
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Joined: Jan 2012
Posts: 67,176 Likes: 38
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,176 Likes: 38 |
half-inch washers are 4 cents each at my hardware store, 5cent if you want zinc or galvanized.
just sayin 😃
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Joined: Mar 2010
Posts: 24,269 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,269 Likes: 10 |
Great return on a 40 year investment
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Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
Well...why'd they ( we) get off copper in the first place?
I smell Jews.
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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OP
Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
Great return on a 40 year investment Heck, you get them in change for a penny each, even today, although that's much more rare now than a few years ago. Gresham's law in action. Too many people, like me, aren't spending them when they get them in change. They're spending the zinc ones instead.
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Joined: Apr 2011
Posts: 151,770 Likes: 17
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,770 Likes: 17 |
Was over 3.00 last time I went by the junk yard, brass over 2.00. I need to see about selling, got 300 pounds or so of scrap brass
Last edited by hanco; 02/25/21.
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Joined: May 2003
Posts: 13,388 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: May 2003
Posts: 13,388 Likes: 4 |
Speaking of silver coins, something that some of you "coin watchers" might not know is that before and during WW II, the nickel was made of zinc. Because zinc was a strategic war material the govt. stopped making the nickel of zinc and changed it to silver. !943 and 1944 nickels were silver.
FWIW.
L.W.
"Always go straight forward, and if you meet the devil, cut him in two and go between the pieces." (William Sturgis, clipper ship captain, 1830s.)
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Joined: Aug 2005
Posts: 4,680
Campfire Tracker
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Campfire Tracker
Joined: Aug 2005
Posts: 4,680 |
I pick out the "wheaties" other wise they go into the piggy bank. Then just before a long hunting trip, I go to the bank and turn them in. Use that money for gas.
Last edited by colorado bob; 02/25/21.
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Joined: Feb 2020
Posts: 2,809 Likes: 2
Campfire Regular
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Campfire Regular
Joined: Feb 2020
Posts: 2,809 Likes: 2 |
Because they're 95% copper. Post-81 pennies are mostly zinc, with an exterior wash of copper. I've been hording them for about twenty years, i.e., whenever I get one in change, it goes in a jug. Thanks Hawk, I'll start paying more attention to my change. How often do you seem them? Coming up on almost 40 years old,
Due to the increased price of ammo, don't expect a warning shot...
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Joined: Nov 2012
Posts: 4,349
Campfire Tracker
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Campfire Tracker
Joined: Nov 2012
Posts: 4,349 |
Speaking of silver coins, something that some of you "coin watchers" might not know is that before and during WW II, the nickel was made of zinc. Because zinc was a strategic war material the govt. stopped making the nickel of zinc and changed it to silver. !943 and 1944 nickels were silver.
FWIW.
L.W. Those are 40% silver
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Joined: Jun 2020
Posts: 9,450
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 9,450 |
You know inflation is bad when our lead and copper has become valuable. I have to correct my information. I thought it was 82 and below that was nearly 100%. I believe 1982 was the transition year, i.e., some 1982 pennies are 95% copper and the rest are mostly zinc. Thanks. I'll have to find out which are which and spend the zinc 82s.
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Joined: Mar 2009
Posts: 4,413 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Mar 2009
Posts: 4,413 Likes: 1 |
Speaking of silver coins, something that some of you "coin watchers" might not know is that before and during WW II, the nickel was made of zinc. Because zinc was a strategic war material the govt. stopped making the nickel of zinc and changed it to silver. !943 and 1944 nickels were silver.
FWIW.
L.W. It wasn't the nickle,it was the pennies that were steel coated with zinc http://americancoinnj.com/blog/steel-pennies-wartime-u-s-pennies-non-copper/
~Molɔ̀ːn Labé Skýla~ As Bob Hagel would say"You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong."Good words of wisdom...............
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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OP
Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
I pick out the "wheaties" other wise they go into the piggy bank. Then just before a long hunting trip, I go to the bank and turn them in. Use that money for gas. I have a separate container for the Wheaties, too.
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Joined: Jun 2002
Posts: 131,773 Likes: 21
Campfire Sage
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OP
Campfire Sage
Joined: Jun 2002
Posts: 131,773 Likes: 21 |
Because they're 95% copper. Post-81 pennies are mostly zinc, with an exterior wash of copper. I've been hording them for about twenty years, i.e., whenever I get one in change, it goes in a jug. Thanks Hawk, I'll start paying more attention to my change. How often do you seem them? Coming up on almost 40 years old, Nowadays, it seems it's like one in ten is pre-82. Maybe less.
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Joined: Nov 2004
Posts: 17,277
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 17,277 |
Many have machines that separate copper pennies from zinc using large amounts of pennies from a bank but due to law it illegal to melt them.. No guts no glory!
Have seen pics of people with drums of copper pennies all being worth several times face value... but got to be melted to be sold.
"I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man." Thomas Jefferson
GeoW, The "Unwoke" ...Let's go Brandon!
"A Well Regulated Militia" Life Member
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Joined: Sep 2015
Posts: 833
Campfire Regular
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Campfire Regular
Joined: Sep 2015
Posts: 833 |
It cost 1.50$ to make and ship a penny in 2016. The copper in a penny is worth double the face value of the coin. The country loses millions every year producing pennies.
https://en.wikipedia.org/wiki/Penny_(United_States_coin)#:~:text=In%20fiscal%20year%202010%2C%20each,and%201.50%20cents%20in%202016.
Good luck and shoot straight y'all
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