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re: Tips from MT Coin Collectors
Posted on 12/26/12 at 7:13 pm to chuckitdeep
Posted on 12/26/12 at 7:13 pm to chuckitdeep
I'll dive more into this again tomorrow, but the composition of the penny changed during 1982. The melt value on pennies before 1982 are twice the face value right now. You would have to have a significant amount of pennies for it to be worthwhile. I've got a collection going already that isn't hurting me staying in storage since it won't gain me anything sitting in a bank account.
1
Posted on 12/27/12 at 12:47 am to RickAstley
Next to impossible to find silver coins today. Bank employees are also coin collectors and several sell on ebay.
You may want to buy a large (5000) wheat penny lot through ebay and have some fun.
I have had luck in people selling their entire collections to me. I have paid 85% of coinflation.com silver value, up to 90%, depending on how fast the seller wanted the money. The sellers had received the coins from in-laws or grandfathers.
You may want to buy a large (5000) wheat penny lot through ebay and have some fun.
I have had luck in people selling their entire collections to me. I have paid 85% of coinflation.com silver value, up to 90%, depending on how fast the seller wanted the money. The sellers had received the coins from in-laws or grandfathers.
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